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Mila [183]
3 years ago
7

Buying a Vacation Home

Business
1 answer:
Liono4ka [1.6K]3 years ago
4 0

The debt to income ratio is 86 percent. This is high so the family should not buy a house.

<h3>The total debt that is owed by this family </h3>

First mortgage = $43,000

Outstanding debts = $12,200

Car loan =  $13,700

Second mortgage =$25,700

The total debt that this family is owing is given as

$43,000+ $12,200+$13,700+$25,700

= 94600 dollars

The total income that this family makes is given as $110,000.

The debt to income ratio would be

94600/$110,000.

= 0.86

Therefore the debt to income ratio that this family has is 86%.

Given that their debt to income ratio is high, it is advisable that the family has to stay away from purchasing a new house.

Read more on debt and income ratio here:brainly.com/question/24814852

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The "Fashion Place" carries a carefully selected and distinctive assortment of traditional women's
In-s [12.5K]

Answer:

specialty-store.

Explanation:

Based on the information provided within the question it seems that "The Fashion Place" is probably a specialty-store. These are stores that focus on selling a very specific category of product. Which is exactly what this store is doing by selling only clothes aimed for upper-class executive women's clothing (specialty).

5 0
3 years ago
When an investor purchases Class A shares of a mutual fund in their brokerage account at a FINRA member firm, the sales charge i
Viktor [21]

When an investor purchases Class A shares of a mutual fund in their brokerage account at a FINRA member firm, the sales charge is apportioned to all of the following except The mutual fund.

<h3>What does it mean to be a member of FINRA?</h3>

The Financial Industry Regulatory Authority (FINRA) is an independent, nongovernmental organization that writes and enforces the rules governing registered brokers and broker-dealer firms in the United States.

A member is a registered investment firm or a brokerage or a dealership. Generally, an associated person is registered under the company rules and holds an important position at a company making investment decisions.

To learn more about FINRA visit the link

brainly.com/question/13678897

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8 0
2 years ago
Effective internal control activities over the payroll function may include Reconciliation of totals on job time tickets with jo
Svet_ta [14]

Answer:

Verification of agreement of job time tickets with employee clock card hours by a payroll department employee.

Explanation:

An effective internal control system

This simply aim to give adequate hope that  the policies, processes, tasks, behaviours etc, of  an organisation, when complied, helps its effective and efficient operation of the organisation etc.

It is very essential in the payroll and personnel cycle to prevent over payments and payments to nonexistent employees. Proper authorization  by  the human resources department should add and delete employees from the payroll or change pay rates and deductions. The number of hours,  overtime, must be approved by employees supervisor.

Payroll computations should be separately verified. A member of management should review the payroll output for any obvious errors or unusual amounts.

7 0
3 years ago
suppose ta hurricane hits alabama causing widespread damage to houses and businesses the governor of alabama places pirce cielin
Mamont248 [21]

Answer:

Shortages of building materials and a slower recovery from the storm

Explanation:

From the question we are informed about an instance, whereby a hurricane hits Alabama, causing widespread damage to houses and businesses. The governor of Alabama places price ceilings on all building materials to keep the prices reasonable. In this case,what most likely result is Shortages of building materials and a slower recovery from the storm.

From law of demand, which expressed that provided other factors remain equal, when price of a good goes higher, then there would be less demand of that good from

people and vice versa. higher price brings lower the quantity demanded, and lower price brings higher the quantity demanded, therefore in the case, above as the price of ceilings on all building materials so that price becomes reasonable people demand more and it leads to Shortages of building materials

6 0
3 years ago
The two main sources of stockholders' equity are
Helen [10]
1)The first, and original source is the money that was originally invested in the company.

2)Any additional investments made there after!

Have a Warm and Wonderful Day!!
8 0
4 years ago
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