Elysha has a monthly gross income of $3,000 and a monthly debt load of $500. How can her debt-to-income ratio be classified?

Answers

Answer 1

Answer:

Her debt to income ratio is classified as favorable

Explanation:

The given information are;

Elysha's gross monthly income = $3,000

The amount she pays as debt each month = $500

Therefore, her debt to in to income ratio, DTI, is given as follows;

DTI = (Amount payed as debt)/(Gross income) = $500/$3,000 ≈ 0.167

We multiply by 100 to express the result as a percentage, to get;

0.167 × 100 = 16.7%

Given that her debt to income ration is less than 35%, her debt to income ratio is classified as favorable and she has a manageable debt.

Answer 2

Answer: Good—between 15 and 20 percent

Explanation: All you have to do is find what the different percents of 3,000 are and see which one is the closest.


Related Questions

Timothy Gates and Prada Singh decide to form a new company, TGPS LLC (a multimember LLC that will report its operations as a partnership). Timothy is married, and Prada is single. Each contributes $400,000 of capital to begin the business, and both materially participate in the business. In 2019, TGPS reports a net loss of $580,000. What are the implications of this loss for Timothy and Prada?

Answers

Answer:

Since Timothy is married (and probably files as married filing jointly) can use $290,000 (half of the total loss) to offset nonbusiness income.

On the other hand, since Prada is single, she has an excess business loss of $40,000 ($290,000 - $250,000). She can only use $250,000 (part of her share of the loss) to offset nonbusiness income. The remaining $40,000 must be carried forward and may be used in the future.

What is the key difference between a transaction account (checking) and a time deposit (savings, CD, etc.)?

Answers

Answer:

A checking account is operated using a cheque book while a time deposit is operated by the use of a pass book

Explanation:

Here, we want to examine the difference between a transaction account and a time deposit account.

While both of these are accounts types used in banks, there are some key differences between them.

For a checking account, it is operated using a cheque book to request for funds inside while bearing a very little amount of interest due to the fact that withdrawals can be effected regularly.

For a time deposit account, although it bears a small difference with normal savings account due to the fact that the interest rate is lower. However, the difference here is that a passbook is used in requesting funds from it and it bears a higher interest rate compared to a checking account

plz tell me the books that I need to study for bcom 1st year (my major subject is accounts)​

Answers

Answer:

And financial expression

What is not a good approach to a question about your weaknesses? You should avoid using the word "weakness," but answer honestly. You should exaggerate a little in your answer to impress the interviewer. You should show how you've been working to improve in the area you mention. You should avoid trying to make it a positive: "I tend to work too much."

Answers

B . You should exaggerate a little in your answer to impress the interviewer.

Explanation:

im smart <3

Answer:

its b

Explanation:

i took the test and got 100%

What is a stock symbol?

Answers

Answer:

A stock symbol is an arrangement of characters—usually letters—representing publicly-traded securities on an exchange. When a company issues securities to the public marketplace, it selects an available symbol for its shares, often related to the company name.

Explanation:

A type of investment that gives a person a share of ownership in a company
is a
A. savings account
O B. bond
O c. stock
O D. hedge fund

Answers

The answer is C-stock I think

A type of investment that gives a person a share of ownership in a company is a stock. Thus, option (c) is correct.

What is a stock?

A stock is a type of investment that gives a person a share of ownership in a company. When a person buys a stock, they become a partial owner of the company and are entitled to a portion of the company's profits.

Stocks are traded on the stock market, and their prices can fluctuate depending on a variety of factors, such as the company's performance, investor sentiment, and overall market conditions. Stocks are important because they provide investors with the potential to earn returns on their investments, and they provide companies with capital to fund their operations and growth.

Therefore, it can be concluded that a type of investment that gives a person a share of ownership in a company is a stock. Hence, option (c) is correct.

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Small businesses selling on credit find that:

a. it is relatively inexpensive and simple.

b. it is expensive and requires a great deal of effort.

c. it is essentially borrowing money from the customer.

d. many can get by without selling on credit because their business customers don't expect to use credit.

Answers

Answer:

b. it is expensive and requires a great deal of effort.

Explanation:

selling on credit is basically lending money to customers and it can be very expensive for a small business. First of all, the risk of not getting paid always exists. Second, a small business doesn't generally have excess cash in order to finance credit sales. This means that you might probably need to borrow money yourself to finance your customers.

The good side of credit sales is that they might help you increase your total sales. But you have to calculate which is higher, the costs or the benefits.

What is the best what to make money

Answers

Explanation:

Be a Customer Service Rep. U-Haul offers the best of both worlds. ...

Fill Out Surveys Online. Survey Junkie is a website that pays teens for sharing their opinion. ...

Get Paid to Search the Internet. ...

Test Products. ...

Sell Textbooks. ...

Design T-Shirts. ...

Babysit. ...

Offer Services For $5.

What sort of work can 14 and 15-year-olds do?

Barista.

Busser.

Caddy.

Cashier.

Dog walker.

Dishwasher.

Grocery bagger.

Host/hostess.

The Howell Company has prepared a sales budget of 40 comma 000 finished units for a​ 3-month period. The company has an inventory of 11 comma 000 units of finished goods on hand at December 31 and has a target finished goods inventory of 13 comma 000 units at the end of the succeeding quarter. It takes 3 gallons of direct materials to make one unit of finished product. The company has inventory of 61 comma 000 gallons of direct materials at December 31 and has a target ending inventory of 58 comma 000 gallons at the end of the succeeding quarter. How many gallons of direct materials should Howell Company purchase during the 3 months ending March​ 31?

Answers

Answer:

Purchases=  123,000 gallons

Explanation:

Giving the following information:

Sales:

40,000 finished units for 3 months.

Finished goods inventory:

Beginning inventory= 11,000 units

Desired ending inventory= 13,000 units

It takes 3 gallons of direct materials to make one unit of finished product.

Direct material inventory:

Beginning inventory= 61,000 gallons

Desired ending invenyory= 58,000 gallons

First, we need to calculate the production for the period:

Production= sales + desired ending inventory - beginning inventory

Production= 40,000 + 13,000 - 11,000

Production= 42,000 units

Now, we can calculate the purchases:

Purchases= production + desired ending inventory - beginning inventory

Purchases= 42,000*3 + 58,000 - 61,000

Purchases=  123,000 gallons

In a society with a market economy, property rights are generally enforced by
A. the banks
B. the courts
C. the producers
D. the consumers

Answers

Answer:

ccccccccccccccccccccccc

Explanation:

true or false losing inventory for the year ended 31 August 2018 will be closing inventory for the year ended 31 August 2019

Answers

true because they closed

Which is NOT a career cluster?
A.
Agriculture, food and natural resources
B.
Human services
C.
Health sciences
D.
Business, management, and administration

Answers

Answer:

All are career clusters

Explanation:

1. Agriculture, food, and natural resources

The agriculture, food, and natural resources cluster encompass everything associated with the production of agricultural products. Careers' titles in the cluster include farmers, veterinary officers, and scientists.

2. Human services

This cluster includes cosmetologist psychologists, social workers, hairdressers, and other professionals related to human beauty and mental wellness sub-sectors.

3. Health sciences

Professionals in the Health Sciences cluster work in hospitals, chemists, clinics, and patients' homes. They include nurses, doctors, clinicians, pharmacists, paramedics, and healthcare operators.

4. Business, management, and administration

The cluster consists of careers in business-related fields. They include marketers, finance and business analysts, accountants, managers, and HR experts. It also features many junior entry-level positions, like clerks, typists,  secretaries, and front office workers.

Answer:

None, they are all career clusters

Explanation:

I hope this helped buddy.

A copyright protects a company that uses an original author's work without permission. (6 points)

True
False

Answers

Answer:

false

Explanation:

copyright protects the author's work when it is used without permission.

Answer:

es Falso

Explanation:

esperó que te sirva marcarme como mejor respuesta PORFA y gracias

This is the experience curve for the fictional Motorcycle STICKER industry. The average slope is .167 meaning that for every doubling of output costs drop 83.3%. Xtreme Stickers Inc. just came out with a brand new product that is better than anything else in the industry. Even though we are talking abut stickers competitors cannot copy you very quickly. As the CEO of Xtreme Stickers Inc. you need to decide how to price your stickers. What pricing model will you choose?

Answers

Answer:

Aggressive Pricing Model

Explanation:

In a scenario such as this one, the best pricing model would be an aggressive pricing model. This is because due to the slope being 0.167 this means that the faster your business grows the lower prices you can charge for your product while still making the same profit margins. This is due to your output costs dropping by more than half as you grow. These lower prices also allow you to compete with the other industries in the market and outperform them drastically due to being able to charge a much lower price for the same product as the competition.

A market ____ analyst studies prevailing market trends and forecasts potential sales for a product.?

Answers

Explanation:

A market ____ analyst studies prevailing market trends and forecasts potential sales for a product.?

Which type of economy is used by the United States?
HELPPPPPPPPP

Answers

Answer:

mixed economy

Explanation:

The United States has a mixed economy. It works according to an economic system that features characteristics of both capitalism and socialism.

mixed economy

The United States has a mixed economy. It works according to an economic system that features characteristics of both capitalism and socialism

This software application can be used to organize, analyze, and illustrate data.

Answers

Answer:

its Excel :)

Explanation:

I learned abt it

Answer:

person above me

Explanation:

____ are specialized accountants who look for evidence of improper accounting methods.

A. Public accountants
B. Government accountants
C. Fraudulent accountants
D. Forensic accountants

Answers

Answer:

i think that the answer is C

Explanation:

Answer:

Forensic accountants

Explanation:

just trust me on this man

What is a plan for how much to spend and how much to save of ones earnings called?
A. a wish list
B. a personal budget
C. a saving account
D. an investment portfolio

Answers

The answer is c hoped this helped

One month ago, Kyle made a goal to save $800 for a new video camera. The deadline is in seven months. He now has $110 saved. Evaluate his progress toward reaching his goal. Is Kyle on track to reach his goal? Yes or no?

Answers

Answer:

No, he will not reach his goal if he saves $110 per month.

Explanation:

Answer:

yes

Explanation:

Allesandra would like to work in a school environment, and she knows that she would prefer a career in which she spends lots of work time walking around rather than sitting in an office. a. Elementary school teacher b. Administrative support worker c. Instructional designer d. High school principal

Answers

Answer:

a. Elementary school teacher

Explanation:

An elementary school teacher refers to an individual who is an educational professional and is typically saddled with the responsibility of developing and implementing lesson plans for students in the classroom.

Basically, an elementary school teacher educate students on vital subjects such as mathematics, english language, verbal studies, quantitative reasoning etc. which forms the foundation of a student's future career, observe, analyze and evaluate the performance of each pupil, coordinate all classroom activities, enforce school and classroom rules etc. All of the aforementioned responsibilities are executed or achieved by walking around the classroom to effectively and efficiently monitor and evaluate the pupils.

In this scenario, Allesandra would like to work in a school environment, and she knows that she would prefer a career in which she spends lots of work time walking around rather than sitting in an office.

Hence, the education career which would be the best option for Allesandra, is to work as an Elementary school teacher.

Answer:

a

Explanation:

my school teacher

Assume that at one point a business sells organizers for a price of $20 each, which cost $10 to produce (variable costs). The business's fixed expenses for the period are $4,000. What is the break-even point?
300 units
200 units
100 units
400 units

Answers

Answer:

400 units

Explanation:

From the contribution margin concept, the break-even point is obtained by dividing the fixed costs by the contribution margin per unit.

For this business, fixed costs are $4,000

Contribution margin per unit  is equal to sales price - variable cost per unit

=$20 - $10

= $10

Break-even point = $4000/$10

=400 units

A job application is a form used to make a job request. (3 points)
True
False

Answers

Answer:

I would say it is True.

Explanation:

A job application form states your personal information

What is created during the design phase of ADDIE as a vehicle for feedback before moving on to the next stage?
A) Thesis
B) Storyboard
C) Prototype
D) Internship

Answers

Answer:

c: prototype

Explanation:

What role do executive agencies play in developing the federal budget?
A. Executive agencies sign off on the final spending bill proposed by
Congress.
B. Executive agencies develop budget requests that are sent to the
OMB.
C. Executive agencies determine which spending programs will be
mandatory.
O D. Executive agencies resolve differences between the House and
Senate versions of the budget.
SUBMIT

Answers

Answer:

B. Executive agencies develop budget requests that are sent to the OMB

Just got it right

The role that executive agencies play in developing the federal budget is that executive agencies develop budget requests that are sent to the OMB. Hence, Option B is correct.

What is the federal budget?

A federal budget is comprised of the spending and revenues of the U.S. federal government. It is the financial representation of the priorities of the government, reflecting historical debates and competing for economic philosophies.

The work in regards of the budget actually begins in the executive branch the year before the budget is to go into effect. It is the federal agency that creates the budget requests and submits them to the White House Office of Management and Budget (OMB).

Therefore, Option B is correct.

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The Boston Hotel High-end linens 600-thread-count sheets Coffeemaker and selected teas Imported beer Fresh-squeezed juices Affordability Food and drink Double-thick bath towels Silk pillowcases Raw silk curtains with gold embellishments $100/night four-star rooms Free snacks, shampoo, and conditioner Free wireless Internet

Answers

600 beads of doc green

Andy's utility function for candy is. U(x) = 10vx. If Andy eats 64 pieces of candy,
how much utility does Andy receive?

Answers

Answer:

U(x) = 10vx. If Andy eats 64 pieces of candy,

Explanation:

airline pilots are transportation and tourism career true or false​

Answers

Answer:

True

Explanation:

(i have no explanation i just know)

Answer:

True

Explanation:

Airplane pilots fly people to different areas around the world( which may be for tourism) so they are part of the transportation and tourism career.

Identify the term for unsold goods, raw materials, Or work-in-progress that a company has.

Answers

Answer:

Inventory

Explanation:

Inventory refers to

The finished products in the warehouse or store that is ready for sale. Raw materials used in the production of goodsGoods that in the production process, also known as work in progress.

Inventory is held with the intention of selling. It is classified as current assets. Income realized from the sale of inventory is revenue to the business.

The population hypothesis regarding ethical management models is A. the three models approximate a normal, bell-shaped curve. B. that the moral management model is the largest segment of the normal curve. C. that the immoral management model is the largest segment of the normal curve. D. the three models exhibit a skewed curve, weighted toward either moral or immoral management models, depending on the society being studied.

Answers

Answer:

A

Explanation:

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