The Phillips family has a joint gross monthly income of $11,300. The $499 lease payment for their car expires in four months. A student loan that has been deferred will kick in at the end of the year, and payments will be $210 monthly. Joe Phillips pays child support for his children with his first wife in the amount of $2,200 per month, but $600 of that will drop off in four months when his oldest son turns 18. They are buying a new home with a loan that carries a $2,700 a month payment. What is their housing ratio

Answers

Answer 1

Answer:

24%

Explanation:

Calculation to determine their housing ratio

Using this formula

Housing ratio= Housing expenses / Gross monthly income

Let plug in the formula

Housing ratio= $2,700/ $11,300

Housing ratio= 24%

Therefore their housing ratio is 24%


Related Questions

How can buisness decision affect the local community??

Answers

Answer:

Small businesses will also participate and volunteer their time at fairs and festivals, working to connect with members of the community while sharing their services to a large audience.Local businesses pay local taxes, bolstering the city revenue available for improvements to roads, schools, and area green spaces. When shoppers spend their money locally, the taxes they pay benefit their community and better their own lives. Shopping online, for example, may not keep tax revenue local.

Exercise equipment manufacturer Heavyweight, Inc. has experienced disappointing financial results due to the costs associated with shipping its products to wholesalers. This is an example of a(n) ______ cost disadvantage. Multiple choice question. forward channel ally supplier-related internal impossible

Answers

Answer:

Forward channel ally

Explanation:

The distribution channel is made up of a network of different players that help in movement a good from the manufacturer to the final consumer.

It is made up of suppliers, middle men, shipping agents, wholesalers, and retailers.

Forward channel ally are the next steps in the distribution channel.

In this instance it is the shipping agent that is supposed to transfer the goods to the wholesalers.

Heavyweight, Inc experiencing disappointing financial results due to the costs associated with shipping its products to wholesalers is a example of forward channel ally cost disadvantage

Bill plans to deposit $200 into a bank account at the end of every month. The bank account has a nominal interest rate of 8 percent and interest is compounded monthly. How much will Bill have in the account at the end of 2½ years (30 months)?

Answers

I think you will have 6,000 by the end of 2 years

The amount that should have in the account at the closing of 30 months is $6,617.77.

Given that,

The rate of interest = 8% ÷ 12 = 0.6666%The nper is = 2.5 × 12 = 30The monthly payment or pmt is $200The present value be $0

Now the following formula should be used:

=-FV(RATE,NPER,PMT,PV,TYPE)

After applying the above formula, the future value is $6,617.77.

Therefore we can conclude that The amount that should have in the account at the closing of 30 months is $6,617.77.

Learn more about the future value here: brainly.com/question/8286272

science week1 qarter4 grade 8​

Answers

Answer:

Explanation:

444

A company that lacks a competitively powerful stand-alone resource Multiple choice question. will be unable to develop competencies through cross-functional efforts. may attempt to develop a competitive advantage through resource bundling. must continue searching for a resource that passes five tests of competitive power. is likely to be a failure in the marketplace.

Answers

Answer:

may attempt to develop a competitive advantage through resource bundling.

Explanation:

Competitive advantage can be defined as conditions, factors or circumstances that allow a business firm (organization) to manufacture finished goods or services better and perhaps cheaper than other (rival) firms in the same industry. Thus, it's responsible for putting a business firm in a superior or more favorable position than rival firms.

This ultimately implies that, a competitive advantage has a significant impact on a business because it increases its level of sales, revenue generation and profit margin when compared to rival firms in the same industry.

A company that lacks a competitively powerful stand-alone resource that would significantly propel it to the top of the market or industry it's operating in, may attempt to develop a competitive advantage over its competitors or rivals in the same industry through resource bundling and optimum use of these resources.

If C= 450+0.5 Yd la= 275 billion Ga= 875 billion (X-M)a= - 50 billion, calculate the multiplier for this economy. Show method -

Answers

Answer:

Multiplier = 2

Explanation:

Below is the calculation of multiplier:

Given, C = 450 + 0.5Yd

la = 275

Ga = 875

X-M = -50 billion

Plug these values in the below formula:

AD = C + Ia + Ga + ( X - M )a

Y = 450 + 0.5Y  + 275 + 875 + 50

0.5Y = 1650

"A"  is the autonomous expenditure.

Thus, A = 1650

0.5Y = A

Multiplier= Change in Y/ Change A

Change in Y/ Change A =1/0.5

Change in Y/ Change A =2

Thus, Multiplier = 2

Josie is interested in purchasing a computer and is overwhelmed by the many different models available. She decides to consult a magazine devoted to reviewing the quality of home computers. After reading a number of articles stating the pros and cons of each model, she decides on a computer. Josie has been persuaded to purchase this particular computer because of the _____ route to persuasion.

Answers

Answer:

Central

Explanation:

From the question, we are informed about Josie who is interested in purchasing a computer and is overwhelmed by the many different models available. She decides to consult a magazine devoted to reviewing the quality of home computers. After reading a number of articles stating the pros and cons of each model, she decides on a computer. Josie has been persuaded to purchase this particular computer in this case, because of the central route to persuasion. Persuasion can be regarded as the act of making people to act or do something. The primary types are central route and peripheral route.

The central route to persuasion can be regarded as type of persuasion consisting of thoughtful consideration about the arguments i.e about the ideas as well as content of the message.once central processing starts by the receiver then the receiver has become active participant in the process of persuasion.The central route to persuasion make use of facts as well as information in persuading potential consumers.

An appraiser prepared an appraisal report in April 2019. He testified in court regarding the value of the property in January 2020. The decision was rendered in February 2020 and was appealed in April 2020. The appellate court heard the case in January 2021 and remanded the case for reconsideration by the lower court. Final disposition of the case occurred in September 2021. At a minimum, how long must the appraiser retain his workfile?

Answers

Answer: April 2024

Explanation:

Based on the information given in the question, at a minimum, the appraiser must retain his workfile till April 2024.

It should be noted that appraisal records should be kept for at least a period of 5 years. In a situation whereby there is a report which is involved in the litigation, then such file must be maintained for a further two years. This is according to the Uniform Standards for Professional Appraisal Practice Record Keeping Rule.

Flowers, a married taxpayer, purchased an annuity for $64,400 that will pay $700 per month over the life of Flowers and Flowers' spouse. At the time of purchase the couple's joint life expectancy was 23 years. Flowers received payment beginning April 1, year 1, amounting to $6,300 in the first year of the annuity contract. How much is includible in Flowers' gross income in the first year

Answers

Answer:

Explanation:

$6,300ANSWER: C. $4200

23 x 12 x 700= 193,200

64,400/193200=0.333

700*0.333 = 467 = 467*9= $4203

Suppose that a worker in Cornland can grow either 40 bushels of corn or 10 bushels of oats per year, and a worker in Oatland can grow either 5 bushels of corn or 50 bushels of oats per year. There are 20 workers in Cornland and 20 workers in Oatland. If the two countries do not trade, Cornland will produce and consume 400 bushels of corn and 100 bushels of oats, while Oatland will produce and consume 60 bushels of corn and 400 bushels of oats. If each country made the decision to specialize in producing the good in which it has a comparative advantage, then the combined yearly output of the two countries would increase by

Answers

Answer:

see. I hope it's helpful for you lol

Explanation:

i need friend lol can you my friend

Canners Company uses weighted-average costing. Beginning work in process inventory had $3,650 of material costs. During the period, $5,000 of materials and $9,250 in conversion costs were added. If there are 250 equivalent units of production for materials, the cost per equivalent unit for materials is ______.

Answers

Answer:

the cost per equivalent unit for materials is $34.60

Explanation:

The computation of the cost per equivalent unit for materials is shown below:

= (Beginning work in inventory + material added) ÷ material equivalent unit of production

= ($3,650 + $5,000) ÷ 250 units

= $34.60

Hence, the cost per equivalent unit for materials is $34.60

The same should be considered and relevant

Checking account A charges a monthly service fee of $3 and a per-check fee
of $0.02, while checking account B charges a monthly service fee of $2 and a
per-check fee of $0.03. How many checks would a person have to write for
the two accounts to cost the same?
O A. 22
O B. 100
O, C. 0
O D. 35

Answers

Answer: B. 100

Explanation:

To find this out, we shall assume that the number of checks that should be written for the two accounts to cost the same will be x.

The cost of Account A assuming x number of checks is:

= 3 + 0.02x

For Account B this is:

= 2 + 0.03x

Equate both expressions:

3 + 0.02x = 2 + 0.03x

3 - 2 = 0.03x - 0.02x

0.01x = 1

x = 1 / 0.01

x = 100 checks


Name FIVE factors that must be considered when choosing a form of ownership.

Answers

Answer:

1) financing, taxation,risk tolerance, continuity and transferability,entrepreneurial ability

Explanation:

,

An all-equity new firm is developing its business plan. It will require $615,000 of assets (which equals common equity), and it projects $450,000 of sales and $355,000 of operating costs for the first year. Management is reasonably sure of these numbers because of contracts with its customers and suppliers. It can borrow at a rate of 7.5%, but the bank requires it to have a TIE of at least 4.0. The firm will use debt and common equity for financing. What is the maximum debt to capital ratio (measured as debt/total common equity) the firm can use

Answers

Answer:

51.49%

Explanation:

Calculation to determine the maximum debt to capital ratio (measured as debt/total common equity) the firm can use

First step is calculate the Interest Expense

Using this formula

Times Interest earned ratio = Earning Before Interest and Tax / Interest Expense

Let plug in the formula

4.0 = ( Sales - operating costs ) / Interest Expense

4.0 = ( $450,000 - $355,000 ) / Interest Expense

4.0 = $95,000 / Interest Expense

Interest Expense = $95,000 / 4.0

Interest Expense = $23,750

Second step is to calculate the Total Debt

Interest Expense = Total Debt * Interest on Debt

$23,750 = Total Debt *7.50%

Total Debt = $23,750 / 7.50%

Total Debt = $316,667

Now let determine the Debt ratio

Debt ratio = Total Debt / Total Assets

Debt ratio = $316,667 / 615,000

Debt ratio = 51.49%

Therefore the maximum debt to capital ratio (measured as debt/total common equity) the firm can use is 51.49%

What do we call a business that focused on building products that meet consumers' needs?

Answers

Answer: Market oriented business

Explanation:

Market orientation refers to the business philosophy whereby companies identifies the needs of their customers and make products that meet such needs or wants.

A business that's using market orientation will research the current trends in the market and make products that meet them. Strong brands use market orientation approach to meet customers needs.

Which federal regulatory agency would most likely bring a civil suit against a business that broke securities laws?

Answers

Which federal regulatory agency would most likely bring a civil suit against a business that broke securities laws?

answer:

THE SEC

Which of these statements qualify as an unexpected expense? Your buddy, who owns the coolest computer in the world, just bought a new one and wants to sell his old one for cheap, for cash. You've got first crack at buying it. Your car insurance just went up, and you hadn't expected a bigger bill. The biggest game store is going out of business, and you'd like to pick up some absolutely awesome games at half price. You're living on your own, and your computer crashes. It has to be repaired. Your best friend is in the hospital in another city, and you need to fly to that city and head to the hospital. Which ones are unexpected expenses

Answers

Answer:

1.Insurance

2.Computer Crashes

3.Having to go to another City

What is TRUE about time as a factor in investing?


A.

The more time the investor has, the more risk they can take because there is time to weather the declines in a stock and wait for it to regain some of its value before selling.


B.

Time rarely plays a large role in investment decisions or outcomes, and typically waiting to make decisions lowers an investor’s overall risk.


C.

If you have 10 years or more to invest, opening a savings account can be a good option for high-risk, high-reward investing.


D.

If you have a shorter time period to invest because you are nearing retirement, a higher-risk investment is generally a better choice.


plz help :)

Answers

Answer:

A. The more time the investor has, the more risk they can take because there is time to weather the declines in a stock and wait for it to regain some of its value before selling.

Explanation:

This is basically the reason why younger investors can afford higher risks than older investors. If you are 60 years old, you will probably invest in very secure stocks or bonds. Instead, when you are 25, you can afford investing in risky stocks that have higher than average growth potential.

Answer:

The more time the investor has, the more risk they can take because there is time to weather the declines in a stock and wait for it to regain some of its value before selling.

Explanation:

I got it right on the test nun to worry about.

General managers should take an active role in decisions about information systems. This is vital because: e) Information systems are normally incongruent with business strategies. a) The IS department cannot be trusted to make good decisions. b) The IS department has not been trained to make general business decisions. d) Information systems are designed to support business objectives. c) The IS department does not have the company’s best interests as its focus.

Answers

Answer:

d) Information systems are designed to support business objectives.

Explanation:

Information system can be defined as a set of components or computer systems, which is used to collect, store, and process data, as well as dissemination of information, knowledge, and distribution of digital products.

Generally, it is an integral part of human life because individuals, organizations, and institutions rely on information systems in order to perform their duties, functions or tasks and to manage their operations effectively. For example, all organizations make use of information systems for supply chain management, process financial accounts, manage their workforce, and as a marketing channels to reach their customers or potential customers.

Additionally, an information system comprises of five (5) main components;

1. Hardware.

2. Software.

3. Database.

4. Human resources.

5. Telecommunications.

Hence, general managers (GMs) are required by standard to take an active role in decisions concerning information systems (IS). This is quite essential and vital because information systems (IS) are designed to support business objectives and decisions pertaining to an organization.

The entry to record the amortization of a premium on bonds payable on an interest payment date would Group of answer choices a debit to Premium on Bonds Payable and a credit to Interest Revenue a debit to Interest Expense and a credit to Premium on Bond Payable a debit to Interest Expense and Premium on Bonds Payable and a credit to Cash a debit to Bonds Payable and a credit to Interest Expense

Answers

Answer:

a debit to interest expense and premium on bonds payable and a credit to cash

Explanation:

Based on the information given The Appropriate journal entry to record the AMORTIZATION OF A PREMIUM ON BONDS PAYABLE ON AN INTEREST PAYMENT DATE will include: a DEBIT TO INTEREST EXPENSE and PREMIUM ON BONDS PAYABLE and a CREDIT TO CASH

Debit Interest expense

Debit Premium on bonds payable

Credit cash

(To record the amortization of premium on bonds payable on an interest payment date)

A company has the following inventory data: July 1 Beginning inventory 20 units at $19 $ 380 7 Purchases 70 units at $20 1,400 22 Purchases 10 units at $22 220 $2,000 A physical count of merchandise inventory on July 30 reveals that there are 32 units on hand. Using the FIFO inventory method and a periodic inventory system, the amount allocated to ending inventory for July is

Answers

Answer:

$820.

1022=220; 3020=600;

220+600=820

what is warehousing and a warehouse​

Answers

Answer: See explanation

Explanation:

Warehousing refers to the act of storing goods which will then be distributed later or sold. Companies normally have a room or building where they keep their goods and such place are designed for storage.

The Functions of Warehousing include:

• Storage

• Purchasing of goods

• Inventory management.

• Materials handling, and packaging.

On the other hand, a warehouse refers to the building that is used for storing goods and making them available later when they are needed.

A company is considering the purchase of a new machine for $48,000. Management expects that the machine can produce sales of $16,000 each year for the next 10 years. Expenses are expected to include direct materials, direct labor, and factory overhead totaling $8,000 per year plus depreciation of $4,000 per year. All revenues and expenses except depreciation are on a cash basis. The payback period for the machine is 12 years. True False

Answers

Answer:

False

Explanation:

Annual cash inflow = Sales revenue - Cash expenses

Annual cash inflow = $16,000 - $8,000

Annual cash inflow = $8,000

Cost of machine = $48,000

Payback period = Cost of machine/Annual cash inflows

Payback period = $48,000/$8,000

Payback period = 6 years

So, the payback period for the machine is 6 years.

Mr. Branson is the CEO for a social media firm and works with his office door closed. At the same time every hour he opens the door to see what his employees are doing. The employees have learned to work especially hard during the five minutes before and while the door is open. Their work pattern is typical of responses that are reinforced on a ________ schedule

Answers

Answer:

fixed-interval

Explanation:

Fixed interval schedule of monitoring by Supervisors in a workplace is the used of a fixed time to evaluate the activities that are happening in an organisation.

For example in this case Branson is at the same time every hour he opens the door to see what his employees are doing.

However they only work hard when the door opens and relax afterwards.

The main disadvantage of fixed interval schedule is that responses are high at the point of monitoring and declines afterwards.

The best option will be to use a random schedule that way the respondents will always be doing their best in case they are being monitored

Alberto is a lawyer and needs to calculate how much to charge a client for his services. He charges $225 for each hour. He spent 2 1/4 hours consulting with the client, 4 1/2 hours researching the client’s case, 3 hours negotiating with the other party’s lawyer, and 3 1/2 hours drawing up and filing court papers. How much will he charge?

Answers

Answer:

$2,475

Explanation:

Consulting with the client = 2 1/4 hours

Researching the client’s case = 4 1/2 hours

Negotiating with the other party’s lawyer = 3 hours

Drawing up and filing court papers = 3 1/2 hours

Total hours = 2 1/4 + 4 1/2 + 3 + 3 1/2

= 9/4 + 9/4 + 3 + 7/2

= (9+9+12+14) / 4

= 44/4

= 11 hours

Total hours = 11 hours

Charges per hour = $225

Total charges = Charges per hour × Total hours

= $225 × 11

= $2,475

Total charges = $2,475

You hold currency from a foreign country. If that country has a higher rate of inflation than the United States, then over time the foreign currency will buy a. more goods in that country and buy more dollars. b. more goods in that country but buy fewer dollars. c. fewer goods in that country but buy more dollars. d. fewer goods in that country and buy fewer dollars.

Answers

Answer:

d. fewer goods in that country and buy fewer dollars.

Explanation:

In the case when the currency is hold from the foreign country and if the country contains the high inflation rate as compared with the united states so here the less goods in that country should be purchased at less dollars that means it shows the positive relationship between the goods and the dollars value

Therefore as per the given situation, the option d is correct


What country have a sand​

Answers

america, portugal, and brazil

Your boss at work is known as a one-solution-fits-all problems type manager. This approach to problem solving is most characteristics of Group of answer choices younger adults. older adults. individuals experiencing terminal decline. concrete operational thinkers.

Answers

Answer:

older adults.

Explanation:

From the question we are informed about an instance whereby your boss at work is known as a one-solution-fits-all problems type manager. This approach to problem solving is most characteristics of older adults. One-solution-fits-all problems approach can be regarded as problem solving approach whereby there is standard approach to all problems, in this case it is not tailored to individual problem needs. The style and approach that is used by that particular manager in solving problems in that particular organization will fit in to solve all related problems that could surface.

justify why a perfect market is unrealistic​

Answers

aaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa

                                               

This is a receipt for a purchase made at a restaurant in Sacramento, California. The total cost of the food and drinks before taxes was . The buyer paid in sales tax. Based on the receipt, Sacramento has a sales tax rate of .

Answers

Answer:

Total bill = $10.00Sales tax = $0.85Sales tax rate = 8.5%

Explanation:

According to the receipt in question, the buyer paid a total bill of $10.00.

Buyer also paid a sales tax of $0.85.

The total cost of the food was $10.00 and a sales tax of $0.85 was paid.

The sales tax is based on the amount paid so the sales tax rate is the percentage of $10 that $0.85 is.

= Sales Tax / Total bill * 100%

= 0.85 / 10 * 100%

=  0.085 * 100%

= 8.5%

Answer:

1- B) $10.00

2- A) $0.85

3- B) 8.5%

Explanation:

I did it on edge and got it right

Other Questions
If you deposit $ 1000 per month into an investment account that pays interest at a rate of 9% per year compounded quarterly.how much will be in your account at the end of 5 years ?assume no interpriod compounding (a)There are 33 liters of orange juice at a school party. 1010 students want to drink all of the orange juice, and they all want to get exactly the same amount. How much orange juice can each get? ___litersEnter your answer as a fraction or a mixed number.(b)Write a number sentence that represents the problem.___________ = __________ In the first box write an equation like 1+11+11+1 . In the second box, write your answer.PLS DON'T FOR GET TO DO PART B TOO I AM BEGING YOU! The area of the rectangular floor in Tamara's room is 95 5/6 squarefeet. The width of the room is 8 1/3 feet. What is the length of Tamara'sroom? The storage space in a moving truck is shaped like a rectangular prism. It has a total volume of 16 cubic meters. The height and width are both 2 meters less than the depth. What are the dimensions of the storage space? Which statement accurately describes the difference between short-term and long-term capital gains in terms of taxes? A. Long-term capital gains are from investments that have been held for more than one year and are taxed at a lower rate than short-term capital gains. B. Long-term capital gains are from investments that have been held for at least six months and are taxed at a lower rate than short-term capital gains. C. Long-term capital gains are from investments that have been held for more than one year and are taxed at a higher rate than short-term capital gains. D. Long-term capital gains are from investments that have been held for at least six months and are taxed at a higher rate than short-term capital gains. Solve for t.3t= -8.16 Audrey is appointed as a research director at a well-known pharmaceutical company. She is asked to design a set of research studies that will test the effectiveness of the drugs that are being manufactured by the company. To ensure that experimenter bias and research participant bias do not influence the results, Audrey should design a set of Read the excerpt from Ovids "Pyramus and Thisbe".Pyramus had lefta little later than his Thisbe had,and he could see what surely were the tracksof a wild beast left clearly on deep dust.His face grew ashen. And when he had foundthe bloodstained shawl, he cried: "Now this same nightwill see two lovers lose their lives: she wasthe one more worthy of long life: it's Iwho bear the guilt for this.Which statement best describes how the order of events creates tension? Tyrone's bowling scores for the first four games of the season were 120,123,105, and 109. He wants to increase his mean score to 125. What score does Tyrone need in the fifth game so that his mean score is 125? Explain your reasoning or show all of your work. Choose all the scenarios below that would cause a decrease in the supply of labor in the agricultural industry.a. More women are entering the workforce in all industries in the United States. b. As the population in the United States ages, fewer workers have the physical ability to work in the industry. c. As the economy expands, so does the need for janitors and cleaning staff employees, causing the wage for nonskilled workers in the cleaning industry to rise. d. Due to global warming, working conditions on farms have become undesirable for more and more people. e. The adoption of strict immigration laws reduces the number of legal and illegal immigrants in the United States. f. There is an increase in the use of biofuels in the United States, which drives up the demand for corn and soybean crops. g. The government passed a new plan to provide government-funded health care for all workers in the agricultural industry. h. New machinery is replacing workers in the harvesting of crops. the rows from left to right in the periodic table is called what What is 4-3 written in expanded form? Darrell builds and sells bookcases to earn money. He earns $20 for each bookcase he sells. The more bookcases he sells, the more money he earns. What is the dependent variable in this situation? 96 sq meters 144 sq meters84 sq meters102 sq metersPls show work I get different answers from people every time Jaideep changes $12 000 into euros () to buy land in another country.The exchange rate is 1 = $1.33.Calculate the number of euros Jaideep receives.A farmer sold food grains for 9200 rupees through an agent. The rate of commission was 2%. How much amount did the agent get?The price of a machine depreciates at 10% every year. If the present value of the machine be Rs.100000, what will be its value after 3 years?Lucinda invests $500 at a rate of 5% per year simple interest. Calculate the simple interest Lucinda has after 3 years.PLEASE GIVE ANSWERS TO THESE QUESTIONS REALLY QUICK Xc sut thng k: Ngi ta tng kt cc phng php chn on d dy t trng. Trn lm sng chn on ng 60%; X-quang 70%; ni soi 80%. Kt hp c 3 phng php th kh nng chn on ng l bao nhiu? Tim has 5 yellow and 10 blue marbles in a bag. What isthe probability of choosing a yellow marble from thebag? Which of the following processes transfers carbon directly from sea water to sea plants solve these simultaneous linear equation3x - 4y = 16x + 7y = 13 Think for a moment about driving down the street alone in your car when all of sudden you see a car flipped over in the middle of the street, the car is leaking some sort of fluid, you cant tell what it is yet but it doesnt look good and the driver is alone and not moving. What would you do?