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Serhud [2]
3 years ago
7

Timothy Carter has net monthly income of $3,800. He has a monthly auto loan payment of $350, a student loan payment of $150, a m

ortgage payment of $1,200, and a credit card minimum payment of $45. What is his debt-payments-to-income ratio
Business
1 answer:
PIT_PIT [208]3 years ago
8 0

Answer:

45.9%

Explanation:

The computation of the debt payment to income ratio is as follows:

Income = $3,800

And,

Debt payment is

= auto loan payment + student loan payment +mortgage payment + credit card payment

= $350 + $150 + $1200 + $45

= $1745

So,  

Debt payment to income ratio is

= Debt payment ÷  income

= $1,745 ÷ $3,800

= 0.459

= 45.9%

You might be interested in
Which is the correct order in which a business would collect/analyze data to make decisions A. Knowledge – Business Intelligence
RUDIKE [14]

Answer:

C. Data – Information – Business Intelligence – Knowledge

Explanation:

This is the correct order to collect and analyze data to make decision

5 0
3 years ago
Hadley Corporation issued 200,000 shares of $5 par value common stock for $25 per share. During that year, the corporation susta
kari74 [83]

Answer:

D : common stock of $1,000,000

Explanation:

Hadley Corporation

Issued shares × par value common stock

Issued shares 200,000

Par value common stock $5

Hence:

200,000 x $5

= $1,000,000

Therefore the year-end balance sheet would show a common stock.of $1,000,000

8 0
3 years ago
Someone please help me..
siniylev [52]

already answered this question for you in a previous post.

8 0
3 years ago
KB Home decided that they were interested in knowing if offering eco-friendly options within their home offerings will generate
EastWind [94]

(A) Casual research would be most appropriate for the given purpose.

<h3>What is casual research?</h3>
  • Causal research is the study of cause-and-effect relationships.
  • To establish causation, the variation in the variable suspected of influencing the difference in another variable must be observed, and the variations from the other variable must be calculated.
<h3>What is descriptive research?</h3>
  • Descriptive research is used to characterize the features of a population or phenomenon under investigation.
  • It does not address how/when/why the qualities developed.
  • Rather, it responds to the "what" inquiry.
<h3>What is exploratory research?</h3>
  • Exploratory research is a methodological approach that investigates previously unstudied research problems.
  • It is frequently utilized when the problem under investigation is novel or the data collection process is difficult in some way.
<h3>Solution -</h3>

As the definition of casual research states, to establish causation, the variation in the variable suspected of influencing the difference in another variable must be observed, and the variations from the other variable must be calculated.

Therefore, (A) casual research would be most appropriate for the given purpose.

Know more about descriptive research here:

brainly.com/question/26057974

#SPJ4

Complete question:

KB Home decided that they were interested in knowing if offering eco-friendly options within their home offerings will generate greater sales than offering eco-friendly options within an options list to add on to their home offerings. Which type of research would be most appropriate for this purpose

(A) Casual research

(B) Exploratory research

(C) Descriptive research

7 0
2 years ago
Leas Corporation staffs a helpline to answer questions from customers. The costs of operating the helpline are variable with res
elena-14-01-66 [18.8K]

Answer:

d. $432,590

Explanation:

In this scenario cost varies with volume of calls. This is called variable cost and is defined as cost that changes as the quantity of goods and services changes. Variable cost is a summation of all the marginal costs of units produced. They rise as production increases and vice versa.

To calculate the variable cost= Total cost/ volume

Variable cost= 452,500/25,000

Variable cost= $18.10

At a new volume of $23,900

Total cost= Variable cost * Volume

Total cost= 18.1* 23,900

Total cost= $432,590

4 0
3 years ago
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