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
Harrizon [31]
3 years ago
15

Madeline Rollins is trying to decide whether she can afford a loan she needs in order to go to chiropractic school. Right now, M

adeline is living at home and works in a shoe store, earning a gross income of $1,260 per month. Her employer deducts a total of $320 for taxes from her monthly pay. Madeline also pays $190 on several credit card debts each month. The loan she needs for chiropractic school will cost an additional $290 per month. Calculate her debt payments-to-income ratio with and without the college loan
Business
1 answer:
Alex3 years ago
4 0

Answer:

Without loan:

Debt = Credit card debts = 190

Without loan:

Debt = Loan payments+credit card debt =190+290 = 480

Explanation:

Gross Income = $1260

Income after tax = 1260-290 = 970

1st case(without loan)

Debt = Credit card debts = 190

Debt/income = 190/970 =0.1958 = 19.58%

2nd case (with loan)

Debt = Loan payments+credit card debt =190+290 = 480

You might be interested in
One year ago, Debra purchased 5,400 shares of KNF stock for $218,056. Today, she sold those shares for $19.49 a share. What is t
kramer

Answer:

Capital gain yield will be -51.73%

So option (d) will be the correct answer

Explanation:

We have given that Debra purchased 4500 shares of KNF stock for $218056

So price of one share =\frac{218056}{5400}=$48.380

So the beginning price = $40.380

She sold the share at price of 19.49 per share

So ending price = $19.49

We have to find the capital gain yield

We know that capital gain yield is given by

Capital gain yield =\frac{end\ price-beginning\ price}{begninning \ price}=\frac{19.49-40.380}{40.390}=-51.73 %

So option (d) will be correct option  

7 0
3 years ago
If a donor obtains an automatic filing extension for federal individual income tax return
Shtirlitz [24]

Answer:

yes

Explanation:

3 0
3 years ago
Complete this template by replacing the bracketed text with the relevant information. Also cite your sources where information w
NikAS [45]

Hello and welcome to Brainly! I'm Gabriella and I'm a part of the Engagement team on Brainly. Thank you for posting your first question! I hope you enjoy your time here on Brainly! If you have any questions about navigating and understanding the Brainly website, don't hesitate to reach out to me or anyone else on the Engagement team!

8 0
3 years ago
Gokceada Co. issued 100,000 shares of common stock in the current year. On October 1, Gokceada repurchased 20,000 shares of its
andriy [413]
I’m sorry I’m not answering ur question so I can ask one but I would say 450$
6 0
4 years ago
Glenda opened a tax accounting business where she works with small businesses to manage their finances and prepare their records
pav-90 [236]

Answer:

making a profit

Explanation:

Profit making refers to the operations in which an individual or an organisation tries to sell their output in access of their production cost . In simple words, every individual that starts a business initiates it with the primary objective of  earning income from those activities.    

It is seen as the main incentive as no business could stand in the market without making sufficient profits for running and expanding their operations in the long and short run.

Thus, from the above we can conclude that the correct option is D.

3 0
3 years ago
Other questions:
  • Tom is a junk remover who occasionally finds rare antiques to sell. He uses an online auction site to sell each antique for the
    14·1 answer
  • Jay Miller insured his pizza shop for $200,000 for fire insurance at an annual rate per $100 of $.49. At the end of 10 months, J
    5·2 answers
  • The company's shipments of newly-produced branded and private-label footwear from its plants to its regional distribution center
    7·1 answer
  • Bonds Payable has a balance of $928,000 and Discount on Bonds Payable has a balance of $11,136. If the issuing corporation redee
    7·1 answer
  • You purchased 3,000 shares of the New Fund at a price of $25 per share at the beginning of the year. You paid a front-end load o
    12·1 answer
  • When Wilson, a manufacturer of tennis racquets, sent a team of researchers, designers, and tennis pros out to visitwith 40 women
    8·2 answers
  • Joseph Harris is considering an investment that pays 6.5 percent annually. How much does he need to invest today so that he will
    14·1 answer
  • Presented below are selected account balances for Sunland Co. as of December 31, 2020. Inventory 12/31/20 $59,550 Cost of Goods
    10·1 answer
  • McoLawn Ltd manufactures a single product, an ecologically designed electronic lawn-mower, which they sell for £40. The variable
    14·1 answer
  • Use the following information to determine this company's cash flows from financing activities.
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!