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seropon [69]
3 years ago
13

You would like to purchase a home and are interested to find out how much you can borrow. When your lender calculates your debt

to income ratio, he determines that your maximum monthly payment can be no more than $3,200. You would like to have a 30 year fully- amortizing loan and the interest rate offered on such a loan is currently 5%. Given these constraints, what is the largest loan you can obtain?
Business
1 answer:
Elis [28]3 years ago
4 0

Answer:

When Your Lender Calculates Your Debt To Income Ratio, He Determines That Your Maximum Monthly Payment Can Be No More Than $3,200. 

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True or False. The standminus−alone cost allocation method ranks the individual users of a cost object in order of users most re
Reptile [31]

Answer:

False

Explanation:

It is 'Incremental cost allocation method' that ranks the individual users of a cost object in order of users most responsible for a common cost (the most responsible will be primary user) and then uses these rankings to allocate the costs among the users (incremental users).

Stand-alone cost allocation method allocates cost proportionately among all users based on a basis which relates to each users proportion of the total. For example the basis could be proportion of sales of responsibility centers to total sales of organization.

6 0
3 years ago
Under the Federal Insurance Contributions Act, where do the funds for Social
emmasim [6.3K]

Answer:

It is deducted from the workers

Explanation:

All employers are required to deduct social security and medicare taxes from their employees' paychecks. The deducted amounts are remitted to the government through the social security administration authority.

Therefore, the funds for Social  Security and Medicare come from the employees' paycheck. It is the workers who contribute these funds from their income.

6 0
3 years ago
Why is the price elasticity of demand for coca-cola greater than the price elasaticity of deman for soft drinks generally?
wolverine [178]

A soft drink's price elasticity of demand is lower than Coca-Cola's, which is more sensitive to price. This is due to the ease with which consumers can switch from Coca-Cola to other comparable soft drink alternatives, such as Pepsi.

  • However, it would be challenging to replace soft drinks as a whole with alternative products. The price elasticity of demand for soft drinks, in general, is lower than the price elasticity of demand for Coca-Cola because there are no other close substitutes for them.
  • The quantity required of a thing or service changes in response to a change in the product's price, and this is measured by the price elasticity of demand. It is computed by subtracting the product's price change from the quantity demanded, divided by the product's price change.
  • Because the quantity of Coca-Cola products demanded frequently changes when prices vary, these products are thought to have an elastic demand.

Know more about coca-cola:

brainly.com/question/14602871

#SPJ4

7 0
1 year ago
So what is economics?
pishuonlain [190]

Answer: Economics is the study of how society uses its limited resources. Economics is a social science that deals with the production, distribution, and consumption of goods and services.

Explanation:

6 0
4 years ago
Read 2 more answers
Is buying a movie ticket considered a(n)
Snowcat [4.5K]
I would say C. Hope this helps!
6 0
3 years ago
Read 2 more answers
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