Answer: $6289.07
Explanation:
Monthly mortgage = $1,850
Car payment = $500
Student loan = $350
Note : 43% is the maximum debt to income ratio under FHA
Therefore calculating Hope's total monthly debt ;
(Monthly mortgage + car payment + student loan)
$(1850 + 500 + 300) = $2700.
Therefore Hope's minimum monthly income in other to afford the loan can be calculated by dividing her total monthly debt by the maximum debt to income ratio under FHA
$2700 ÷ 0.43 = $6,279.069
=$6279.07
Answer: Option (B)
Explanation:
A partnership is referred to as or known as an arrangement where organizations, parties, business partners, tend to agree to cooperate with each other in order to advance the mutual interests they have. These partners that are in partnership may tend to be businesses, individuals, organizations, governments. Organizations tend to partner in order to increase their likelihood of achieving the mission and also amplify reach.
Answer:
b. decrease in the stock of capital due to wear and tear.
Explanation:
Depreciation is a reduction in the value of an asset over time, due in particular to wear and tear.
Depreciation is the gradual decrease in the economic value of the capital stock of a firm, nation or other entity, either through physical depreciation, obsolescence or changes in the demand for the services of the capital in question.
The monetary value of an asset decreases over time due to use, wear and tear or obsolescence. This decrease is measured as depreciation. ... Machinery, equipment, currency are some examples of assets that are likely to depreciate over a specific period of time.
Answer:
Hewo! :>
Explanation: I believe the answer you're looking for is A
<span>It is due to the profit maximising rule in a monopoly is Marginal Revenue=Marginal Costs (MR=MC). If the price or the output is below the ATC then the firm is operating at a loss; however, should shut down production until price or output is less than AVC.</span>