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Marianna [84]
3 years ago
14

You work for a lender that requires a 20% down payment and uses the standard debt-to-income ratio to determine a person’s

eligibility for a home loan. Of the following, choose the person that you would rate the highest on their eligibility for a home loan? Person A Person B Person C Person D home value $175,000 $200,000 $220,000 $250,000 income $51,000 $58,000 $63,000 $67,000 savings $35,000 $40,000 $42,000 $50,000 recurring debt $350 $250 $200 $450 a. Person A b. Person B c. Person C d. Person D.
Business
1 answer:
dem82 [27]3 years ago
4 0

The person eligible for the home loan possesses less debt as compared to the income. Person C has the highest rate on eligibility for a home loan.

The debt to income ratio is the ratio that defines the eligibility of the person that can avail him of the other amount of loans and borrowings.

In the context mentioned above, person C is eligible for the borrowing or the home loan because he has the highest income as compared to debt, and also the debt ratio is least as compared to the other. The debt to income ratio of person C is 3.1%.

Therefore, the correct option is c.

To know more about the calculation of the debt to income ratio, refer to the link below:

brainly.com/question/9911386

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Andy’s subordinates say that they love working for Andy because he inspires them to not only believe in the organization but to
Rasek [7]

Answer:

Transformational Leader

Explanation:

A transformational leader is someone who inspires and motivates employees to be innovative and create change to help achieve overall success of the business. The leader will encourage workplace ownership and independence in order to make employees feel like they are trusted and their ideas are valuable.

Instead of micromanaging, transformational leaders tend to delegate work. This is done by allowing workers to be creative, take authority, learn from mistakes and find their own solutions to problems than being told what to do.

When such mentoring and training is done, employees not only feel a sense of belongingness and trust in the workplace but are able to feel a sense of achievement, accomplishment and boost in self-esteem.

8 0
3 years ago
Because unintended lane changes by distracted drivers are responsible for 43% of all highway fatalities, Ford Motor Co. and Volv
Zinaida [17]

Answer:

The present worth of their cost over a 10-year period at an interest rate of 10% per year is 114,627,795.36

Explanation:

Detailed steps are attached below

5 0
3 years ago
A company with 108,000 authorized shares of $4 par common stock issued 33,000 shares at $12. Subsequently, the company declared
liq [111]

Answer:

$20,460

Explanation:

Data provided as per the question below:-

Common stock = 33,000 shares

Market price per share = $31

Stock dividend percentage = 2%

The computation of stock dividend is shown below:-

Price per share = Common stock × Market price per share

= 33,000 × $31

= $1,023,000

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8 0
4 years ago
Meyer Inc produces lampposts using labor (L) and capital (K). Its production function is given by the following expression: Q =m
kykrilka [37]

Answer:

L = 0

K = 535.36

Q = 99,577 units

Explanation:

Q = 118L + 186K  

Budget line: C = L.PL + K.PK

5,889 = 16L + 11K

This is a linear production function, indicating labor and capital are perfect substitutes. Optimal bundle lies on one of the corner points on isoquant.

From budget line,

When L = 0, K = 5,889/11 = 535.36  

Q = 118*0 + 186*535.36 = 0 + 99,576. 96 = 99,577 units

When K = 0, L = 5,889 / 16 = 368.06

Q = 118*368.06 + 11*0 = 45,555.08 + 0 = 45,555 units

So, output is maximized when L = 0 and K = 535.36, since Q = 99,577 units (optimal labor).

Hope this helps!

8 0
3 years ago
Pina Inc. has outstanding 10,500 shares of $10 par value common stock. On July 1, 2020, Pina reacquired 104 shares at $87 per sh
umka2103 [35]

Answer:

Please see explanation

Explanation:

The following journal entries shall be recorded by the Pina Inc in its accounts for the transactions mentioned in the question:

July 1, 2020                                     Debit                  Credit

Treasury shares                               $9,048

(104*87)

Bank                                                                              $9,048

(Reacquiring of 104 shares at $87 per share)

September 1, 2020                                     Debit                  Credit

Bank                                                            $5,670

(63*90)

Treasury shares                                                                       $5,481

(63*87)      

Paid in capital                                                                           $189                

(5,670-3,567                                                                            

(Reissuing of 63 shares at $90 per share)

November 1, 2020                                     Debit                  Credit

Bank                                                            $3,403

(41*83)

Paid in capital                                             $164

(3,567-3,403)

Treasury shares                                                                       $3,567

(41*87)      

(Reissuing of 41 shares at $83 per share)

8 0
4 years ago
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