Which of the following is the correct formula for calculating the debt safety ratio?
A. Total Monthly Consumer Credit Payments ÷ Monthly Take-Home Pay
B. Monthly Take-Home Pay ÷ Total Monthly Consumer Credit Payments
C. Total Monthly Consumer Credit Payments ÷ Gross Monthly Pay
D. Gross Monthly Pay ÷ Total Monthly Consumer Credit Payments
E. Gross Monthly Pay ÷ Monthly Take-Home Pay
Answer: A
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a. True b. False Indicate whether the statement is true or false
The balance of Accounts Receivable, net of the allowance account, is $25,000 before the write-off of a $2,000 account. What is the Accounts Receivable balance, net of the allowance account, after the write-off?
A) $2,000 B) $23,000 C) $25,000 D) $27,000
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Indicate whether the statement is true or false
Today, Hispanics represent approximately ________ of the U.S. population
A) 5% B) 17% C) 25% D) 35%