Sabina makes $2,000 per month. She spends $300 on credit card payments and $450 on an auto loan. Does she have excessive debt?
Yes, because her debt-to-income ratio is higher than 36 percent.
No, because her debt-to-income ratio is lower than 36 percent.
No, because her debt-to income ratio lower than 42 percent.
Yes, because her debt-to-income ratio is 50 percent.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Sabina makes $2,000 per month. She spends $300 on credit card payments and $450 on an auto loan. Does she have excessive debt? Yes, because ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
The international organization for standardization (iso) organizes its standards by both the international classification for standards (ics) and the technical committee (tc) to which it assigns each standard.
Answers (1)
Which of the following would shift the supply curve for smartphones to the right? A) an increase in the price of a substitute in production B) an increase in consumer income (assuming that all smartphones are normal goods) C) a decrease in the
Answers (1)
Which of the following transactions causes a decrease in stockholders' equity? A. Paying advertising expense for the current month. B. Repaying amount borrowed from the bank. C. Providing services to customers for cash. D.
Answers (1)
What is one way in which bonds do not generate income for investors? A. Bonds appreciate in value. B. Bonds pay interest. C. Bonds pay dividends D. Bonds pay a specified amount at maturity.
Answers (2)
Use the following information to answer the following questions. Steven contributed a building, inventory, and $65,000 cash to a partnership. The building had a book value of $250,000 and a market value of $275,000.
Answers (1)
New Questions in Business
Consider this argument: "The kidnappers have taken eight people hostage and are holding them at a farmhouse just outside town. If the SWAT team assaults the farmhouse, the hostages could be killed.
Answers (1)
Rent seeking is an attempt to A. use the government for individual benefit at the expense of others. Regulatory capture is an example of this, where a regulatory agency makes decisions benefiting the firm being regulated. B.
Answers (1)
An Insurance company is a business in which it pays to the company if there is a loss, damage, treatments or injury for the payment of premium amount. It calculates the risks that has occurred and pays to compensate the premium amount.
Answers (1)
Pool Line is the manufacturer of a pool cleaning system that has been called by the pool construction industry, "the miracle we have waited a lifetime for." The cleaning system is very effective and recommended by all consumer magazines.
Answers (1)
Use the following example to answer the following questions: Imagine that Stella deposits $25,000 in currency (which she had been storing in her closet) into her checking account at the bank.
Answers (1)