User Account

All Pages

What is sean calculated debt-to-income ratio

Assignment Help Business Economics
Reference no: EM133129607

Sean earns $7,000 a month. He pays $3,000 for entertainment, food, utilities, and transport and saves $500. His mortgage payment is $600. His credit card payment is $400, and his auto loan payment is $500.

The formula for debt-to-income ratio is as follows:

Debt-to-Income Ratio = (Total Required Debt Payments ÷ Gross Income) × 100

What is Sean's calculated debt-to-income ratio?

Reference no: EM133129607

Questions Cloud

Why can total sales revenue : Why can total sales revenue also be referred to as explicit revenue?
Identify top products exported from canada to europe : Using your research skills, identify top products exported from Canada to Europe. Include your citation (the source of your research) to back up your findings.
What is this bond yield to maturity : A coupon rate of 4%, and six years remaining to maturity. If interest is paid semi-annually, what is this bond's yield to maturity
Determining the conclusion of email acceptances : Determining the conclusion of email acceptances is the first basis for extending the use of the postal acceptance rule to email contracts
What is sean calculated debt-to-income ratio : Sean earns $7,000 a month. He pays $3,000 for entertainment, food, utilities, and transport and saves $500. His mortgage payment is $600. His credit card paymen
Calculate the rate charged per hour of labour : The company wants a $40 profit margin per hour of labour and a 20% profit margin on parts. Calculate the rate charged per hour of labour
What is your estimate of the firm net income : The S&H Construction Company expects to have total sales next year totaling $15,200,000. What is your estimate of the firm net income
Please record the required journal entries : The notes allow customers a two-year period to pay with an interest rate of 4%. Please record the required journal entries
Describe the six steps in crisp-dm data mining process : Describe the six steps in CRISP-DM Data mining process - Identify and describe the three sequential tasks in the Text mining process

Reviews

Write a Review

Business Economics Questions & Answers

  What factors can contribute to unemployment

For this week's assignment you will create a financial plan to be prepared for economic fluctuations. What factors can contribute to unemployment? How can technology lead to greater unemployment, or is it a benefit to the economy? Can inflation cause..

  How is this relevant to investors and consumers in australia

In the UK and the US there is a shortage of truck drivers that is affecting the supply chain. How is this relevant to investors and consumers in Australia?

  What factors in technological segment

What factors in technological segment can have significant impact on U.S. restaurant industry? How does each of these factors shape the growth and changes of the industry? What are the future trend of each factor and the resulting changes of the indu..

  Implications of bittorrent for the music industry

What are the implications of BitTorrent for the music industry? For the motion picture industry?

  Explain the long-run effects of the guiding function

Explain the long-run effects of the guiding function of price.

  Meals in a zip about an economic theory

You explain to your friend Haslina, who runs a catering service called "Meals in a Zip," about an economic theory which asserts that consumers will purchase less of a product at higher prices than they will at lower prices. She contends that the theo..

  Describe the companys operations briefly

Describe the company's operations briefly

  Combined incremental tax rate

If Xon has a 34% combined incremental tax rate and a 10% after-tax MARR, does the investment appear to be satisfactory?

  Calculate the economic order quantity for plumbing supplies

Under its present policy of purchasing 5,000 sinks per order, what is Plumbing Supplies total annual inventory cost? Calculate the Economic Order Quantity for Plumbing Supplies Inc.

  Perspective of alaska airline

Respond to the following questions from the perspective of "Alaska Airline"

  What is the NPV of the decision to purchase the old machine

A firm is considering an investment in a new machine with a price of $18 million to replace its existing machine. The current machine has a book value of $6 million and a market value of $4.5 million. The new machine is expected to have a four-year l..

  Consider profit-maximizing monopoly pricing

Consider a profit-maximizing monopoly pricing under the following conditions. The profit-maximizing quantity is 40 units, the profit-maximizing price is $160, and the marginal cost of the 40th unit is $120.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd