User Account

All Pages

Disposable monthly income

Assignment Help Financial Accounting
Reference no: EM131219621

An engineering graduate plans to buy a home. She has been advised that her monthly house and property tax payment should not exceed 35% of her disposable monthly income. After researching the market, she determines she can obtain a 30 year home loan for 6.95% annual interest per year, compounded monthly. Her monthly property tax payment will be approximately $150. What is the max amount she can par for a house if her disposable monthly income is $2000?

Reference no: EM131219621

Questions Cloud

Cash-accounts receivable and supplies-equipment : Record each transaction. The company uses the following accounts: Cash, Accounts Receivable, Supplies, Equipment, Accounts Payable, Deferred Revenue, Common Stock, Retained Earnings, Service Revenue, Salaries Expense, Advertising Expense, Rent Expens..
Briefly describe at least one episode of a television show : Identify the context in which the character(s) demonstrated aggression or violence. Include the gender, age, and culture of the character(s) involved in the aggressive or violent act(s).
Difference relevant to financial decision making : 1. How does net cash flow differ from net income and why is that difference relevant to financial decision making? 2. With regard to tax purposes, which type of depreciation methods do organizations prefer and why?
Pricing is key aspect of product or service : Pricing is a key aspect of a product or service. Think of a product you use, it can be a convenience, shopping or specialty product. Identify the likely pricing objective and the possible pricing strategy used. Support your conclusions.
Disposable monthly income : An engineering graduate plans to buy a home. She has been advised that her monthly house and property tax payment should not exceed 35% of her disposable monthly income. After researching the market, she determines she can obtain a 30 year home loan ..
Analyze the public budget cycle in a government agency : Develop a four- to five-page paper in which you analyze the Public Budget Cycle in a government agency of your choice. Be sure to include each of the phases of the budget cycle and address how each relates to the overall organizational mission of ..
What are the key attributes of emotional intelligence : Define self-awareness in relation to emotional intelligence. What makes this definition relevant to human services? How does this definition address the core concepts of self-awareness?
What is the assigning security levels : Explain what is the Assigning security levels and why it is necessary for recordkeeping (e.g. what characteristics of records, recordkeeping systems or processes does it support?)
Calculate average-cost per unit : Novak Company’s record of transactions concerning part X for the month of April was as follows. Calculate average-cost per unit. Compute the inventory at April 30 on each of the following bases. Assume that perpetual inventory records are kept in uni..

Reviews

Write a Review

Financial Accounting Questions & Answers

  Corporate governance disclosures

identify anynotable differences between the corporate governance disclosures that were made in last year'scorporate governance report and those that were made this year.

  Would the proposed increase in the minimum wage raise

If the demand of unskilled labor were inelastic, would the proposed increase in the minimum wage raise or lower total wage payments to unskilled workers? Would your answer changeif the demand for unskilled labor were elastic?

  What is a non-controlling interest

What is a non-controlling interest? What is the treatment of unrealised profit or losses in case of intercompany transfer of inventory?  intercompany transactions occurred during the year:

  Consider the following scenarioyour cfo in her initial work

consider the following scenarioyour cfo in her initial work needs to decide whether to set up a job order costing

  What would be total combined direct labor cost for two month

Veltri Corporation is working on its direct labor budget for the next two months. Each unit of output requires 0.76 direct labor-hours. The direct labor rate is $10.50 per direct labor-hour. The production budget calls for producing 7,000 units in Oc..

  Statements best describes this transaction

You recently sold 100 shares of your new company, XYZ Corporation, to your brother at a family reunion. At the reunion your brother gave you a check for the stock and you gave your brother the stock certificates. Which of the following statements bes..

  Observe the budget and currency calculations of student

For your response discussion need, critically observe the budget and currency calculations of another student.

  Cost of goods sold under absorption costing

If the company produces 400 units and sells 1,200 units next year, what would be its cost of goods sold under absorption costing?

  Not only did our salespeople do a superior job in meeting

not only did our salespeople do a superior job in meeting the sales budget this year but our manufacture people did a

  Cultures create ethical issues in business

How can differences in two countries or cultures create ethical issues in business? After completing your assigned reading for the week, prepare to discuss this question by conducting a brief search on the Internet with the phrase "doing business in ..

  What total amount should olmsted company report

Olmsted Company has the following items: common stock, $900,000; treasury stock, $105,000; deferred taxes, $125,000 and retained earnings, $454,000. What total amount should Olmsted Company report as stockholders' equity?

  Compute the companys cash budget for february in good form

Prepare the company's cash budget for February in good form. Make sure to indicate what borrowing, if any, would be needed to attain the desired ending cash balance.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd