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3 years ago

If your monthly net (after-tax) income is $1,500, what should be your maximum amount spent on credit payments? $200

2 answers:

7 0

Rule of thumb is you never want more than 20% of your income to go to credit card payments. If your monthly net income is $1,500 to find the amount spent on credit card payments take 20% of $1,500 = $300. $300 is the max amount you should spend on credit payments.

mihalych1998 [28]3 years ago

6 0

20% of $1,500 = $300

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It may be considered unethical to work part time (weekdays, ~20h/week) at night while working full time for an employer because:

Fynjy0 [20]

Answer:

The correct answer is letter "A": you are competing with your employer for clients

Explanation:

It is common for some individuals to have two jobs so their monetary needs can be met. However, this scenario can cause a <em>conflict of interest</em> for the employers moreover when employees find a second job in the same field of their primary job. Employers could believe those types of workers may be using the firm's client database for the other job so the employees can increase their income, which would be unethical.

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4 years ago

Assume you have a property insurance contract which includes an 80% coinsurance provision. The insured building is worth $5,000,

BaLLatris [955]

Answer:

$1,500,000

Explanation:

in order for the insurance company to pay for all the damages, you should have purchased a policy that covered $4,000,000 in damages. Since the policy only covers $3,000,000, the insurance company will pay:

($3,000,000 / $4,000,000) x $2,000,000 (loss) = 0.75 x $2,000,000 = $1,500,000

3 0

3 years ago

Weston Corporation just paid a dividend of $1.00 a share (i.e., D0 5 $1.00). The dividend is expected to grow 12% a year for the

Oduvanchick [21]

Answer:

D1 = $1.12

D2 = $1.25

D3 = $1.40

D4 = $1.48

D5 = $1.55

Explanation:

The formula to calculate dividends for next years is:

$D_n=D_{n-1}(1+g)$

Where D_n is successive year dividend

D_(n-1) is previous year dividend

g is the growth rate (given as 12% = 12/100 = 0.12)

Initial dividend is $1, D_0

So, lets calculate the dividends for 5 years:

Year 1:

D1 = 1(1+0.12) = 1(1.12) = $1.12

Year 2:

D2 = D1(1+g) = 1.12(1.12) = 1.2544 = $1.2544

Year 3:

D3 = D2(1+g) = 1.2544(1.12) = 1.404928 = $1.404928

Year 4:

D4 = D3(1+g) = 1.404928(1+0.05)1.404924(1.05) = $1.4751744

Year 5:

D5 = D4(1+g) = 1.4751744(1.05) = $1.54893312

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3 years ago

Fun facts: <br> everyone is beautiful, nobody is ugly ^_^

Sergio [31]

Answer:

true

Explanation:

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3 years ago

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3 years ago

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