Business, 27.01.2020 18:31 tramqpham25

Which of the following ratios is used to determine ones debt-to-income ratio?
a. 20/28
b. 20/36
c. 28/30
d. 28/36

Answers: 1

Show answers

Answers

The following ratios used to determine ones debt-to-income ratio is : d. 28/36

These ratios mean that a person have enough income to handle all of his/her debts. People who involved themselves in the world of finance known as the 28/36, which stated that someone should spend maximum of 28% of gross income on total housing expense and maximum 36% on total debt service

Answer from: jimennacastillo15

Answer from: smithsavannah295

d. 28/36

Explanation:

A person's debt-to-income can be calculated by dividing all his/her monthly debt payments by the gross monthly income. This number can be used for determining your ability to manage your monthly payments to repay the money you plan to borrow.

In general, 43% is the highest DTI ratio a borrower can have and still get qualified for a mortgage, but lenders prefer a ratio lower than 36%, with no more than 28% of that debt going towards servicing a mortgage or rent payment. Thus, someone should spend at most 28% of his/her gross income on total housing expense and maximum of 36% on total debt service.

Answer from: Lovebamagirl12

d. 28/36

Explanation:

Answer from: Quest

i would say a penny hope it you

Answer from: Quest

answer; synthetic production system;

Another question on Business

Business, 22.06.2019 17:20

“strategy, plans, and budgets are unrelated to one another.” do you agree? explain. explain how the manager’s choice of the type of responsibility center (cost, revenue, profit, or investment) affects the behavior of other employees.

Answers: 3

Answer

Business, 22.06.2019 21:30

Providing a great shopping experience to customers is one of the important objectives of purple fashions inc., a clothing store. to achieve this objective, the company has a team of committed customer service professionals whose job is to ensure that customers get exactly what they want. this scenario illustrates that purple fashions is trying to achieve

Answers: 1

Answer

Business, 22.06.2019 21:50

Required: 1-a. the marketing manager argues that a $5,000 increase in the monthly advertising budget would increase monthly sales by $9,000. calculate the increase or decrease in net operating income. 1-b. should the advertising budget be increased ? yes no hintsreferencesebook & resources hint #1 check my work 8.value: 1.00 pointsrequired information 2-a. refer to the original data. management is considering using higher-quality components that would increase the variable expense by $2 per unit. the marketing manager believes that the higher-quality product would increase sales by 10% per month. calculate the change in total contribution margin. 2-b. should the higher-quality components be used? yes no

Answers: 1

Answer

Business, 23.06.2019 03:10

Identify whether each of the following statements best illustrates the concept of consumer surplus, producer surplus, or neither. statement consumer surplus producer surplus neither a local store was having a sale on textbooks, so i bought a used textbook for my brother. i sold a watch for $61, even though i was willing to go as low as $55 in order to sell it. even though i was willing to pay up to $116 for a used laptop, i bought a used laptop for only $110.

Answers: 1

Answer

You know the right answer?

Which of the following ratios is used to determine ones debt-to-income ratio?
a. 20/28
...

Questions