Jonathan just graduated college and can expect monthly loan payments of $405. His new job provides him with an annual salary of $36,000. What is his debt‐to‐income ratio?
If Jonathan's monthly loan payment is $405 that that's is only debt, solve to find his monthly income first.
$36,000/12 = $3,000 Jonathan's debt to income ratio is $405 (debt)/ $3,000 (income).
The debt to income ratio is solved by dividing your monthly expenses by your monthly income $405/$3,000 = 7.41% is Jonathan's debt to income.
What is the acceptable debt‐to‐income range for student loans and does Jonathan’s fall within that range? This seems like a fairly low debt to income ratio for students loans because it only takes up a small percentage of Jonathan's monthly income.
Hollis industries produces flash drives for computers, which it sells for $20 each. each flash drive costs $13 of variable costs to make. during april, 1000 drives were sold. fixed costs for march were $2 per unit for a total of $1000 for the month. how much is the contribution margin ratio?
The contribution margin ratio for Hollis Industries is calculated by subtracting the variable cost of making each flash drive from the sales price and then dividing the result by the sales price. It amounts to 35% for Hollis Industries.
Explanation:The question asks how to calculate the contribution margin ratio for Hollis Industries, which sells flash drives. The contribution margin ratio is calculated by subtracting the variable cost per unit from the sales price per unit and then dividing that number by the sales price per unit.
The sales price per flash drive is $20, and the variable cost per unit is $13. Therefore, the contribution margin per unit is $20 - $13 = $7. To calculate the contribution margin ratio, you divide the contribution margin per unit by the sales price per unit, which would be $7 / $20 = 0.35 or 35%.
Note that the fixed costs mentioned in the question are not used in calculating the contribution margin ratio. Fixed costs are relevant for other analyses, such as determining break-even points or net profit, but not for the ratio itself.
The cyclical approach is used to calculate gross domestic product.
True
False
Leslie is a newly graduated certified public accountant with a specialty in corporate tax. she wishes to join an organization (not an accounting firm) that will allow her to concentrate on corporate tax and become deeply proficient in this area. leslie should look for a position in a firm with a ______ structure. select one:
a. simple
b. functional
c. multidivisional
d. network
In order to achieve her goal of concentrating on corporate law, the type of structure that Leslie should join is B. Functional.
What is a functional structure?This refers to when departments in a company are created based on their functions in the organization. For instance, account departments, legal departments, and marketing departments.
Joining the legal department would allow for Leslie to focus on corporate law and learn more about it such that she develops proficiency in it.
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In a contract, what is consideration? A. Exchanging things of value B. Breaching the contract C. A business tort D. The minimum age for the contract Please select the best answer from the choices provided A B C D
What percentage of your income after you retire will probably come from social security and from your employer?
After someone retires, you can expect to get 35 percent of your income from social security and your employer. As, while someone was working they take 35% from his income and give that back while retirement.
What is the definition of retirement planning?Retirement planning is the process of putting money aside, investing it, and then distributing it in order to live well in retirement. Many popular investment vehicles, such as individual retirement accounts (IRAs) and 401(k)s, allow retirees to grow their money while benefiting from certain tax benefits.
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Ross Bergen is considering a certain corner location for his sandwich shop. If he surveys people passing the corner at lunchtime, which of the following questions will give him the most useful information? A. Do you prefer turkey or ham on your sandwiches? B. Do you often walk by this corner? C. Wouldn't you prefer a fresh sandwich to fast food? D. Would you be interested in a new place to eat lunch?
A(n) ________ veto allows the governor to cross out budget lines in the legislature-approved budget, while signing the remainder of the budget into law.
A vote with a 2/3 majority is required to veto the government. The line-item veto allows governors to veto a line or certain clauses in a measure while allowing the rest of the bill to become law.
Line-item vetoes, also known as partial vetoes, are the ability of an executive branch member to veto certain elements of a bill, typically a budget appropriations bill, without blocking the entire legislative package.
Elazar argues that a traditionalistic political culture views the government as essential to preserving the current social order, or the status quo, given the significance of slavery in its construction.
A complete law passed by the legislature is subject to the governor's veto power under every state constitution. several constitutions broadenthe executive's veto authority by allowing veto mechanisms that allow specific provisions of a measure to be rejected or amended.
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The quantity of u.s. dollars demanded in the currency market depends in part on:
(last word) people who buy foreign currency for the sole goal of selling it at a profit are called:
A person who buys foreign currency with the sole aim of selling it at a profit is called a currency speculator. They operate in the foreign exchange market, buying currencies that they predict to appreciate and selling those they believe will depreciate.
Explanation:People who buy foreign currency with the sole aim of selling it for a profit are called currency speculators. In the foreign exchange market, speculators invest in currencies that they predict will grow stronger, and sell those which they predict will grow weaker. This speculation can create a self-fulfilling prophecy where an expected appreciation leads to a stronger currency and vice versa.
For instance, currency speculators could be involved in currency pair trading where they expect that currency A will appreciate relative to currency B. As a result, they would buy currency A (expecting its value to rise) and sell currency B (predicting its value to fall). This is influenced by several factors like differences in rates of return, geopolitical events, economic indicators among others.
While speculation can influence exchange rates in the short term, it’s important to note that such trading is risky as market conditions can quickly change due to various global events and economic factors.
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In the State of Florida if you are convicted for unlawful speeding that results in a collision you will be assessed ______ points. 3 4 6 5
Answer
In the state of Florida, if you are convicted for unlawful speeding that resulted in a collision; you will be assessed 6 points.
Explanation
It is vital a driver understands the working of the point system so as to keep maintaining a clean driving record. The points are given per the infraction depending on the severity of the offense. For example , the license suspension parameter and time period for 12 points is 30 days.
What is a reason why someone would use a secured credit card?
Question 9 options:
A) to have every purchase guaranteed with a 5 year warranty
B) To purchase goods in another country
C) To help overcome a bad credit history
D) To get more frequent flyer miles or rewards from the credit card company
In the spring, james likes to spend afternoons at the park. what is his opportunity cost of him doing this? no opportunity cost since he is doing an activity he enjoys the opportunity cost is the value of the next best alternative of his time - how he would spend his afternoons if he wasn't at the park the opportunity cost is the value of the sum of all other things he could do instead of going to the park
Answer:
The correct answer is A, No opportunity cost since he is doing an activity he enjoys.
Explanation:
In springs, James like to spend his afternoons in the park. This is his routine and he goes to the park in his spare time to get some enjoyment and relaxation. So he is not leaving anything behind in order to get this relaxing time. Since this is his spare time, there is no opportunity cost involved in his this activity. Rather he is enjoying this time and getting relaxed.
Explain four ways your personal financial condition can affect your housing choice.
sam, the owner of a small company, learned that a competitor was planning to spend $150,000 on promotion in the next financial year. as soon as he learned this, sam called his finance manager and said, "i want to spend $150,000 on promotion next year." in this case, which method of promotional budgeting does sam use
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Scenario: In one year, a bank pays 2% interest on a $1,000 deposit. The same year, the bank charges 12% interest on a $1,000 loan. How much profit does the bank make at the end of the year in this scenario? $100 $120 $140 $2,000
Answer:
100
Explanation:
i just took the test and got it correct
Why does the government provide public goods and services, redistribute income, protect property rights, and resolve market failures in market economic systems?
The government provides public goods, protects property rights, redistributes income, and corrects market failures to ensure that essential services are available to all and to maintain a fair and secure economy. It balances the market's strengths and weaknesses with government action, recognizing both the necessity and imperfection of intervention.
Explanation:The government provides public goods and services, redistributes income, protects property rights, and resolves market failures in market economic systems for various reasons. Firstly, the free market does not always supply certain goods and services such as roads, national security, and education, which are essential for a functioning society; thus, the government steps in to provide these as public goods. Moreover, the government aims to create equity and security in the economy through redistribution of income, to ensure that even those in poverty have access to essential services and to mitigate the wealth gap.
Secondly, the government secures property rights which are fundamental to economic transactions and investments. Ensuring that individuals can claim ownership over their assets enables a more efficient and predictable market. Additionally, the government intervenes in cases of market failures, such as monopolies and negative externalities, by regulating industries and implementing policies to correct inefficiencies and protect the public interest.
It's acknowledged by economists that while government intervention is necessary for addressing market problems, such intervention is also imperfect and may not always align with majority preferences. Thus, an informed balance needs to be struck, recognizing both the abilities and limitations of markets and government in creating public policy. This understanding is crucial to managing a market economy effectively, without exclusively idealizing or demonizing one over the other.
Miranda works at a small-batch soda pop manufacturing plant. for eight hours a day, she uses her right hand to lift individual bottles of soda pop off the production line and place them in packing crates. lately her right elbow has been hurting, so she visited her doctor, who diagnosed her with _______.
What are the steps in preparing and passing the federal budget?
Suppose you operate a factory producing lawn mowers. your current level of output is 500 lawn mowers per week. your weekly variable cost is $30,000. if your total cost is $40,000 per week, it follows that:
a.the average variable cost of production is $80.
b.the average cost of production is $80.
c.the average fixed cost of production is $80.
d.the average variable cost of production is $100.
You receive an email from someone who claims to be a representative from your credit card company. The email asks you to click on a link to reset your password to the company's website. You should proceed with caution because the email may be a(n) _______ attempt.
Erp is software designed for _____ and ______ business processes.
ERP is software designed for integrating and optimizing business processes.
ERP, or Enterprise Resource Planning, is software designed for integrating and optimizing business processes across various departments within an organization. It enables seamless communication and data flow between different functions such as finance, human resources, supply chain, and manufacturing. By providing a unified system, ERP enhances efficiency, reduces redundancies, and ensures that all departments have access to real-time information. This integration facilitates better decision-making, improves overall productivity, and streamlines operations. Additionally, ERP systems can be customized to meet the specific needs of different industries, making them versatile tools for both large enterprises and small to medium-sized businesses.When tina stepped up to serve as the organizer for the sustainability committee's organizational meetings, she decided to get the group organized by having anyone who was interested join her for an open forum where they could help define the group's mission, identify problems, and brainstorm some actions they could take to help their campus go green. what leadership style was tina using?
Free contract is the _____.rivalry among sellers to attract customers while lowering costs concept that people may decide what agreements they want to enter into concept of giving everyone the same legal rights concept that individuals should not have to pay anything to enter into a contract
The free contract is the concept that people may decide what agreements they want to enter into. Thus the correct option is B.
What is a Contract?A contract is referred to as an agreement that is enforceable by law based on the consent of both the parties involved in the deal fulfilling all the elements of a valid contract.
Individuals are allowed to choose the kinds of contracts they want to enter into, according to the free contract theory. If there was no compulsion or fraud involved, the contract could be said to be free.
In the United States, the term "freedom of contract" refers to the legal recognition and protection of a wide range of private individual and business company decisions regarding the use of economic resources in pursuit of profits.
Therefore, option B is appropriate.
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The organizational unit that is responsible for the sale and distribution of goods and services is the
Which statement applies to the commodities exchange
Explanation:
Commodities Exchange is a Market, either physical or virtual, where different commodities are being traded with different volumes. Most commonly traded commodities which are traded physically are agricultural commodities, which may include Rice, Wheat, Corns, nuts, seeds, etc. Most commonly traded commodities, which are traded virtually through a system or software with the help of internet, may include Oil, Gold, Stocks, Silver, other precious metals, Soy, etc.
A large number of buyers and sellers are present in commodities exchange market. People buy and sell different commodities, derivatives, stocks, options, futures, spots etc.
Answer:dear God, i think the answer might be it has a set of regulations that must be followed
Explanation:
your marketing Target analyst does not have to include which of the following
Which of the following federal agencies prohibited advertisers from broadcasting commercials at a higher volume than the televised program during which they appear?
The four career pathways in Finance are:
A. Banking and Related Services, Insurance Services, Retail Sales, and Business Financial Management.
B. Securities Law, Insurance Services, Financial and Investment Planning, and Business Financial Management.
C. Banking and Related Services, Retail Sales, Securities Law, and Business Financial Management.
D. Banking and Related Services, Insurance Services, Financial and Investment Planning, and Business Financial Management.
Answer:
D is the answer
Explanation:
The correct answer is D. The four career pathways in Finance include Banking and Related Services, Insurance Services, Financial and Investment Planning, and Business Financial Management. These pathways are crucial for capital formation, risk management, and overall economic stability.
Explanation:The four career pathways in Finance are:
D. Banking and Related Services, Insurance Services, Financial and Investment Planning, and Business Financial Management.
Financial institutions play a critical role in the economy by offering various services that affect households and businesses. Banks and financial intermediaries coordinate supply and demand in the financial capital market, providing checking accounts, savings accounts, and certificates of deposit which are insured under the FDIC. This stability is crucial for both individual financial security and overall economic health.
Understanding the importance of savings and investment is vital for capital formation, which is the basis for economic growth. By investing in the stock market or other financial assets like bonds, stocks, mutual funds, individuals can diversify their portfolios to balance risk and potential return. The four finance pathways reflect a range of opportunities for professionals to guide and enhance saving, investment, and wealth management practices.
Insurance services provide protections against financial losses, which is a crucial aspect of personal financial planning. The pathway of Financial and Investment Planning focuses on assisting individuals in developing strategies to grow their wealth, manage risks, and prepare for retirement.
Lastly, Business Financial Management requires professionals to manage an organization's finances, ensuring long-term solvency and handling the strategic planning of the company's financial future.
A process cost system would most likely be used by a company that makes select one:
a. motion pictures.
b. repairs to automobiles.
c. breakfast cereal.
d. college graduation announcements.
What can happen to a business owner who has personal liability for their company?