Answer:
54.9%
Explanation:
To calculate your debt to income ratio, you must add all your monthly debt payments and divide that number by your monthly gross income:
Timothy's total monthly debt payments = auto loan ($750) + student loan ($390) + mortgage ($1,700) + credit card ($125) = $2,965
Timothy's debt to income ratio = $2,965 / $5,400 = 54.9%
Timothy has too many debts, a good debt to income ratio shouldn't exceed 36-40%.
Answer:
Rate of return= 11.25%
Explanation:
<em>The accounting rate of return is the average annual income expressed as a percentage of the average investment. </em>
<em>The simple rate of return can be calculated using the two formula below: </em>
<em>Accounting rate of return </em>
= Annual operating income/Average investment × 100
Average investment = (Initial cost + scrap value)/2
Average annual income = Total income over investment period / Number of years
Average investment = (60,000 + 20,000)/2= $40,000
Average annual income is already given as = 4,500
Rate of return = 4500/40,0000 × 100 = 50%
Rate of return= 11.25%
Answer:
CORRECT: It is easier to detect shrinkage in a periodic inventory system than in a perpetual inventory system.
Explanation:
Answer:
the expected total cash collections for May is $160,600
Explanation:
The computation of the expected total cash collections for May is given below
= 10% of $152,000 + 50% of $182,000 + 40% of $136,000
= $15,200 + $91,000 + $54,400
= $160,600
Hence, the expected total cash collections for May is $160,600
The same should be considered
