Ask question

Ask question

All categories

3 years ago

9

How much annual income would you need to have if, using the 28/36 ratio, your maximum allowable recurring debt is $380? a. $16,2

90 b. $22,800 c. $57,000 d. $75,000.

1 answer:

Virty [35]3 years ago

5 0

Answer:

D. 75,000

Explanation:

You might be interested in

A customer has made an investment that pays $20 of interest during its first year and that has appreciated by $250, for a year-e

love history [14]

Answer:

0.2571 or 25.71%

Explanation:

In this case, even though the initial amount invested is not given, it can be found by subtracting the amount by which the investment appreciated of the year-end value:

$A = \$1,300 - \$250\\A = \$1,050$

The return rate is given by the interest payed added to the amount appreciated, divided by the initial investment:

$r=\frac{\$250+\$20}{\$1,050} \\r=0.2571= 25.71\%$

The customer's total return is 0.2571 or 25.71%

6 0

3 years ago

The ________ stage of the new-product process assesses the total "business fit" of the proposed new product with the company's m

borishaifa [10]

Answer:

Business analysis

Explanation:

The business analysis refers to the analysis of the business i.e whether the product is profitable or not it contains the attributes that the company want and the consumer wants. It should be done with the help of marketing strategy and research by their taste and preference. Is this product fits with the company mission and objectives or not

So the given situation represents the business analysis stage

5 0

3 years ago

Angie owns numerous strip malls. A major tenant of one of the strip malls wanted to cancel its lease because it was moving to an

Vlad [161]

Answer:

1. To determine whether she is in the business of being a person who LEASE out property as well as what will be her TAX BASIS for the lease.

2. Ordinary income of $60,000

Explanation:

1. Based on the information given the factors that she should consider in order to determine the amount as well as the character of her income from these circumstances is to determine whether she is in the business of being a person who LEASE out property as well as what will be her TAX BASIS for the lease.

b. Based on the information given we were told that the tenant paid her the amount of $60,000 in order to cancel its obligations under the lease which means that the amount and character of her income from the cancelled lease will be ORDINARY INCOME of the amount of $60,000 which we were told the tenant paid her in order to cancel its obligations under the lease.

7 0

3 years ago

Scarcity is a condition that is everywhere and always, since it is based upon two assumptions that reflect permanent universal c

mart [117]

Answer:

The world has limited productive resources

More output satisfies More wants

3 0

3 years ago

You have just won the multi-state lottery jackpot of $500,000,000! you have the option of receiving a check for $25,000,000 ever

tekilochka [14]

(10,000,000) / (20) = 500,000

(10,000,000) * (0.069) = 690,000 in taxes.

So (10,000,000) - (690,000) = 9,310,000 in a lump sum.

In 20 payments it would be $500,000 minus the taxes.

($500,000) - [(690,000)/(20)]

($500,000) - [$34,500] = $465,500

One lump sum would be $9,310,00. If they don't charge you taxes if you get the 20 payments per year, you would get $500,000. If you're charged taxes you'd get $465,500 per year.

6 0

3 years ago