1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
LiRa [457]
3 years ago
14

A common rule is that housing expenses plus other debt payments should not be more than 36% of your monthly income your monthly

income is $4,321 per month how much can you spend on housing
Business
1 answer:
timurjin [86]3 years ago
7 0
If your income per month is $4,321 and you aren't able to spend more than 36% of your monthly income on housing... to solve:

($4,321)(0.36) = $1,555.56
You might be interested in
A customer has a margin account that shows a market value of $190,000 and a debit balance of $90,000. in addition, the account h
vodka [1.7K]

A maintenance margin is a minimum equity an investor ought to preserve withinside the margin account after the acquisition has been made. Hence,  the long market value at maintenance in this case is $120,000.

<h3>What do you mean by long market value?</h3>

Long market value at maintenance refers to the point where an account must fall (in market value) to reach minimum maintenance (25% of market value). ;

The maintenance margin is far presently set at 25% of the full value of the securities in a margin account as in step with Financial Industry Regulatory Authority (FINRA) requirements.

To calculate the <em> </em>long market value at maintenance,  divide the debit balance by .75 ($90,000 / .75 = $120,000)

Hence,  the long market value at maintenance is $120,000.

Learn more about long market value at maintenance:

brainly.com/question/15057471

#SPJ1

3 0
2 years ago
A company had a beginning balance in retained earnings of $430,000. It had net income of $60,000 and paid out cash dividends of
snow_lady [41]

Answer:

Ending retained earning will be $433750

Explanation:

We have given beginning balance = $430000

Net income = $60000

Dividend paid = $56250

We have to find the ending balance

We know that ending retained earning is given by

Ending retained earning = beginning retained earning + net income - dividend paid

So Ending retained earning = $430000+$60000-$56250 = $433750

6 0
3 years ago
Adjustments help to ensure that all revenues are recorded in the period in which they are:______
Andrew [12]

Answer: made

                     

Explanation: In simple words, adjustment in accounting refers to the transactions that are not recorded in the accounts yet but actually belongs to it with respect to the time period of their occurrence.

There are generally five types adjusting entries accrued revues, accrued expenses, deferred revenues, deferred expenses and deprecation expenses. Such entries are usually made at the end of the year in their respective accounts.

5 0
3 years ago
When the expected inflation rate increases, the real cost of borrowing ________ and bond supply ________, everything else held c
Dafna1 [17]

Answer:

The answer is: C) decreases ; increases

Explanation:

The real cost of borrowing is calculated by adjusting the nominal cost of borrowing by the inflation rate. This means that if the inflation rate increases, then the adjusted real cost of borrowing will decrease.

The inflation rate increases when country´s money supply growth rate outpaces its economic growth. So when the inflation rate increases (lowering the real cost of borrowing), borrowers are more likely to issue bonds, increasing the bond supply.

4 0
3 years ago
Payton, Inc.'s charter authorized 100,000 shares of stock with a par value of $1 per share. Payton issues 100 shares at a market
hoa [83]

Answer:

Common stock and $100

Explanation:

The journal entry is shown below:

Cash Dr $500   (100 shares × $5)

     To Common stock $100  (100 shares × $1)

     To Additional paid in capital in excess of par value - common stock  (100 shares × $4)

(Being the issuance of the common stock is recorded)

For recording this we debited the cash as it increased the assets and credited the common stock and additional paid in capital as it increased the stockholder equity    

6 0
3 years ago
Other questions:
  • a. Balance sheet accounts are arranged into ______ general categories. b. Common Stock and Dividends are examples of ______ acco
    9·1 answer
  • Someone please help,, it’s urgent.
    13·1 answer
  • Swan song is a spa that caters to the needs of small percentage of highly health conscious consumers. It offers state-of-the-art
    6·1 answer
  • County A received equipment that was of a lesser capacity than requested from County B (their mutual aid partner). What best pra
    8·1 answer
  • In the 1850s, the issue of slavery complicated the proposal to build a transcontinental railroad, as select one:
    5·1 answer
  • What alternatives did some employers use to lessen the impact of the change on their bottom line? (List at least three.)
    6·1 answer
  • A 7-year municipal bond yields 4.8%. Your marginal tax rate (including state and federal taxes) is 39.00%. What interest rate on
    5·1 answer
  • Failure to understand the beliefs and expectations of stakeholders:a. Causes a company's profits to increase in the short run.b.
    11·2 answers
  • Suppose in year 1 the CPI is 90, in year 2 the CPI is 100, and in year 3 the CPI is 110. Then, inflation is
    15·1 answer
  • A recent annual report for FedEx contained the following data:
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!