Answer: The debt payments-to-income ratio is: calculated by dividing monthly debt payments (excluding mortgage payments) by net monthly income.
This ratio is a measure that analyze an person’s monthly debt payment in accordance with his/her monthly income.
The gross income is the pay before taxes and other variables are deducted.
<em>i.e. </em><em>debt payments-to-income ratio = 
</em>
<em>Therefore, the correct option is (b)</em>
Answer:
$300
Explanation:
Data provided in the question
Assets reported = $500
Liabilities = $200
So, Stockholder equity is
= Total assets - total liabilities
= $500 - $200
= $300
By applying the accounting equation, that equal to
Total assets = Total liabilities + owners equity
We can find out the stockholder equity by deducting the total liabilities from the total assets
Just before colliding with another vehicle, you should t<span>ake your foot off the brake pedal.
</span><span> There are several things you can do in order to minimize the consequences of collisions. One of them is to take your foot off the brake pedal. Other are:
- If possible, swerve to the right side of the road when you take evasive action.
</span><span>- Another general rule is to hit an object with a glancing blow (at an angle) rather than head-on.</span>
Answer:
37,000 units
Explanation:
The computation of the total equivalent units for direct material is shown below:
= Transferred to finished goods during the month of July + Ending work in process during the month of July - Inventory in process as on July 1
= 37,500 units + 3,500 units - 4,000 units
= 41,000 units - 4,000 units
= 37,000 units
We simply used the above formula so that the total equivalent units for direct materials using the FIFO method could come
