If the total obligation is $950 and borrower income is $4,500, the total obligation ratio is?

Fantastic news! We've Found the answer you've been seeking!

Question:

Related Book For answer-question

Financial Reporting and Analysis

ISBN: 978-0078025679

6th edition

Authors: Flawrence Revsine, Daniel Collins, Bruce, Mittelstaedt, Leon

See More Books

Posted Date: Apr 30, 2024 04:08 AM

See More Questions

1 What are the main components of personal financial planning? Solve What is the purpose of a financial plan? Solve Identify some common actions taken to achieve financial goals. How does a job...
Perform the indicated operation and simplify completely and assume that all variables represent real numbers 921151839-614x2010 Answer =
Using the link http://learninga-z.com explore the Differentiated Instructional Strategies document. Describe a strategy that is interesting
Southern Stitches is a local casual clothing shop that makes a variety of t-shirt styles. Below is some actual vs. budget information for Southern's t-shirts for the month of May. Assume no...
Farbers Fabric Co. of Yellow knife uses a purchases journal (page21) and a general journal (page 32) to record the following transactions (continued from July). The fabric store has decided to keep a...
Measuring the height of a California redwood tree is very difficult because these trees grow to heights over 300 feet. People familiar with these trees understand that the height of a California...
Ace used-car sales manager Jack has no idea whether the $\$ 100,000$ he pays for training for his used-car salespeople works. He asks Dave, the leading salesperson, and Dave says he thinks it works...
Kras, Inc., was organized and authorized to issue 50,000 shares of $100 par value, 9 percent [referred stock and 50,000 a shares of no-par, $5 stated value common stock on July 1, 2011. Stock-related...
Write a program to allow the user to create an triangle and calculate the area. The program will prompt the user to enter the x-coordinate and y-coordinate of each vertex (tip) of the triangle. After...
Q10: A stock's expected return according to CAPM is 13% and has a beta of 1.40. If the expected market return is 10% what is the risk-free rate? a) 2.00% b) 2.25% c) 2.50% d) 2.75%
_______________variables can take on any value in some interval. In Exercises 510, fill in each blank with the appropriate word or phrase.
A sample that is not drawn by a well-defined random method is called a _______. In Exercises 712, fill in each blank with the appropriate word or phrase.
In a _________________study, a group of subjects is studied to determine whether various factors of interest are associated with an outcome. In Exercises 510, fill in each blank with the appropriate...
Qualitative variables describe how much or how many of something there is. In Exercises 1114, determine whether the statement is true or false. If the statement is false, rewrite it as a true...
In a study, 200 patients with skin cancer are randomly divided into two groups. One group receives an experimental drug and the other group receives a placebo. Is this a randomized experiment or an...
Prepare the general journal entries to properly record each of the following transactions and events in the appropriate general ledger accounts of the appropriate funds for the year ended June 30,...
The roof of a refrigerated truck compartment is of composite construction, consisting of a layer of foamed urethane insulation (t2 = 50 mm, ki = 0.026 W/m K sandwiched between aluminum alloy panels...
What part should the sales function play when drawing up a detailed 12 months operational marketing plan for EMA?
Suggest a general outline marketing planning strategy for 12 months ahead for Graham Keddie.
Explain the differences between marketing strategies and sales strategies.

If the total obligation is $950 and borrower income is $4,500, the total obligation ratio is?

Question:

Expert Answer:

The total obligation ratio is calculated by dividing the tota... View the full answer

Financial Reporting and Analysis

Students also viewed these finance questions