Timothy Carter has net monthly income of $3,800. He has a monthly auto loan payment of $350, a student loan payment of $150, a mortgage payment of $1,200, and a credit card minimum payment of $45. What is his debt-payments-to-income ratio

Answers

Answer 1

Answer:

45.9%

Explanation:

The computation of the debt payment to income ratio is as follows:

Income = $3,800

And,

Debt payment is

= auto loan payment + student loan payment +mortgage payment + credit card payment

= $350 + $150 + $1200 + $45

= $1745

So,  

Debt payment to income ratio is

= Debt payment ÷  income

= $1,745 ÷ $3,800

= 0.459

= 45.9%


Related Questions

to start a new business, a sole proprietor must meet a small number of government. Which of the following is not one of them

A. Site permit
B. Business license
C. Name
D. Work a minimum of 30 hours

Answers

Answer:

d

Explanation:

D. Work a minimum of 30 hours

You research finds 5,400 potential customers for your bowling alley, and you think each is willing to spend $10, five times per year, to bowl. What is the total potential revenue represented by these customers?

Answers

Answer:

$270,000

Explanation:

Potential customers are 5400

Each customer can spend $10; 5 times per year.

Therefore, each customer will spend  $10 x5 = $50 per year.

Potential revenue = $50 per customer x 5400 customers

=$270,000 per year

5. When might a company decide that it needs to hire a human resource professional?​

Answers

Answer:

See Below

Explanation:

Below are a few reasons why a business might consider hiring a trained HR officer

It is recommended to hire a Human resource specialist once a company has 50 employees and above. When a business has over 50 employees, it needs someone trained to manage their welfare and other human resources issues.

When a company is growing or expanding rapidly, it requires to employ more people.  No matter the size of a business, when a business is hiring people frequently, it needs an HR officer to coordinate the recruitment process.

If a manager spends over 3 hours a day handling employee issues, then it's time to employ a trained HR officer. This gives the manager time to focus on their core mandate.  A dedicated specialist will be best suited to address employee issues, which is beneficial to both the company and the employees.  

Pretend you are an employer. you will discuss a promotion and a raise with an employee. What will you say to them?

Answers

Answer:

Good luck with the promotion, here are some ideas for the company!

Jaiden is in 6th grade and plans to attend college. He has created a college preparation plan. 1. He will fill out the FAFSA form and send it in immediately. 2. He will ask his parents if they have a college savings account. 3. When he gets to high school, he will start trying harder in school so he can qualify for academic scholarships. 4. During his last year of high school, he will get involved in sports and clubs he enjoys to qualify for scholarships. 5. Upon graduation, he will start saving money for college. Which statements identify errors in Jaiden’s plan? Check all that apply. He should wait until his last year in high school to fill out the FAFSA. He should start saving right away. It is never too early to start a savings account. He should work hard throughout middle school and high school or it might be too difficult for him to excel later, since bad habits are hard to break. He should try different sports and clubs in middle school and early high school. Then he should pick his favorites and invest more time in them. While in high school, he should quit all extracurricular activities so he can work more hours and save money. He should ask all his friends and neighbors to contribute to his college fund so it will grow faster.

Answers

Answer:

-He should wait until his last year in high school to fill out the FAFSA.

-He should start saving right away. It is never too early to start a savings account.

-He should work hard throughout middle school and high school or it might be too difficult for him to excel later, since bad habits are hard to break.

-He should try different sports and clubs in middle school and early high school. Then he should pick his favorites and invest more time in them.

Explanation:

Answer:

1

4

5

I did the test and pretty sure i got it correct

All the following were true of the American economy under Cotton Kingdom EXCEPT a the South reaped all the profits from the cotton trade. b 75 percent of the British supply of cotton came from the South. c quick profits from cotton drew planters to its economic enterprise. d the South produced more than half the entire world's supply of cotton. e cotton accounted for half the value of all American exports after 1840.

Answers

Answer:

a) the South reaped all the profits from the cotton trade.

Explanation:

Cotton grown in the southern states of the US helped to start the industrial revolution in the United Kingdom and northern states in the US. Even though cotton was not grown in northern states, the factories that processed cotton were located there. The south provided the raw materials and the north provided the final processed goods.

Yuto owns a souvenir shop in Tokyo. He wants to reach English speaking tourists in his city during certain hours of the day. Which three areas of his Search campaign does Yuto need to adjust to achieve this goal? (Choose three.)

Answers

Answer:

Location targeting

Ad scheduling

Language targeting

Explanation:

Yuto try three new and improve methods, Location targeting , Ad scheduling ,Language targeting to reach English speaking tourists.

By using these techniques, Yuto focus on specific target and specific location for target his tourist .

The three areas of his Search campaign does Yuto need to adjust to achieve this goal are location targeting, language targeting, and Ad scheduling. The correct options are options B, C, and E.

Language targeting allows one to target the ads to people who use third-party sites based on the language they speak.

An ad schedule is a schedule that allows one to show ads or modify bids during specific times. One can create up to 6 ad schedules in an account per day, per campaign.

Location targeting allows one to choose where he/she wants to display an ad. By default the ads can be shown to people who are in, regularly visit, or have expressed interest in the desired locations.

Thus, the correct options are B, C, and E.

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The given questions do not have the options mentioned. The complete question is given below.

Yuto owns a souvenir shop in Tokyo. he wants to reach English-speaking tourists in his city during certain hours of the three areas of his search campaign does Yuto need to adjust to achieve this goal? (choose three.)select 3 correct responses shared

A) budgets ad

B) scheduling language

C) targeting network settings

D) location targeting

Explain how insurance companies use statistics.

Answers

Answer:

 Statistics is used to determine what risk an insured poses to an insurance company, what percentage of policies is likely to pay out, and how much money a company can expect to pay out in claims

I want to sell homework answers but I need to contact people without people finding out I did

Answers

Answer:

sell?

Explanation:

who created the periodic table​

Answers

Answer:

Dmitri Mendeleev

Explanation:

Hope this helped, Have a Wonderful Day!!

HELP MEEE PLSSSSSS HELPPPPPPPPPPPPP

Answers

Answer:

Uhhhhhh it's 12

Explanation:

Yea it's 12

HELPPPPPPPPP I will give you brainliest if u r right

What does it mean to deploy a network?
A.
To set it up and implement its use
B.
To shut it down
C.
To hack into it
D.
To design it, but not do physical set up

Answers

Answer:

A

Explanation:

Answer:

AAAA

Explanation:

just did the test :))

ANSWER ASAP Which of the following may help you protect against identity theft? A. Carrying your Social Security card at all times B. Clicking on pop-up windows to verify their information C. Contacting your credit card company if you don’t receive bills D. Including your name in your online passwords

Answers

Explanation:

I think A. Because it is the only safe way to protect yourself even in the credit card company people might steal your identity and they dont know. So I say A

Answer:

Its C) contacting your credit card company if you don't receive bills

Explanation:

EDGE 2021

What is most likely to push the price of a company's stock higher?


an increase in demand for the stocks of similar companies


an increase in tariffs paid by the company's competitors


an increase in demand for the company's stock


an increase in the exchange rate for the U.S. dollar

Answers

Answer:

i would say between 1  and 2! you choose

Explanation: when companies  have competitors they want to attract as much as they can they do this by lowering prices or having a large selection in stock! For example Gas Stations you would always see two right across from each other they are most likely competing for customers so one can lower prices for gas to attract buyers or just have a new stock of goods!

Answer:

an increase in demand for the company's stock

Explanation:

bc i took the test

The marginal product of an additional worker multiplied by the price of the firm’s output is considered the ________.

Answers

Marginal revenue product of labor (MRPL)

except media what else can provide job information

Answers

Answer:

see below

Explanation:

Other sources of job information are

1. Trade or professional associations

They are organizations formed by professionals in the same career path. Members frequently meet to share information regarding developments in their profession.

2. Family and friends working in different organizations

Close friends and relatives are an important source of information for vacancies existing in different workplaces.

3. Educational institutions

In some cases, employers share information on their available job opportunities with schools and colleges.

4. Career or employment agencies

Employment agencies have updated information on various labor requirements for different employers

You end summer with 105 tennis rackets in inventory. you only average sales of 10 rackets per week over the next three months. How long will your supply of tennis rackets last?
-
a. 10.5 weeks
b. 12 weeks
c. 14 weeks
d. 18.5 weeks

Answers

Answer:

the answer is a 10.5 weeks

Explanation:

this is because if u divide 105 tennis rackets by 10.5 weeks it gives you your average sold a week wich is 10.

10.5 weeks long will your supply of tennis rackets last, as you only average sales of 10 rackets per week over the next three months. Hence, option A  is correct.

What is average sales?

You may easily get the total amount of all sales orders inside the selected timeframe and divide by the intervals to determine the average sales for your chosen period. For instance, multiplying the value of sales for a year by 12 will yield the average sales per month the number of months in the year.

the amount of merchandise that is typically sold each day, as determined by dividing the total amount sold over a period of time by the number of days in that period: In its first month of publication, the newspaper reported average daily sales of more than 21,000.

Thus, option A  is correct.

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Which of the following is NOT a primary reason for technology?
(A)Get tasks done quicker
(B)Make tasks easier
(C)Get tasks done more efficiently
(D)Make tasks more difficult

Answers

A primary reason for technology is the make a task more difficult

Answer:

D

Explanation:

technology was made so that we would do things more efficiently and with less effort, if the device that were created made tasks more difficult, we would have no need for it and it would probably be disreguarded. theres no reason to have technology that makes life more difficult

Why do schools serve milk instead of water?

Answers

Explanation:

They serve milk because many children need the nutrition. It might seem antiquated, it began in the late 1900–1920's in public schools to provide food for impoverished kids. Some high schools offer a variety of drinks including water, but by that age kids should know better about what to consume.

Answer:

i don't know I think it's because they have water fountain and they are probably just lazy to get water or can't afford it

Nokia's dramatic operational change and demonstration of organizational adaptability in transforming their business from wood pulp and logging to communications is one of the best examples of which innovation characteristic

Answers

Answer: Thinking laterally

Explanation:

Lateral thinking simply refers to an indirect way of solving problems. It typically involves a new and creative way of doing something.

This can be seen in Nokia's dramatic operational change and demonstration of organizational adaptability in transforming their business from wood pulp and logging to communications.

Lateral thinking is a new and innovative wa of doing something that's quite different from how others do it. This usually gives an organization a competitive advantage over its rivals.

The hartley clinic purchased a new surgical laser for $9000. The estimated salvage value is $5000. The laser has a useful life of five years and the clinic expects to us it $10000 hours. It was used 1600 hours in year 1; 2200 hours in year 2; 2400 in year; 1800 hours in a year; 2000 hours in year 5

Answers

Answer and Explanation:

The computation is shown below:

Years          Straight line            Units of production

Year 1 ($90,000 - $5,000 ÷ 5)    1,600 × 8.5 = $13,600

                    = $17,000

Year 2              $17,000                       2200 × 8.5 = $18,700

Year 3              $17,000                       2400 × 8.5 = $20400

Year 4               $17,000                       1,800 × 8.5 = $15,300

Year 5              $17,000                        2000 × 8.5 = $17,000

Total                 $85,000                      $85,000

The 8.5 come from

= ($90,000 - $5,000) ÷ (10,000 hours)

= 8.5

hence, the units of production would be most appropriate

TRUE OR FALSE: A mathematics professor at a university would fall under both the Education and Training career cluster and the STEM career cluster.

Answers

Answer is : True
Explanation: none

Correll Company has two divisions, A and B. Information for each division is as follows: Division A B Operating Profit $40,000 $260,000 Investment in Division $100,000 $1,200,000 Weighted Average Cost of Capital 12% 12% Profit Margin Percentage 10% 20% What is the investment turnover for Division A?

Answers

Answer:

The investment turnover for Division A is 4.

Explanation:

The computation of the investment turnover ratio for division A is shown below

Operating profit = $40,000  

Profit margin percentage = 10%

Profit margin percentage = Operating profit ÷ Net sales

10% = $40,000 ÷Net sales

Net sales = $400,000

Investment = $100,000

Now  

Investment turnover = Net sales ÷  Investment

= $400,000 ÷ $100,000

= 4.00

hence, The investment turnover for Division A is 4.

Which person has the lowest taxable income
Person A:earns 50,000 per year with 5,000 deductions
Person B: earns 60,000 per year with 10,000 deductions
Person C : earns 90,000 per year with 30,000 deductions
Person D : earns 100,000 per year with 60,000 deductions

Answers

Person D. pls mark brainliest

Taxable income refers to the amount of income remaining as a tax base for a period of time after all allowable deductions have been spent on total revenue. Person D has the lowest taxable income here.

What is Taxable Income?

Income that is subject to taxation and is reflected in the accumulation of a particular benefit or benefit to the taxpayer in particular.

The income on which the Government imposes a tax is called as taxable income.

Here, Person D income is 100,000 and deductions are 60,000. so now, to calculate the taxable income, we have to deduct 60,000 from 100,000 that is 40,000 will be his taxable income.

Thus, Person D has the lowest taxable income.

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A company's issued share capital throughout an accounting period consists of 500,000 common shares of 20 cent each and 100,000 preference shares of $1. If net income after tax for the period is $160,000 and the preference dividend is $10,000 then the basic EPS for the period is: a. $0.30 b. $0.33 c. $0.31 d. $0.32

Answers

Answer:

a. $0.30

Explanation:

Basic Earning Per Share (BEPS) = Earnings Attributable to Holders of Common Stock ÷ Weighted Average Number of Common Stock.

Earnings Attributable to Holders of Common Stock calculation :

Net income after tax for the period                            $160,000

Less Preference Dividend                                           ($10,000)

Earnings Attributable to Holders of Common Stock $150,000

Weighted Average Number of Common Stock calculation :

Outstanding common shares                                      500,000

Therefore,

Basic Earning Per Share (BEPS) = $150,000 ÷ 500,000

                                                     = $0.30

Someone please help will mark as brainliest

Answers

24 days is the answer

Answer:

divide by the table and lilly pads

Explanation:

well how long is the table you divide the table from the number of lilly pads and there you go

Firestop Inspectors are encouraged to look for empty containers to confirm that a. The appropriate materials are being used b. The installed material containers are in sufficient quality to have been installed correctly c. The site is kept clean and containers are disposed of properly D both A and b

Answers

Answer:

D both A and b

Explanation:

For the fire inspectors, not only are they expected to confirm that appropriate materials are being used but also, to ensure that the quality are top notch. This is to prevent outbreak of fire. For example, in a place where metal bin with lid are to be used, if plastic bin is being used, there is high chances of fire outbreak occurring when a used cigarette stick is thrown into it.

3. Which of the following is not a characteristic of a service? (1 point)
O marketability
O variability
O inseparability
O intangibility

Answers

Answer:

marketability is not correct

Explanation:

Four characteristics of service are;

intangibility,

inseparability,

variability and.

perishability.

The characteristic of the service does not include marketability. As services are intangible so they are not marketed or shown to the customer physically.

What is service?

Someone or something that is intended to assist individuals who are assisting others is defined as a service. Services are not physically presented or seen by the people.

It is the experience felt by the customers.

Thus, option A is correct.

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Martha has $10,000 saved and wants to attend a college with a current tuition of $10,000 a year. She will graduate from high school in five years. Roughly how much more will Martha need to save for one-year’s tuition to account for an annual rate of inflation of 3%?

$1,590.00
$1,255.00
$300.00
$3,000.00

Answers

Answer:

$1,590.00

Explanation:

Martha has $10,000 saved one. She will join college after 5 years.

Tuition for one year is $10,000. Inflation rate is 3%

The applicable formula is A = P ( 1+ r) ^n

Where A = amount after 5 years

P= principal amount $10,000

r= interest rate 3% of 0.03

n = 5 years

A= $10,000( 1+ 0.03) ^5

A = $10,000 ( 1.03)^5

A= $10,000 x 1.159

A= 11,590.00

Marthe already has $10,000. She will need  11,590.00 - $10,000 more

=$1,590.00

What is the most financially dangerous way to pay for college?

A.Scholarships

B.Cash

C.Credit cards

D.Federal students loans

Answers

Answer:

I think it would be credit card

Explanation:

I don't know if I'm correct though

Credit cards is the most financially dangerous way to pay for college. Fees and interest charges are possible. person will be legally obligated to repay debt.

What is one reason why credit cards can be dangerous?

Using credit cards and not paying them off on a monthly basis can harm credit. Aside from the high interest rate, the major disadvantages of using credit.

When a person don't have the cash to pay it off later include damaging credit, straining relationships with family and friends, and, ultimately, bankruptcy.

Thus, option C is correct.

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