Hellokittyjam35
10.01.2020 •
Business
Mike and mary jane lee have a yearly income of $79,352 and own a house worth $102,100, two cars worth a total of $ 19,907 and furniture worth $10,442. the house has a mortgage of $58,347 and the cars have outstanding loans of $2,567 each. utility bills, totaling $242 for this month, have not been paid. calculate the debt ratio for the lee household. mike and mary jane's debt ratio is
Solved
Show answers
More tips
- C Computers and Internet How Do You Refill Cartridges?...
- F Family and Home How to Keep Your Home Warm: Tips and Tricks...
- D Dating, Love, Relationships Does a Person s Character Depend on the Color of Their Eyes?...
- O Other Childhood Fears: What Many of Us Experienced...
- H Health and Medicine Simple and Effective: How to Get Rid of Cracked Heels...
- O Other How to Choose the Best Answer to Your Question on The Grand Question ?...
- L Leisure and Entertainment History of International Women s Day: When Did the Celebration of March 8th Begin?...
- S Style and Beauty Intimate Haircut: The Reasons, Popularity, and Risks...
- A Art and Culture When Will Eurovision 2011 Take Place?...
- S Style and Beauty How to Choose the Perfect Hair Straightener?...
Answers on questions: Business
- B Business Banks use debt-to-income ratios in order to: A. see how often a borrower has missed payments on other loans in the past. B. decide whether they need to look at...
- B Business Suppose a certain firm is able to produce 330 units of output per day when 30 workers are hired. The firm is able to produce 362 units of output per day when 31...
- B Business the top table shows the market demand schedule for dvds and the bottom table shows the cost structure of each firm. the market for dvds is perfectly competitive....
- B Business Identify the correct abbreviation of the basic kitchen measurements. choose your answeron the box. write your answer before each number pasagot po ng tama pls report...
- B Business Advertising encompases three primary objectives. One objective is to remind customers of the need for the product or service and the benefits it provides. A second...
- B Business Students who begin college not knowing what they want to study is a. undeclared majors b. transfer students c. probationary students d. undeclared minors...
- P Physics How does the length to height ratio (the IMA) of trial 1 compare to trial 2? Why is the actual mechanical advantage less than the ideal mechanical advantage in...
- M Mathematics Find the missing value in the table....
- E English Which word has the most neutral connotation? o deserted O private O lonely o abandoned...
- M Medicine Which of the following statements is FALSE about alcohol? Blood alcohol concentration slowly increases as it is absorbed from the stomach and the small intestine....
Ответ:
Total assets $
Building 102,100
Motor vehicle 19,907
Furniture 10.442
Total assets 132,449
Total liabilities $
Mortgage loan 58,347
Outstanding loan 2,567
Utility bills unpaid 242
Total liabilities 61,156
Debt ratio = Total liabilities x 100
Total assets
Debt ratio = $61,156 x 100
$132,449
Debt ratio = 46.17%
Explanation:
In this case, there is need to calculate the total assets, which is the aggregate of building, motor vehicle and furniture.
We also need to calculate the total liabilities, which is the aggregate of mortgage loan, car loan outstanding and utility bills unpaid.
Debt ratio is obtained by dividing total liabilities by total assets multiplied by 100.
Ответ: