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3 years ago

At what debt to income ratio might a Marine be considered overextended

Business

1 answer:

natta225 [31]3 years ago

6 0

Answer:

21% to 30%

Explanation:

The debt to income ratio indicates the percentage of the earnings that are being used to pay the debts every month. The guidelines for Marines state that when the ratio is less than 15% they have to be careful when taking a loan and when it is from 16% to 20% they should avoid taking more debt. Also, from 21% to 30%, they are overextended and shouldn't take more debt and more than 30% indicates that they have to get help to decrease the debt.

According to this, a Marine might be considered overextended when the debt to income ratio is between 21% to 30%.

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Determine the number of cycles per day and the production quantity per cycle for this set of vehicles: Product Daily Quantity A

PIT_PIT [208]

Answer:

The Number of cycles is 4

Product Daily Quantity Daily Unit per cycle

A 18 18/4 = 4.5 units

B 16 16/4 = 4 units

C 4 4/4 = 1 unit

D 16 16/4 = 4 units

3 0

2 years ago

Mr. Hopper expects to retire in 30 years, and he wishes to accumulate $1,000,000 in his retirement fund by that time. If the int

larisa86 [58]

Answer:

Annual payment = $4,143.66 (Approx)

Explanation:

Given:

P = $1,000,000

r = 12% = 0.12

n = 30

Find:

Annual payment

Computation:

$Annual\ payment=P[\frac{(1+r)^n-1}{r} ] \\\\Annual\ payment=1,000,000[\frac{(1+0.12)^{30}-1}{0.12} ] \\\\ Annual\ payment=4143.66$

Annual payment = $4,143.66 (Approx)

7 0

3 years ago

Information on a prospective investment for Wells Financial Services is given below. Period 1 2 3 4 Loan Funds Available 3000 70

Harman [31]

Answer:

Let Lt = Loan in period t , t= 1...4

It = Investment in period t, t= 1...4

These are the decision variables

The objective is to maximize the net income which is the difference between Loan and investment in period 4

Investment income in period 4 = 110% of I4 = 1.1I4

Expense and loan in period 4 = 1.085 L4

So,

Maximize Z = 1.1I4-1.085 L4

Constraints

L1<= 3000

I1<= 4500

L1-I1= 100( Payroll payment)

L2<= 7000

I2<= 8000

L2+1.1I1-1.085L1-I2=120

L3<=4000

I3<= 6000

L3+1.12I2-1.085L2-I3=150

L4<=5000

I4<=7500

L4+1.13*I3-1.085L3-I4=100

1.10I4-1.085L4>=0

Lt, It>=0

Putting this in excel sheet,

See remaining part in pictures attached.

Explanation:

See pictures attached.

7 0

2 years ago

The Nichols Company uses the weighted-average method in its process costing system. The company recorded 29,500 equivalent units

siniylev [52]

Answer:

23,000 units

Explanation:

Beginning WIP inventory + Units started into production = Ending WIP inventory + Units completed and transferred out

Units started into production = Ending WIP inventory + Units completed and transferred out - Beginning WIP inventory

= 6,000 + 25,000 - 8,000 = 23,000

7 0

3 years ago

If Decker had a financing deficit, it could remedy the situation by a. paying down its long-term debt b. paying a special divide

Rudik [331]

Answer:

c. borrowing on its line of credit.

Explanation:

Line of credit denoted as LOC is a form of borrowing which is known to be a flexible form of taking loans. In this borrowing platform, one can borrow a certain amount of money and still borrow more even without paying the initial dept, this primarily makes it flexible. In giving this loans their a certain factors that aid qualify one in getting access to this loan, and this includes the individual credit score and good usage of his/her online purchasing medium without faulting or breaking codes of conducts.

8 0

2 years ago