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
Monroe minerals company purchased a copper mine for a 126,500,000 the mine was expected to produce 50,000 tons of copper over it
vichka [17]

Answer:

I think it would be B

Explanation:

hope this helps if not please let me know

7 0
2 years ago
Someone who desires to start/run a business, but is not comfortable with the idea of having a new product or service should cons
blondinia [14]
The options were 
a. cooperative outsourcing. 
b. partnership. 
c. leveraged buyout. 
d. franchise. 
Answer is D. franchise 
A franchise is the right to use a specific business's name and sell its products or services in a given territory.Like opening a McDonalds in your neighbourhood. A franchisee would be running a business that already has an established product or service
7 0
3 years ago
Q 4.26: on december 31, 2017, before any year-end adjustments, canterbury shoe repair's prepaid insurance account had a balance
melamori03 [73]

<u>Calculation of adjusted balance for prepaid insurance at December 31, 2017:</u>


It is given that on December 31, 2017, before any year-end adjustments, Canterbury shoe repair's prepaid insurance account had a balance of $3,500. It was determined that $2,200 of the prepaid insurance had expired.

So the adjusted balance for prepaid insurance at December 31, 2017, shall be (3500-2200) = <u>$1,300</u>




3 0
3 years ago
Discovered
vesna_86 [32]
Um I think it’s number 4.
7 0
3 years ago
n investment adviser has 3 managing partners and 3 investment adviser representatives. All of the partners have completed the Ce
dusya [7]

Answer: permitted since it is true

Explanation:

From the question, we are informed that an investment adviser has 3 managing partners and 3 investment adviser representatives and that all of the partners have completed the Certified Financial Planner program and received the designation.

We are further told that the 3 IARs have been enrolled in a CFP preparation course and are scheduled to take the next CFP exam. The IA publishes an advertisement that states: "All of our partners are Certified Financial Planners."

This advertisement is allowed because the advertisement is true. Since, we are already given the information that the 3 partners of the firm have done their Certified Financial Programs, therefore, the statement is true and not a misleading one.

5 0
3 years ago
Other questions:
  • Which motivational value system is most often guided by concerns about whether business activities have been thought out careful
    10·1 answer
  • If a receptionist can increase the average transaction per client by $15, and the veterinary practice sees 40 clients per day, h
    15·1 answer
  • The receiving department employs one worker who spends 25% of his time on the receiving activity and 75% of his time on inspecti
    9·1 answer
  • In​ class, we discussed the differences between a contribution income statement versus the traditional approach​ (absorption whi
    6·1 answer
  • An action for breach of warranty generally must be brought within four years of the breach.
    9·1 answer
  • Microeconomics is the study of how households and firms make decisions and how they interact in specific markets.
    15·1 answer
  • What are the four components of the global business environment?
    12·2 answers
  • Explain the relationships between a firm’s short-run production function and its short-run cost
    14·1 answer
  • Any three reasons except politics on the recent looting of shops,malls and the destruction of business property in gauteng and k
    7·1 answer
  • What are the main conclusion that can be draw from the Hawthorne experiments<br><br><br><br><br>​
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!