Ted and Karen have a combined take-home income of $4,500. Their total monthly payments on consumer debt is $875. What is their debt safety ratio? Are they exhibiting any sign of approaching credit problems?


Ted and Karen's debt safety ratio is 19.44 percent, which is calculated by dividing $875 by $4,500. They are approaching the maximum recommended level of consumer debt and hence are exhibiting signs of potential credit problems. Ted and Karen should avoid taking on additional consumer debt. REJ: Please see the section "The Basic Concepts of Credit" for more information.

Business

You might also like to view...

Cory employs Daily Delivery Agency as an agent under a writ-ten agreement that describes the rights and duties of both parties. This is

a. apparent authority. b. equal authority. c. express authority. d. implied authority.

Business

What is the role of GPS (Global Positioning System) in mobile advertising?

A. It helps to add the segmenting dimension of physical location at a specific time to target marketing. B. It shows whether a web surfer has been to a company's website before and made a purchase on the last visit. C. It delivers ads to consumers based on the conversations and behaviors they exhibit on social media. D. It delivers buying information to business consumers based on ethnographic positioning. E. It acts as a tool to measure the effectiveness of an ad based on an estimate of how many people receive the ad on their phones.

Business

In order to be valid, a will must generally include all but which one of the following?

A) Signature of the testator B) A written document C) Signatures of witnesses D) Signature of the executor

Business

_____ is a concern about future consequences of actions for this and future generations.

A. Humanism B. Generativity C. Benevolence D. Humility

Business