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serious [3.7K]
2 years ago
13

Kurtis is expecting a promotion which, hopefully, comes with a raise. he would like his raise to help him correct a high debt-to

-income (dti) ratio of 43%. his current annual salary is $53,000. how much of a raise would kurtis need applied to his annual salary to get his dti ratio down to a more reasonable 36%?
Business
2 answers:
Elena L [17]2 years ago
6 0
<span>How much of a raise would Kurtis need to be applied to his annual salary to get his DTI ratio down to a more reasonable 36%? The answer is $10,350.</span>
AleksAgata [21]2 years ago
4 0

it C on e2020................

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A department store has budgeted sales of 12,800 men's coats in September. Management wants to have 6,800 coats in inventory at t
BigorU [14]

Answer:

Dollar amount of purchases is 1,228,400.

Explanation:

Total purchase of suits is equal to Inventory at the end plus sales minus inventory at the beggining.

  • Inventory at the beggining is 4,800
  • Inventory at the end (management desire) = 6,800
  • Budgeted sales = 12,800
  • Purchase of suits = 6,800 + 12,800 - 4,800 = 14,800

The explanation is if i have 4,800 units at the beggining, and i want to sell 12,800, i will need to purchase the difference (8,000 units). Plus the existence needed at the end, 8,000 + 6,800 = 14,800.

The cost per unit is $83, so the total cost is 14,800 * 83 = 1,228,400.

8 0
2 years ago
Riley is considering the purchase of 350 shares of the preferred stock of Marston Manufacturing Company. The stock carries a par
Furkat [3]

Answer:

The per-share value of Marston’s preferred stock should be $92

Explanation:

The computation of the per-share value of Marston’s preferred stock is shown below:

= (Annual Dividend rate) ÷ (yields generation) × 100

= (5.75%) ÷ (6.25%) × 100

= $92

We simply divide the Annual Dividend rate by the yields generation or we can say it is a required rate of return.

All other information which is given in the question is not relevant. Hence, ignored it

7 0
2 years ago
True or False: Diminishing returns will occur when investing in the same TQM Initiative round after round. A. True B. False 2. T
kirill115 [55]

Answer:

  1. True
  2. True
  3. True
  4. True
  5. Capstone courier

Explanation:

7 0
2 years ago
An athlete signs a five-year endorsement deal with a prominent sponsor. Under this deal, the athlete will receive $5,000 each ye
Iteru [2.4K]

Answer:

PV= $23,370.85

Explanation:

Giving the following information:

Cash flow (1-3)= $5,000

Cash flow (4-5)= $6,500

Discount rate= 6%

To calculate the present value, first, we need to calculate the final value:

FV= {A*[(1+i)^n-1]}/i

A= annual cash flow

Year 1-3:

FV= {5,000*[(1.06^3) - 1] / 0.06

FV= 15,918

Year 4-5:

FV= {6,500*[(1.06^2) - 1]} / 0.06

FV= 13,390

Now, the present value:

PV= FV/(1+i)^n

PV= 15,918/(1.06^3)= 13,365.06

PV= 13,390/(1.06^5)= 10,005.79

PV= $23,370.85

3 0
2 years ago
The repair service that fixes your farming equipment doesn’t seem to fix your plow correctly. The technician says that if you ar
drek231 [11]

Answer:

Your best option would be for higher quality repairs and higher quality equipment, this would save you more money and time in the long run where you have the ability to do other things.

Explanation:

Mark as Brainliest please!

Ill give u a cookie

8 0
2 years ago
Read 2 more answers
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