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Ksenya-84 [330]
2 years ago
5

The Phillips family has a joint gross monthly income of $11,300. The $499 lease payment for their car expires in four months. A

student loan that has been deferred will kick in at the end of the year, and payments will be $210 monthly. Joe Phillips pays child support for his children with his first wife in the amount of $2,200 per month, but $600 of that will drop off in four months when his oldest son turns 18. They are buying a new home with a loan that carries a $2,700 a month payment. What is their housing ratio
Business
1 answer:
Vladimir79 [104]2 years ago
8 0

Answer:

24%

Explanation:

Calculation to determine their housing ratio

Using this formula

Housing ratio= Housing expenses / Gross monthly income

Let plug in the formula

Housing ratio= $2,700/ $11,300

Housing ratio= 24%

Therefore their housing ratio is 24%

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Exercise 14-01 Justin Bleeber has prepared the following list of statements about managerial accounting, financial accounting, a
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Answer: Please answers are in the Explanation section.

Explanation:According to the

managerial accounting, financial accounting, and the functions of management, the following apply.

1. Financial accounting focuses on providing information to internal users ,-----False

2. Staff positions are directly involved in the company’s primary revenue-generating activities---False

3. Preparation of budgets is part of financial accounting --- False

4. Managerial accounting applies only to merchandising and manufacturing companies--- False

5. Both managerial accounting and financial accounting deal with many of the same economic events.---True

6. Managerial accounting reports are prepared only quarterly and annually.--- False

7. Financial accounting reports are general-purpose reports.--- True

8. Managerial accounting reports pertain to subunits of the business--True-

9. Managerial accounting reports must comply with generally accepted accounting principles -----False

10. The company treasurer reports directly to the vice president of operations---False.

4 0
3 years ago
In economic terms, the long-run monetary benefits of doing business in a country are based on the size of the market, the presen
Nana76 [90]

Gross domestic product is one of the factor that aid the long run monetary benefit in business.

<h3>What is Gross domestic product?</h3>

Gross domestic product refer to the the overall monetary or market value of all thecompleted goods and services that is manufactured within a specific country at a period of time.

It is the overall measure of overall domestic production, it help the to know if the country is okay or not.

It help to estimate the size of the economy.

To calculate, GDP

GDP = Consumption + investment+ government spending + net worth.

Therefore, Gross domestic product is one of the factor that aid the long run monetary benefit in business.

Learn more on Gross domestic product from the link below.

brainly.com/question/1383956

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3 0
2 years ago
No matter what way you approach raising money for your business, you will need a ________. written business plan family investme
Alborosie

Answer:

The correct answer is letter "A": written business plan.

Explanation:

A business plan outlines the objectives a company wants to achieve and the strategies it decided to use for such purpose. Business plans are set after the company has identified and recorded the core competencies and resources it has to make the project become reality. Business plans are useful to establish the steps an organization should follow to accomplish every firm's ultimate goal: <em>generate profit</em>.

3 0
3 years ago
Natalie is using Monster and CareerBuilder in her job search. These sites are examples of ________.
lorasvet [3.4K]

Answer:

General purpose Job boards

Explanation:

A job board can be straightforwardly defines as a website where employers advertise job openings for job seekers

A general purpose job board as seen in the question can be defined as a website that offers job recruitment services in its entirety.

This means that both employees and employers use the site to search for and advertise job openings to job seekers respectively. Popular job boards include Glassdoor, Linkedin, etc.

Cheers.

3 0
3 years ago
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Olin [163]

Answer:

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Explanation:

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Charlene's ability to stay on task has no direct correlation with being a highway worker.

Floyd's ability to lift heavy objects also has no direct correlation with being a repair worker.

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<u>The only option with direct correlation is a stationary engineer's ability to figure out what is wrong with machinery for heating a building.</u> A stationary engineer is also known as operating or power engineer.

5 0
3 years ago
Read 2 more answers
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