Given the sums paid and owed to suppliers for the year ending on October 31, 2015, the value of Brian's credit purchase was $188, 409.
<h3>What was the credit purchase value ?</h3>
Brian's credit purchased in the year that ended 31 October 2015, can be found by the formula :
= Amount owed by Brian in 2014 + Amount paid by Brian in 2015 - Amount owed at 31 October 2015
Solving this equation would give us a value of :
= $ 28, 754 + 185, 844 - 26, 189
= $ 188 , 409
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The debt to income ratio is 86 percent. This is high so the family should not buy a house.
<h3>The total debt that is owed by this family </h3>
First mortgage = $43,000
Outstanding debts = $12,200
Car loan = $13,700
Second mortgage =$25,700
The total debt that this family is owing is given as
$43,000+ $12,200+$13,700+$25,700
= 94600 dollars
The total income that this family makes is given as $110,000.
The debt to income ratio would be
94600/$110,000.
= 0.86
Therefore the debt to income ratio that this family has is 86%.
Given that their debt to income ratio is high, it is advisable that the family has to stay away from purchasing a new house.
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Answer: An ethical decision is one that engenders trust, and thus indicates responsibility, fairness and caring to an individual. To be ethical, one has to demonstrate respect, and responsibility. Ethical decision-making requires a review of different options, eliminating those with an unethical standpoint, and then choosing the best ethical alternative.