Marcy has just gotten a promotion at work and she wants to buy a house. She currently pays $350 a
month for a car payment and $200 a month on her credit cards. She has a gross monthly income of
$4,000. Using the Debt Ratio Formula, calculate her potential maximum monthly house payment.

Answers

Answer 1

Answer:

$890

Explanation:

As per the 28/36 rule, Marcy can have debts not exceeding 36% of her gross income. If her gross income is $4000, her maximum debts should be 36% of $4000

=36/100 x $4000

=0.36 x $4000

=$1,440

Marcy has a $350 car payment and 200 credit payments every month.

current monthly payments

= $350 + $200

=$550

Marcy's loan limit is at $1440; current repayments total $550.

The maximum amount that can go to a housing loan is

=$1440 - $550

=$890


Related Questions

When required, the information provided to the data subject in a HIPAA disclosure accounting …



A. must be more detailed for disclosures that involve fewer than 50 subject records.


B. is limited to the information elements the data subject specifically requests.


C. is always the same, regardless of the number of records involved.


D. is at the discretion of the organization, given its accounting policies.

Answers

Answer:

A. must be more detailed for disclosures that involve fewer than 50 subject records.

Explanation:

The Health Insurance Portability and Accountability Act (HIPAA) of 1996 was a bill enacted by the 104th U.S Congress and was signed in 1996 by President Bill Clinton. It is a federal law that protects sensitive patient health information from being disclosed without their knowledge, approval or consent and payment of health care insurance for employees.

For example, an employee or worker can receive health insurance from his or her former employer even after changing job because of the Health Insurance Portability and Accountability Act (HIPAA).

When required, the information provided to the data subject in a HIPAA disclosure accounting must be more detailed for disclosures that involve fewer than 50 subject records.

When required, the information provided to the data subject in a HIPAA disclosure accounting must be more detailed for disclosures that involve fewer than 50 subject records. The correct option is a.

A disclosure accounting is required under HIPAA anytime an individual who is the subject of the disclosed PHI or their personal representative requests one. There are no restrictions on how frequently an individual may request a HIPAA disclosure accounting, and Covered Entities must produce the requested accounting within 60 days of receiving the request.

An individual may request an accounting of disclosures for any time during the last six years; however, due to the administrative difficulty of recording every disclosure, Covered Entities are not required to furnish details of every disclosure in the account.

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Simon purchases a bond, newly issued by Amalgamated Corporation, for $1000. The bond pays $60 to its holder at the end of the first and second years and pays $1,060 upon its maturity at the end of the third year. a, What are the principal amount, the term, the coupon rate, and the coupon payment for simon`s bond? b, After recieving the second coupon payment (at the en of the second year ), simon decides to sell his bond in the bond sell market. what price can he expect for his bond if the one-year interest rate at the time is 3 percent? 8 percent? 10 percent? c, Can you think of a reason that the price of simon`s bond after two years might fall below $1000, even though the market interest equals the coupon rate?

Answers

Answer and Explanation:

The computation is shown below:

a. The principal amount is $1,000

The term is 3 years

The coupon rate is 6%

So, the coupon payment is

= $1,000 × 6%

= $60

b. At the closing of the second year, the remaining amount i.e. paid should be

= $1,000 + $60

= $1,060

Now if the rate of interest is 3%

So, the amount of $1,060 one year from today is

= $1,060 ÷ 1.03

= $1,029

And, if the rate of interest is 8%

So, the value of the bond today is

= $1,060 ÷ 1.08

= $981

And, if the rate of interest is 10%

So, the amount of the today bond is

= $1,060 ÷ 1.10

= $964

c. In the case of the bad news related to the amalgamated corporation

that results in the financial investors to have terror that the firm may be go to bankrupt because of non -payment of debt. In the case when the amount of $1,060 is not made so the financial investor would not be pay $1,000 as they are well known that they can earn 6% without have any risk

Why is previous work experience important when getting a job?

Answers


Job experience will help you determine whether in the future the place or sector is somewhere you see yourself.

Answer: The other person was right, go ahead an' mark them brainliest ;b

ON
Did you follow the tips from a successful businessman or practitioner before you engaged in your business​

Answers

Answer:

Indeed, prior to starting my commercial activities in my business, I was advised on how large entrepreneurs carried out their activities, and on the tips that they gave regarding how to manage and organize the business.

This gave me the tools to organize my business in the most effective way, avoiding common beginner mistakes when using commercial strategies that have already been tested by successful entrepreneurs.

Complete this analogy: The computer is to hardware as a productivity program is to _____.
A)mindware
B)middleware
C)software retail

Answers

Answer:

3. Software

Explanation:

Describe careers in personal care.

Answers

Personal care careers;

Animal Care & Service Workers

Barbers, Hairdressers & Cosmetologists

Childcare Workers

Fitness Trainers & Instructors

Funeral Directors

Gaming Services Workers

Home Health Aides & Personal Care Aides

Manicurists & Pedicurists

Massage Therapists

Recreation Workers

Skincare Specialists

Travel Agents

Type the correct answer in the box. Spell all words correctly. Which view in a presentation program displays your slides in full-screen mode? The ___ view in a presentation program displays your slides in full-screen mode.

Answers

Answer:

The view in a presentation program displays your slides in full-screen mode is Slide Show view

Explanation:

Just took the test on edmentum.

The ABC Corporation has purchased 50 pieces of a specially designed electronic component at $2,000 per unit. In the $2,000 selling price, $1,000 represents direct labor. Instead of an 80% learning curve, the supplier believes that either a 85% or 90% learning curve will be more indicative of what will occur in the future (starting at unit 51). What would be the unit cost of labor for the next 350 units using a 85% learning curve and a 90% learning curve?

Answers

Answer:

cumulative learning factor for 85% and 400 units = 127.6

cumulative learning factor for 90% and 400 units = 189.3

total labor costs for producing the next 350 units = labor cost for producing 400 units - labor cost for producing 50 units

85% learning curve:

total labor costs for producing 400 units = $1,000 x 127.6 = $127,600

total labor costs for producing 50 units = $1,000 x 50 = $50,000

total labor costs for producing the next 350 units = $127,600 - $50,000 = $77,600

labor cost per unit = $77,600 / 350 = $221.71

90% learning curve:

total labor costs for producing 400 units = $1,000 x 189.3 = $189,300

total labor costs for producing 50 units = $1,000 x 50 = $50,000

total labor costs for producing the next 350 units = $189,300 - $50,000 = $139,300

labor cost per unit = $139,300 / 350 = $398

Answer:

94.72

Explanation:

given data

time taken = 15 min

learning curve = 80%

solution

we use here formula for this task that is

T(n) = T ×     .............1

here T(n) is time taken for n unit and T is time for 1st hour and No is no of time and b is slope leaning

put here value for 25 we get

T(n) = 15 ×

b(25) = 0.355

as leaning curve coefficient table

as here with 80% leaning curve

unit timer coefficient = 0.355

so T(25) = 15 × 0.355

T(25) = 5.325 min

and

for 10 exam

leaning curve 80% co efficient is 6.315 from table

so T (10) = 15  ×  6.315

T (10) = 94.72 min

40.
differences such as insufficient electrical power and transportation systems
can present special problems for US firms when attempting to enter global markets
a. Physical and environmental
b. Legal and regulatory
c. Economic
d. Governmental

Answers

Answer:

a. Physical and environmental

Explanation:

Globalization can be defined as the strategic process which involves the integration of various markets across the world to form a large global marketplace. Basically, globalization makes it possible for various organizations to produce goods and services that is used by consumers across the world.

Basically, physical and environmental differences such as insufficient electrical power and transportation systems can present special problems for US firms when attempting to enter global markets.

Hence, when businesses are attempting to enter into global markets, it should have reasonable amount of informations about the general cultural factors driving global business such as global social norms, global communication and transportation technologies and global knowledge base. When starting up a business with the intention to break into the global market successfully, it is important and necessary to ensure the general cultural factors driving a business are well managed.

Furthermore, the business should ensure it creates;

I. A medium for effective communication by using both the traditional and digital media such as television, radio, billboards, blogs etc.

II. Efficient means of transportation or logistics should be developed for smooth export of their goods and services.

Juliet spends her day making copies for instructors, filing information for the dean, and recording minutes from meetings. Juliet most likely works in

a. Teaching.
b. Training.
c. Professional Support.
d. Administrative Support.

Answers

Explanation:

It would be B. training

got it correct ;)

please give Brainliest

Yuan is signing a letter of intent to attend the University of Oklahoma after getting a gymnastics scholarship offer. Which step of the decision-making process is Yuan engaged in?
A. Define the decision to be made
B. Brainstorm all possible choices
C. Consider the consequences
D. Select the best choice and act

Answers

Answer:

The answer is A

Explanation:

define the decision to be made

Yuan is signing a letter of intent to attend the University of Oklahoma after getting a gymnastics scholarship offer. Define the decision-to-be-made step of the decision-making process is Yuan engaged in. The correct option is A.

What is the importance of decision-making?

In order to assess decisions risks, decision-making abilities must be strong. They enable us to consider all of our options, weigh their advantages and disadvantages, and gauge the risk.

The process of choosing a course of action involves identifying a decision, gathering data, and weighing potential solutions. By organizing pertinent information and defining alternatives, a step-by-step decision-making process can assist you in making more deliberate, thoughtful decisions.

Thus, the ideal selection is option A.

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WILL GIVE BRAINLIEST

Select the correct answer from the drop-down menu.

Which type of college credit program does the statement describe?

In a(n) _______ program, students can get credit for their high school classes as long as they take specific courses that a college will accept as transfer credits at the college level.

options:

A. INTERNATIONAL BACCALAUREATE
B. ADVANCED PLACEMENT
C. DUAL CREDIT
D. ARTICULATED CREDIT​

Answers

Answer:

D.

Explanation:

Articulated credit let's you get credit from high school and transfer it to college.

Answer:

Its B

Explanation:

got it right

1. What is the attitude banks have toward being required to become members of the Federal Reserve System?

Answers

Answer:

The attitude banks have toward being required to become members of the Federal Reserve System is explained below in details.

Explanation:

Any country chartered bank (mutual or stock-formed) may enhance a segment of the Federal Reserve System. The twelve geographical Reserve Banks conduct state affiliate banks as members of the Federal Reserve System's commission to guarantee strength and endurance in the nation's indigenous businesses and banking system.

The chart indicates the tasks of three individuals working in the Agriculture, Food, and Natural Resources career cluster.

A 2-column table with 3 rows labeled Daily Tasks of Three Employees in Agriculture, Food, and Natural Resources. Column 1 is labeled Worker with entries Letitia, Jared, Duane. Column 2 is labeled Tasks with entries tends to the horses in the stables, rides on training courses for horses; works with local farms to supply food to stores, inputs tracking information into a computer system; analyzes water and soil samples, treats contaminated sites.

Which best describes the career pathways of each worker?

a.Letitia works in Animal Systems, Jared works in Food Products and Processing, and Duane works in Natural Resource Systems

b.Letitia works in Animal Systems, Jared works in Agribusiness, and Duane works in Environmental Service Systems

c.Letitia works in Natural Resource Systems, Jared works in Agribusiness, and Duane works in Plant Systems

d.Letitia works in Environmental Service Systems, Jared works in Plant Systems, and Duane works in Food Products and Processing

Answers

I believe the answer is B

Hope this helps you
Good luck

Answer:

b

Explanation:

if i am wrong i am. truly sorry

You are working on finding x in the diagram above. You come up with the equation: 9y + 7 = 2y + 98. Your friend who has just started Algebra is blown away and doesn't understand how you came up with the equation. Explain to your friend how you found the equation and how to solve it.

Answers

Answer:

Vertically Opposite angles

Explanation:

Required

Why is

[tex]9y + 7 = 2y + 98[/tex]

The relationship between 9y + 7 and 2y + 98 is that both angles are vertically opposite

In geometry, vertically opposite angels are equal

In other words, if a and b are vertically opposite angles, then a = b

So, we can say that:

[tex]9y + 7 = 2y + 98[/tex]

because they are vertically opposite

There are 10,000 shares of $20 par value cumulative 7 percent preferred stock outstanding, and 90,000 shares of common stock outstanding. Last year, the preferred stock did not receive its dividend because of a loss. This year, dividends of $50,000 are distributed to shareholders.

Answers

Answer:

Since the preferred dividends are cumulative, any dividends not paid last year will be paid this year before any common dividends are paid.

Preferred dividends = 10,000 x $20 x 7% x 2 = $28,000

Dividends per preferred stock = $28,000 / 10,000 = $2.80

Common stocks dividends = $50,000 - $28,000 = $22,000

Dividends per common stock = $22,000 / 90,000 = $0.24

The value of the preferred dividends will be $28000 and the dividends will be $2.80.

From the information given, it should be noted that the preferred dividends will be calculated thus:

= 10000 × 20% × 7% × 2

= 10000 × 0.2 × 0.07 × 2

= $28000

Dividend per preferred stock will be:

= $28000/10000

= $2.80

The common stocks dividend will be:

= $50000 - $28000 = $22000

The dividend per common stock will be:

= $22000/90000 = $0.24.

Preferred stock is 2.80 and common stock is 0.24.

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2. What is the name of the tendency for your body to stay “in motion" through the air ​

Answers

Answer:

please mark as brainliest

Explanation:

ans: Inertia

Inertia is the tendency of a body in motion to remain in motion through the air.

The name of the tendency where the body has to stay in motion via the air is inertia.

The following information related to the inertia is:

It is the resistance with respect to the physical object along with its velocity. It involved the speed variation or the motion direction.It is the object's tendency where it remains to move in the straight line having the same speed at the time when no force is acted.

Therefore we can conclude that the name of the tendency where the body has to stay in motion via the air is inertia.

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_____ create computer programs by using their knowledge of computer science, math, and other disciplines. Select the choice that best answers the question. A. Engineers B. Software designers C. Blue-collar workers D. Computer technicians

Answers

Answer:

B. Software designers

Explanation:

Software designers create new ideas and develop them into user-friendly computer software. They are also known as software developers. They apply computer coding and programming skill to perform their functions. Software designers create computer games, operating systems, and other software programs. They also design programs customized to meet specific customer requirements.

What does good customer service include?

Answers

Answer:

Before entering an interview for a customer service job, get a handle on what good customer service means to you. Good customer service typically means providing timely, attentive, upbeat service to a customer, and making sure their needs are met in a manner that reflects positively on the company or business. Explanation: it is

Answer:

Great customer service means following best practices like valuing customers' time, having a pleasant attitude, and providing knowledgeable and resourceful resources, but that you also take things a step further to exceed — rather than just meet — expectations.

Explanation:my mom works for customerservice

Explain the various segments of the NSE

Answers

Answer:

NSE provides trading in the following two segments (i) Whole Sale Debt Market Segment This segment provides a trading platform for a wide range of fixed income securities that include central government securities, treasury bills, state development loans, bonds issued by public sector undertakings, floating rate bonds, ...

what is logistics? plz answer

Answers

Answer:

the detailed coordination of a complex operation involving many people, facilities, or supplies.Explanation:

if you are buying a home which type of lender would you choose to obtain a loan from?

Answers

Answer:

The Vedas were a collection of Aryan religious writings.

Explanation:

The Vedas were a collection of Aryan religious writings.

The Vedas were a collection of Aryan religious writings.

The Vedas were a collection of Aryan religious writings.

Credit. Credit activity and scores have a major impact on mortgage approvals and may influence the type of home loan and interest rate you receive. ...
Debt. ...
Income. ...
Employment. ...
Assets. ...
Down Payment.

Can someone tell me what type of business case 1 is and case 2 is

Answers

Answer:

It sa

Explanation:

Jill bought 100 shares of stock at $12.44 per share and sold them for $13.11 per share. Her ROI was ____%. (Round percentages to one decimal place.)

Answers

Answer:

5.4%

Explanation:

Return on investment is a ratio expressing the income as a percentage of invested capital.

The formula for ROI= Net Income / Cost of Investment

in this case

net income = Shares selling price - Buying price

net income= ($13.11 x 100)  - ($12.44 x 100)

net income = $1311 - $1244

net income =$67

ROI =$67/1244 x 100

ROI=0.053 x 100

ROI= 5.4%

This table can be used to organize Gigi’s credit card balances and payments over 6 months. The annual percentage rate on the credit card is 14%. Gigi’s Credit Card Payments Month Balance Payment Interest Rate Interest Charged 1 $650 $300 0.01167 $4.08 2 $354.08 $50 0.01167 3 $307.63 $50 0.01167 4 $260.64 $50 0.01167 5 $213.10 $50 0.01167 6 $165 $50 0.01167 What is the amount of interest charged for the first 6 months? $

Answers

Answer:

-16.34

Explanation:

Disclaimer: I am not sure, sorry. It might be -16.34, 16.34, or 15.75. Once again, sorry.

Answer:

$16.34

Explanation:

HAVE A GOOD DAY!!!!

Most Solutions, Inc., issued 10% bonds, dated January 1, with a face amount of $640 million on January 1, 2018. The bonds mature in 2028 (10 years). For bonds of similar risk and maturity the market yield is 12%. Interest expense is recorded at the effective interest rate. Interest is paid semiannually on June 30 and December 31. Most recorded the sale as follows: January 1, 2018 Cash (price) 566,589,440 Discount on bonds (difference) 73,410,560 Bonds payable (face amount) 640,000,000

Answers

Answer:

The requirement is missing, so I looked for similar questions and found that the requirement was:

What would be the amount(s) related to the bonds that Most would report in its statement of cash flows for the  year ended December 31, 2018?

In the statement of cash flows, you report cash inflows or outflows.

Since the company received $566,589,440 when they issued the bonds, that amount should be included in the cash flows from financing activities section.

Depending on which method you use to report the operating cash flows, you should include the coupons paid, or not. If you use the direct method, then you should include the coupon payments as part of the operating cash flows. But if you use the indirect method (which is the most commonly used method), the coupons have already been included as an expense in the income statement, so you do not need to include them in the cash flow statement.

Latasha Jones decided to go into business for herself. As a talented Web designer, she decided to open a small consulting firm with $5,000 of her own money, for which she received common stock. Latasha borrowed $500 from her best friend to help get the business started, and in exchange, she gave her friend an I-owe-you (IOU). The company bought a state-of-the-art desktop computer, complete with the accessories and software needed to get the business off the ground, at a total cost of $6,000. The business required a separate phone line, which cost $450. Then, the company put an advertisement in the local newspaper, at a cost of $45 per month for weekly ads. The company was ready to go. There are 5 transactions and all of the payments were cash.

Answers

Answer:

Operating transactions are those that have to do with the normal day to day operations of the business such as expenses and revenue.

Investing activities have to do with transactions involving capital goods(fixed assets) as well as investments into the securities of other businesses.

Financing activities concern the provision of capital to the business to finance operations. It involves equity and debt.

FINANCING TRANSACTONS

1. $5,000 used to open the Consulting firm from Latasha's own money.

2. $500 borrowed from her best friend.

INVESTING TRANSACTIONS

1. $6,000 spent on state-of-the-art desktop computer (fixed asset).

OPERATING TRANSACTIONS.

1. Separate phone line which cost $450.

2. Advertisement in local newspaper of $45.

The beginning part of the question is;

Identify the transactions from the following story. For each, identify the transaction as operating, investing, or financing.

1. Financing transactions involves the provision of capital to finance the business operations. Examples are debt and equity.

$5,000 used to open the Consulting firm from Latasha's own money. $500 borrowed from her best friend.

2. Operating transactions are those daily(routine) operations of the business which includes expenses and revenue.

Separate phone line which cost $450.  Advertisement in local newspaper of $45                                  

3. Investing transactions are concerned with investment of capital goods(fixed assets) in the business and also investments into securities of other businesses.

$6,000 spent on state-of-the-art desktop computer (fixed asset).

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The No Doze Cafe coffee shop sells 50 different types of coffee to its patrons. It costs $4 for a cup of coffee. Each day it sells on average 500 cups of coffee. On the weekends it sells closer to 1000 cups of coffee. Here is a breakdown of the shop’s expenses per cup of coffee: Variable Costs Item Amount Coffee/Water $1.50 Paper Cup $0.30 Sweetener $0.20 Fixed Costs Item Amount Labor $100/day per employee Store Space Rent $800/month If the shop sells 1000 cups on Saturday and there are 3 employees working, what is Saturday’s contribution margin?

Answers

Answer:

The right response is "$2". A further explanation is given below.

Explanation:

Here Price per cup will be:

= $4 and Variable cost per cup

= cost of coffee + cost of sweetener + cost of paper cup

= [tex]1.5 + 0.3 + 0.2[/tex]

= [tex]2[/tex] ($)

The contribution of margin will be:

⇒ [tex]Contribution \ margin = Price - Variable \ cost[/tex]

On putting the values, we get

⇒                                     [tex]=4-2[/tex]

⇒                                     [tex]=2[/tex] ($)

difference between service-orinated and level wise profession? ​

Answers

Here is your genuine answer

Which should Jill do to increase her credit score?
Open new credit card accounts.
Use at least 70% of her credit limit.
Pay off her credit card debt.
Skip a credit card payment.

Answers

Answer:

Pay off her credit card debt.

Explanation:

A credit score is indicative of one's history of loan repayments.  A high credit score communicates that the borrower has been timely in paying their loans.  It tells that an individual has been responsible when using credit facilities.

A low credit score says that the customer is often late in repaying their loans. If Jill wants to improve his credit score, he should clear all his outstanding debts.

Answer:

C. Pay off her credit card debt.

Explanation:

Edge.nuity  2020

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