Mike and Teresa have a monthly gross income of $5,000. They pay $1,000 per month toward taxes and $2,000 per month toward various loans. What is their debt service ratio?
A. 20%
B. 30%
C. 40%
D. 50%
E. 60%
Answer: C
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Cash is a nominal account
Indicate whether the statement is true or false
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Describe some of the ways in which organizations can facilitate offline relationships through their websites
What will be an ideal response?