Hannah has determined that her net worth is $60,000. She has also determined that the face value of her mortgage is $160,000. She has determined that the face value of the rest of her debt is $30,000. What is Hannah's debt-to- equity ratio?
Q: Can you please help me on these two questions. I have been receive incorrect answers from the AI and…
A: First, we need to identify the type of lease. In this case, it is a finance lease because the lease…
Q: Please need answer the general accounting question
A: Step 1: Define Gain or Loss on Sale of AssetGain or loss on the sale of an asset is calculated as…
Q: 3 Read the text below. Choose a word that best fits each gap. Summer is a popular time for…
A: The adjectives given in the brackets are 'simple', 'small', 'large', 'many', 'permanent',…
Q: General accounting
A: Step 1: Analysis of information providedHighest level activity (April)Units produced = 5,000Total…
Q: Please need help with this general accounting question
A: To determine how many pounds of direct materials were used to produce August's output, we need to…
Q: Give me true answer this financial accounting question
A: To calculate the required rate of return, we can use the Dividend Discount Model (DDM) for a stock…
Q: Hi teacher please help me this question general accounting
A: To calculate the price-earnings (P/E) ratio, we need to follow these steps: Calculate Earnings per…
Q: All purchases are paid for as follows
A: Concept of Payment TermsPayment terms define how and when a company pays for its purchases. In this…
Q: General Accounting question
A: Accounts receivable turnover = Net credit sales / Average accounts receivableAverage accounts…
Q: Suppose that Dunn Industries has annual sales of $4.07 million, cost of goods sold of $1,720,000,…
A: Million is taken in open form$1 Million = $1,000,000Annual Sales = $4.07 million x $1,000,000 =…
Q: Help with this question general Accounting
A: Step 1: Define Cash And Credit SalesBusinesses are actively involved in the trading of products or…
Q: None
A: Step 1: Calculation of earnings available to common stockholdersTotal Preferred Dividend = Number of…
Q: Find out
A: The Contractual Service Margin (CSM) in insurance contracts is a key component in the measurement of…
Q: How much is the company's predetermined overhead rate to the nearest cent ?
A: Step 1: Definition of Predetermined Overhead RateThe predetermined overhead rate is used to allocate…
Q: None
A: Step 1: Determine the formula for the Price-Earnings (P/E) RatioStep 2: Calculate Earnings per Share…
Q: What is the desired profit for the year on these general accounting question?
A: Step 1: Define Desired Operating IncomeDesired operating income is the target profit an organization…
Q: Compute 2018 cash basis net income
A: Explanation of Cash-Basis Net Income:Cash-basis net income is the profit or loss calculated based on…
Q: Hi expert please give me answer general accunting
A: Step 1: Calculate the net sales proceeds:• Net Sales Proceeds = Sales Proceeds − Broker…
Q: Don't use ai given answer of this accounting questions
A: Step 1: Definition of Production RequirementsTo determine how many units a company should produce,…
Q: Please help
A: Step 1: Use the formula for Earnings per ShareStep 2: Calculate Earnings per ShareStep 3: Use the…
Q: Financial accounting question
A: Step 1: Define Annualized Rate of ReturnThe annualized rate of return measures the annual profit…
Q: Question 1. Pearl Leasing Company agrees to lease equipment to Martinez Corporation on January 1,…
A: The value of the lease liability at lease commencement is the present value of the minimum lease…
Q: At the beginning of the recent period there were 1,080 units of product in a department, one-third…
A: Explanation of Equivalent Units of Production (EUP):Equivalent Units of Production (EUP) represent…
Q: Answer? ? General Accounting question
A: To calculate the total cash collected from customers during 2024, we use the following formula: Cash…
Q: What amount will she have to play in taxes for this employee benefit ??
A: Step 1: Identify the weekly travel allowance amountStep 2: Determine the income tax rateStep 3:…
Q: Hula's Heavyweights, Inc., is a company that manufactures forklifts. During the year, Hula purchased…
A: xplanation of Materials Inventory:Materials inventory refers to the raw materials that a company…
Q: Tutor need your help
A: Explanation of Absorption Costing: This is a method of product costing that includes all…
Q: Kennedy Company issued stock to Ed Kennedy in exchange for his investment of $66,000 cash in the…
A: Given:Revenues: Total income earned from sales or services provided.Revenues = $578,000Expenses:…
Q: Need help with this accounting questions
A: To calculate the cost of common equity, we can use the Gordon Growth Model (Dividend Discount…
Q: Hello tutor please provide correct answer general Accounting question
A: Step 1: Define Variable CostingVariable costing is a cost accounting concept in which fixed…
Q: Please help me this question solution
A: Overhead cost = 543,000 + 1.34XFixed overhead cost = 543,000Variable overhead cost per unit =…
Q: Hi expert please give me answer general accounting question
A: The Price-to-Earnings (P/E) ratio is calculated as: P/E ratio = Market Price per Share / Earnings…
Q: General Accounting 5
A:
Q: Sherryhill Corporation's capital structure consists of 50,000 shares of common stock. At December…
A: Step 1:Gross profit is calcualted by subtracting the cost of goods sold from the sales revenue.…
Q: ABC Company makes wallets and the planned production in units for the first three months of the…
A: 1. Information ProvidedPlanned Production (Units):January: 32,850 unitsFebruary: 30,750 unitsMarch:…
Q: Hi expert please give me answer general accounting question
A: The debt to equity ratio is calculated as: Debt to Equity Ratio = Total Liabilities / Total Equity…
Q: The following financial information for the year
A: Explanation of Absorption Costing:Absorption costing is a method of inventory costing that includes…
Q: Find correct answer
A: Step 1: Definition of Predetermined Overhead RateThe predetermined overhead rate is calculated…
Q: Net cash from investing activities for the period was.
A: Explanation of Net Cash from Operating Activities:Net cash from operating activities represents the…
Q: Help
A: Correct option:A) Depreciated over lease term or useful lifeExplanation:Under bookkeeping guidelines…
Q: I want to correct answer general accounting
A: To better clarify inflows and outflows, let's revisit the components of the cash flow statement:Cash…
Q: General accounting questions
A: Step 1: Definition of Prepaid InsurancePrepaid insurance refers to the payment made in advance for…
Q: If the federal government spends 12% of GDP and collects revenues of 10% of GDP, what is the deficit…
A: 1. Determine Government Spending as a Percentage of GDP:Given: Government spending is 12% of GDP. 2.…
Q: Can you help me with accounting questions
A: Step 1: Definition of Total Manufacturing CostTotal Manufacturing Cost: The sum of direct materials,…
Q: Calculate the direct labor rate variance?
A: Explanation of Standard Rate: Standard rate, set at $14.00 per hour in this case, represents the…
Q: Please help me this question solution general accounting
A: Step 1: Definition of Fixed Overhead CostFixed overhead cost refers to expenses that remain constant…
Q: Calculate the ratio of debt to equity??? General accounting
A: Explanation: The formula to calculate debt to equity ratio is as follows:Debt to equity ratio =…
Q: Pluto company beginning and ending inventory levels for January
A: Explanation of Units to Be Manufactured:The Units to Be Manufactured represent the total number of…
Q: Ans plz
A: Step 1:Definition of Profit MarginProfit margin is calculated as return on investment multiply by…
Q: Quick answer of this accounting questions
A: Step 1: Definition of Common Stock and Additional Paid-In CapitalCommon Stock represents the par…
General accounting
Step by step
Solved in 2 steps
- Raya Mancillas has determined that her net worth is $54,000, excluding her home. She owes $78,000 on her mortgage and $15,000 on a car loan. What is Raya's debt-to-equity ratio?X and Y own a home recently appraised for $317,400. The balance on their existing mortgage is $214,074. If their bank is willing to loan up to 70% of the appraised value, what is the amount of credit available to them (in $)?Chris and Karen have a combined take-home income of $5,000. Their total monthly payments on consumer debt are $875. What is their debt safety ratio? Are they exhibiting any sign of approaching credit problems?
- Chris and Patti have a combined gross income of 590, 000 Using the 28/36 ratio, how much of their gross income should be expected to go towards their mortgage ?Mr. and Mrs. Murthy have a totally monthly gross income of $6000.00. They are interested in purchasing a house with a mortgage payment of $1300.00 per month, annual heating costs of $2100.00, and annual property taxes of $3675.00. Calculate the gross debt service ratio (GDSR). Determine if a bank is likely to offer them the mortgage. Justify your answer.Carlos earns a gross income of $5,580 per month and applies for a mortgage with a monthly PITI of $1,450.80. Carlos has other financial obligations totaling $764.46 per month. If the lending ratio guidelines are as given in the table below. Lending Ratio Guidelines Mortgage Type Housing Expense Ratio Total Obligations Ratio FHA 29% 41% Conventional 28% 36% What type of mortgage, if any, would Carlos qualify for? O Carlos qualifies for an FHA mortgage under the lending guidelines, but not a conventional mortgage. O Carlos qualifies for a conventional mortgage under the lending guidelines, but not an FHA mortgage. O Carlos qualifies for both an FHA mortgage and a conventional mortgage under the lending guidelines. O Carlos qualifies for neither an FHA mortgage and a conventional mortgage under the lending guidelines.
- Your cousin and her partner have a combined gross income of $10,111 and monthly expenses totaling $3,205. They plan to buy a house with a mortgage whose monthly PITI will be $2,000. (a) What is your cousin and her partner's combined housing expense ratio? (b) What is their total obligations ratio? (c) For what kind of mortgage can they qualify, if any? (d) If they do not qualify for an FHA mortgage, by how much should they reduce their monthly expenses in order to be eligible? (Set up an equation and solve it.)Evaluate the Debt Safety Ratio using worksheet 6.1: By listing Chloe’s outstanding debts, and then calculate her debt safety Given her current take-home pay, what is the maximum amount of monthly debt payments that Chloe can have if she wants her debt safety ratio to be 12.5 percent? Given her current monthly debt payment load, what would Chloe’s take-home pay have to be if she wanted a 12.5 percent debt safety ratio? Chloe Young is evaluating her debt safety ratio. Her monthly take- home pay is $3,320. Each month, she pays $380 for an auto loan, $120 on a personal line of credit, $60 on a department store charge card, and $85 on her bank credit card.Correct answer needed with step by step explanation.
- Yara owns a home that was recently appraised for $181,000. The balance on the existing mortgage is $84,200. If Yara's bank is willing to loan up to 73% of the appraised value, find the potential amount of credit available on a home equity loan. O $47,930 O $61,466 O $96,800 $132,130 * O 0 o oCarlos earns a gross income of $5,680 per month and applies for a mortgage with a monthly PITI of $1,249.60. Carlos has other financial obligations totaling $994.00 per month. If the lending ratio guidelines are as given in the table below. *table chart* What type of mortgage, if any, would Carlos qualify for? (Choose from below which option Carlos should qualify for.) (a): Carlos qualifies for an FHA mortgage under the lending guidelines, but not a conventional mortgage. (b): Carlos qualifies for a conventional mortgage under the lending guidelines, but not an FHA mortgage. (c): Carlos qualifies for both an FHA mortgage and a conventional mortgage under the lending guidelines. (d): Carlos qualifies for neither an FHA mortgage and a conventional mortgage under the lending guidelines.Chris' FICO scores are 780 (Equifax), 800 (TransUnion) and 790 (Experian). Faith's FICO scores are 700 (Equifax), 680 (TransUnion) and 710 (Experian). Which FICO score will be used by lenders if they apply for mortgage together? 800 790 680 700