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

who created the periodic table​

Answers

Answer:

Dmitri Mendeleev

Explanation:

Hope this helped, Have a Wonderful Day!!

*ECONOMICS* please help
thank you to whoever answers

Answers

Answer:

I think B

Explanation:

I don't know much about economics, but don't you need to have decent credit to take a loan (borrow) from the bank?

Tara is using Search Audiences to reach her most valuable customers. Which direct benefit might she obtain by using Search Audience?

Answers

Answer:

I would say, delivering a customized message to the right user at the correct bid.

Insurance sales, tax preparation, personal financial advising, and investment fund management are careers in which
workers can be self-employed. Which careers have the highest and lowest self-employment rates?
O Insurance sales has the highest rates, and tax preparation has the lowest rates.
O Personal financial advising has the highest rates, and investment fund management has the lowest rates.
O Investment fund management has the highest rates, and insurance sales has the lowest rates.
O Tax preparation has the highest rates, and personal financial advising has the lowest rates.

Answers

Answer:

Its A.

Explanation:

The correct option is A.

Which careers have the highest and lowest self-employment rates?

Insurance sales have the highest rates, and tax preparation has the lowest rates. Personal financial advising has the highest rates, and investment fund manager has the lowest rates.

What do most careers in finance deal with?

A person who plans, summarizes, analyzes, and interprets accounting information. Keeps an establishment for the deposit or loan of money, or for traffic in money, bills of exchange, etc.

Learn more about Insurance sales here https://brainly.com/question/25855858

#SPJ2

Which term describes the degree to which an instrument repeats the same measurement over time?

Answers

I believe it is test re-test reliability

1. Antitrust laws are designed to

Answers

Answer:

Antitrust laws are statutes developed by governments to protect consumers from predatory business practices and ensure fair competition. Antitrust laws are applied to a wide range of questionable business activities, including market allocation, bid rigging, price fixing, and monopolies

Explanation:

may i have brainliest please and thank you

Write a promotion policy below - include personal qualities and behaviors the company rewards and how they are rewarded, such as raise or promotion.

Answers

Answer:

When a company tells its employees that there’s no dress code and that it’s a casual work environment, that’s a trick. Don’t be fooled – there’s no such thing as a casual work environment when it comes to how you look. Fair or not, how you dress is super important.

Explanation:

An individual's liability for unauthorized credit card charges is much higher than an individual's liability for unauthorized debit card purchases, regardless of when the fraud is reported. * 2 points True False

Answers

An individual's liability for unauthorized credit card charges is much higher than an individual's liability for unauthorized debit card purchases, regardless of when the fraud is reported.

The answer is FALSE

Hi can you please answer this question for me?
___________________________ is the interest that the bank pays you on the principal plus on the interest that you earned the preceding year

simple intrest
compound interest
complex interest

Answers

Answer:

compound interest

Explanation:

Compounding interest refers to the action of adding the interest earned in a period to the principal amount. This action increases the principal amount invested. In compound interest, both the principal amount and the interest earned increases every financial year.

Compound interest contrasts with simple interest, which is the interest earned on the principal amount only. Whereas compound interest amount increases every year, simple interest remains constant throughout the life of the investment.

Answer:

Compound Interest

Explanation:

what do you mean by pricing. In what situation price is reduced​

Answers

Answer:

Explanation

Meaning that as they lower their prices, the cost per unit is lowered and therefore their profits remain the same. If the business is breaking into a new market, starting off with a very low market share, and have the financial backing and resources to offer a lower price than competitors.

Engi Sola Corp. Manufactures solar engines for tractor trailers. Given the fuel savings available, new orders for 125 units have been made by customers requesting credit. The variable cost is $9,700 per unit, and the credit price is $11,100 each. Credit is extended for one period. The required return is 1.9% per period. If Engi Sola extends credit, it expects that 30% of the customers will be repeat customers and place the same order every period forever, and the remaining customers will be one-time orders.

Answers

Answer:

The net present value (NPV) of the decision to grant credit is $2,938,157.89.

Explanation:

Note: This question is not complete. The complete question is therefore provided before answering the question as follows:

Engi Sola Corp. Manufactures solar engines for tractor trailers. Given the fuel savings available, new orders for 125 units have been made by customers requesting credit. The variable cost is $9,700 per unit, and the credit price is $11,100 each. Credit is extended for one period. The required return is 1.9% per period. If Engi Sola extends credit, it expects that 30% of the customers will be repeat customers and place the same order every period forever, and the remaining customers will be one-time orders.

Calculate the NPV of the decision to grant credit.

The explanation of the answer is now given as follows:

Number of new orders = 125 units

Percentage of repeat order = 30%

Number of order that will be repeated forever = Number of new orders * Percentage of repeat order = 125 * 30% = 37.50 units

Credit price per unit = $11,100

Variable cost per unit = $9,700

Contribution margin per unit = Credit price per unit - Variable cost per unit = $11,100 - $9,700 = $1,400

Total contribution for all new order = Number of new orders * Contribution margin per unit = 125 * $1,400 = $175,000

Total contribution margin for order that will be repeated forever = Contribution margin per unit * Number of order that will be repeated forever = $1,400 * 37.50 = $52,500

Net present value (NPV) of total contribution margin for order that will be repeated forever = Total contribution margin for repeated order forever / Required return = $52,500 / 1.9% = 2,763,157.89

Net present value (NPV) of the decision to grant credit = Total contribution for all new order + NPV of total contribution margin for order that will be repeated forever = $175,000 + 2,763,157.89 = $2,938,157.89

Therefore, the net present value (NPV) of the decision to grant credit is $2,938,157.89.

5. People-based services are
in today's world. (1 point)
-decreasing
-staying about the same
-increasing
-varying from day to day

Answers

Answer:

decreasing

Explanation:

because more and more machines are made to do work

20 POINTS SEND HELP PLEASE
One way to overcome generational distinctions is to ______.
a.
Acknowledge that men and women can do tasks equally well
b.
Tolerate ideas that come from different cultures
c.
Listen carefully for ideas everyone can agree on
d.
Favor the habits of one generation over another


Please select the best answer from the choices provided

A
B
C
D

Answers

Answer:

c.

Listen carefully for ideas everyone can agree on

Explanation:

Generational distinction or gap occurs when there are differences in opinions, values, and beliefs between various generations in the society.

When generational gaps occur one generation's opinions and beliefs are favoured above others.

To reduce the generational gap that occurs in society, ideas need to be accepted on their own basis and objectively as far as its benefits can be proven.

It should not matter which generation brings up the idea. Rather it is important to listen carefully for ideas everyone can agree on

Your answers gonna be C.

edg 2021

Question 10 of 15 A tax-sheltered annuity is a special tax-favored retirement plan available to ACertain age groups only. BCertain groups depending on factors such as race, gender, and age. CCertain groups of employees only. DAnyone.

Answers

Answer:

C Certain groups of employees only

Explanation:

The tax sheltered annuity is a special tax regarding the retirement plan that available to a specific employees group only that engaged in non-profit, education, other 501c3 organization etc

So according to the given situation, the option C is correct as it fits to the situation

Therefore the other options are wrong

According to the video, which tasks do Urban and Regional Planners perform? Check all that apply.
developing recommendations to improve medical care
o promoting the best use of land and resources
developing plans for growth and renewal
promoting campaigns for political elections
reviewing applications for government assistance

Answers

Answer:

Got it right on Edge!

Explanation:

Promoting the best use of land and resources and developing plans for growth and renewal are the tasks performed by Urban and Regional Planners.

Who are Urban and Regional Planners?

Among other areas of interest, urban and regional planners may choose to specialise in topics like transportation planning, community development, historic preservation, or urban design. Public servants, civil and environmental engineers, architects, attorneys, and real estate developers are all common collaborators with planners.

Urban and regional planners design land use plans and policies that support the development of communities, population growth, and the renewal of physical infrastructure.

Therefore, the tasks that Urban and Regional Planners perform are promoting the best use of land and resources developing plans for growth and renewal.

To learn more about Urban and Regional Planners, click here:

https://brainly.com/question/20363803

#SPJ6

You have a client whose business uses accrual-basis invoicing and accounts receivable workflow. They use the Banking screen to enter a deposit for a payment check, which they post manually to an income account. What problems will this cause?

Answers

Answer:

The amount of trade receivables is completely inaccurate. Another such explanation is provided below.

Explanation:

Transactions were mostly automatically transferred to purchase orders unless the alternative of automatically determine disbursements would be allowed to select throughout the classification of transaction. Whenever a financial institution screen was being used to transcribe the client's compensation, the deferred revenue balancing act would then demonstrate an inaccurate equilibrium but mostly generate a duplicate earnings entry throughout the accrual basis.

brainliest for the people who no why ro/blox not working to day

Answers

Here you go, Its in the picture.

Answer:

Try updating the game

Explanation:

After reading about primary and support activities in a firm's value chain, discuss how managers can create value by establishing important relationships among the value-chain activities both within their firm and between the firm and its customers and suppliers.

Answers

Answer and Explanation:

It is very significant for the managers to develop an important relationship in the value chain activities as it develop a positive impact on the company also it improves the employees morale.

The better the communication is, the better is the quality of the goods at the lowest cost

In the case of the inbound logistics and the suppliers, it would lead to decrease in the cost of inventory and at the same time it improve the quality of the products

Also when the customers have interacted with the manufacturing company so it would build trust and in return the company wants the loyal customers that ultimately increased the goodwill of the company  

How do you songwriters earn money from their songs

Answers

Answer:

Good question I think its because people buy there albums and

Explanation:

Answer:

they receive royalties

Explanation:

HELP!

In an official meeting the leader does NOT require a MOTION or SECOND to make a decision on behalf of the group.

True
False

Answers

Answer:

False.

Explanation:

• Nominations do not need a second

• Closing nominations requires 2/3 vote. To reopen requires a majority vote. Parliamentary Rules for a Committee The formality necessary in a large group would hinder business in the smaller group. Therefore, in a committee:

• Members are not required to obtain the floor before making motions or speaking.

Answer:

TRUEE

Explanation:

Goods sold to Mahesh Rs 20000 journal entries​

Answers

Answer:

see below

Explanation:

This transaction is affecting sales. It is increasing sales( revenue account) by Rs 20,000.  An increase in sales is recorded by crediting the sales account.

The goods are sold to Mahesh. It is an increase in accounts receivable ( asset account). An increase in assets is recorded as a debit to the asset account.

The Journal will be as follows.

 Mahesh A/c Dr. Rs. 30,000

   Sales A/c                                 Cr. Rs.20,000

 

HELP MEEE PLSSSSSS HELPPPPPPPPPPPPP

Answers

Answer:

Uhhhhhh it's 12

Explanation:

Yea it's 12

explain sleeping problems from the usage of the computer and ways to help

Answers

Answer:

Explanation:

I will put this in RACE format for you.

The sleeping problems from the usage of the computer is affected because computers can cause your brain to become more aware and awake. Too much screen time can also cause stress which also does not help you sleep. This is proven because anything enduring stress will cause you to become more awake. This happens because you always have something on your mind. All in all, if you limit screen time before bed then it will be easier for you for you to concentrate and sleep.

Which is not one of the main sections of a resume?
A. contact information
B. salary requirement
C. education
D. work experience

Answers

Answer:

B. salary requirement

Explanation:

Salary is typically posted in the job description or negotiated by the employer/employee as part of the hiring process

who death was sadder itachi or minato or Jiraiya

Answers

Answer:

i would say Jiraiya

Explanation:

he was alone when ijt happen and was weak

the act of an insurance company publishing misleading information about its policy provisions is called

Answers

Answer:

The right response is "False advertising". A further explanation is given below.

Explanation:

False advertising refers to just about every documented argument but rather television advertising which always benefits customers an inaccurate view as well as believing of the prospective customer. Regrettably, several other organizations have decided to appreciate the value of having appeared to receive just one substantial discount and perhaps another opportunity to encourage people to purchase, with really no intention of agreeing.

List three security measures businesses can use to help safeguard information stored in the computer systems

Answers

Answer:

First of all, a company should establish policies that require strong passwords. it is also necessary to establish policies requiring periodic updates. Another strong security measure is to set up a firewall that helps to control data traffic, both incoming and outgoing. Antiviruses are necessary. Private users need them as well as businesses.

Which of the following three situations is least likely to occur at the same time as the other two situations? Why?
1) Real GDP is less than potential GDP.
2) An economy in a strong, 5-year expansion.
3) An unemployment rate above the natural rate of unemployment.

Answers

Answer: I'm going to take a guess and say 1 and 3.

Explanation: Just taking a guess.

A house has a total cost new of $212,340. It is 12 years old and has an estimated remaining economic life of 38 years. The cost to cure deferred maintenance items is $670. Short lived items Cost is $20,000 and depreciation on the short lived items has been identified totaling $4,850. What is the amount of long-lived depreciation attributable to the building

Answers

Answer:

$ 46,000

Explanation:

hope it helps!

.....

If a house has a total cost new of $212,340. It is 12 years old and has an estimated remaining economic life of 38 years. The cost to cure deferred maintenance items is $670. Short lived items Cost is $20,000 and depreciation on the short lived items has been identified totaling $4,850. The amount of long-lived depreciation attributable to the building is $46,000

First step is to determine the total economic life

Economic life=12 years+38 years

Economic life = 50 years

Second step is to calculate depreciation percentage

Depreciation percentage=12/(50) ×100

Depreciation percentage= 24%

Third step is to calculate the cost of long lived items

Using this formula

Cost of items=Total cost-Deferred maintenance -Short lived items

Cost of items=$212,340 - $670 - $20,000

Cost of items= $191,670

Now let determine the amount of long-lived depreciation attributable to the building

Using this formula

Long-lived depreciation attributable to building= Cost of the long-lived items× Depreciation percentage

Let plug in the formula

Long-lived depreciation attributable to building=$191,760×24%

Long-lived depreciation attributable to building= $46,000

Inconclusion if a house has a total cost new of $212,340. It is 12 years old and has an estimated remaining economic life of 38 years. The cost to cure deferred maintenance items is $670. Short lived items Cost is $20,000 and depreciation on the short lived items has been identified totaling $4,850. The amount of long-lived depreciation attributable to the building is $46,000

Learn more here:https://brainly.com/question/16043302

An investor whose highest priority is getting the largest gains possible, even if
it requires a lot of risk, would most likely invest in
O A. hedge funds
O B. bonds
O c. mutual funds
O D. savings accounts

Answers

Answer: A. Hedge funds

Explanation:

Other Questions
Helppppppp pleaseeee When a ball is thrown upward, there is a loss of ____________ energy, but a gain in ___________ energy. In some counties, certain funds are collected and then distributed to be used only for the exclusive purpose of deterring, investigating, and prosecuting real estate fraud crimes. This fund is the: Help will give crown What physical feature best supported the development of early societies? What is the median of this set of data?1, 2,5,6,9. A liquid has a ph of 12. It is... A. an acid B. a base C. neutral Ok I think this is the last one for tonight mabey Ashley has $200 in a savings account that earns 4% interest per year. Which is closest to the amount that will be in her account after 5 years if no withdrawals or deposits Anyone here do martial arts? I need to ask u some questions In Katz vs United states , the supreme court ruled on whether the police would tap a public phone without a warrant. Estimate the square root of 296 to the nearest tenth. The most important step for preventing cardiovascular disease is to live a healthy lifestyle. true or false Decide if the following underlined conjugation is grammatically CORRECT or INCORRECT.Los hombres venden carros.CorrectIncorrect Why did each of the states write a constitution as soon as independence was declared? ____________________________________________________________________ Answer's__They were required by the British government to create them.They needed a way to force colonists to join the war effort.They believed that a monarch would take over if they waited.They needed to replace the British government after the war with their own government. Item 12The graph represents the height y, in feet, above the ground of a water balloon x seconds after it is dropped from a window.Which statement is true?Select each correct answer.The maximum height of the water balloon occurs at x = 0.The water balloon is in the air for 2 s.The water balloon hits the ground in 64 s.The water balloon rises above 64 ft before falling toward the ground.The maximum height of the water balloon is 64 ft. The cost of a car rental is $30 per day plus per mile. You are on a daily budget of $75. Write and solve an inequality to find the greatest distance you can drive each day while staying within your budget. Use pencil and paper. Find 2 other two-step inequalities with the same solutions. PLEASE HELP MEEEEE IM DESPRATE T^T SOMEONE PLEASE HELP THIS IS TIMED!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!After reading the article, why do you think Picassos style changed so drastically? Do you think his artwork got better or worse? Why? Which of the following identifies the central idea of this text