andy's yearly income $40,000. according the 20/10 rule, what would andys debt be on a $15,000 personal loan? would andys debt loan follow the guidlines of the 20/10 rule? provide a reason for your answer

Answers

Answer 1

Answer:

Andy is not following the guidelines because his total Loan amount is 37.5% of of Total annual income which should be below 20%.

Explanation:

20/10 Rule

According to this rule your total debt should be below 20% of annual income and and keep your all payments of loan no more than 10% of your monthly income.

As per Rule:

(Total debt / Total annual income)*100 = (15000/40000)*100= 37.5%

Answer 2
Final answer:

According to the 20/10 rule, Andy's total debt should not exceed $8,000 and his monthly debt payments should not exceed $333.33. A $15,000 personal loan would exceed these guidelines, meaning it doesn't follow the rules of the 20/10 rule.

Explanation:

The 20/10 rule is a rule of thumb in personal finance indicating that a person should aim for a debt load of no more than 20% of their annual after-tax income, and no more than 10% of their monthly income going to debt payments (excluding mortgage). For Andy with an annual income of $40,000, his total debt under this rule should not exceed $8,000 (20% of $40,000). Additionally, his monthly debt payments should not exceed $333.33 (10% of $40,000/12). If he takes a $15,000 personal loan, he would be exceeding the 20/10 rule's guidelines as his total debt would be significantly higher. In essence, this rule aims to prevent individuals from falling into excessive debt to maintain financial health and stability.

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Related Questions

What is a likely result in the home country when several large manufacturers move their operations overseas?
Tax revenue and employment in the home country fall as jobs disappear
Crime rises in the home country because factories are abandoned.
New businesses decide not to open their factories in the home country because they fear an economic collapse.
O Prices rise because products now have to be shipped a greater distance.

Answers

Answer:

When several large manufacturers move their operations overseas, Tax revenue and employment in the home country fall as jobs disappear, Option A, in the home country.

Explanation:

Job outsourcing means that the company allows their products to be sold in the foreign markets.

But when many manufacturers move their operations overseas, then tax revenues and employment in the home country will fall as number of jobs will decrease.

Jobs will decrease because people will not be able to work in the manufacturing companies. Thus, less revenue will be generated. So, statement A is most apt in the given condition. Other options B, C and D which state that crimes will increase or or new businesses would not open or prices will rise are incorrect.

QUESTIONS
2. In which of the following situations may you pass on the right?
A. There is only one lane of traffic in your direction.
B. You are driving on a one-way road.
C. The vehicle in front of you is driving at exactly the speed limit.
D. You are approaching a hill.

Answers

Answer: B

Explanation:

you can pass on the right if you are driving on a one way road.

Following the traffic rules is quite important for one during driving as  

As you pass on the right of another vehicle making a left turn there is a sufficient pavement width on both vehicles. You can also pass on the right when traveling in a multilane that carries two or more lanes of traffic.

Hence the option B is correct. When you are driving on a one-way road.

Learn more about which of the following situations may you pass on the right.

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_____ offers a variety of programs and support services.

Answers

Answer: your answer is SBA.

HOPE THIS HELPS. PLEASE GIVE BRAINLEST.

Final answer:

Educational and community organizations offer a variety of programs and support services including programs for the disabled, family literacy, extended day instruction, and computer instruction. These services aim to address both educational and broader socioeconomic challenges, ensuring quality care and stability through health and community resources.

Explanation:

Various organizations, including educational institutions and community centers, offer a range of programs and support services to cater to different needs within the community. Some of these services include programs for the disabled, which are designed to provide tailored support and resources to individuals with disabilities, ensuring their inclusion and accessibility in society. Another key service offered is family literacy programs, aimed at improving literacy skills among all family members, which is essential for personal growth and community development.

Many centers cater to students' needs by providing extended day instruction and computer instruction, which are crucial for supplementing regular schooling and enhancing digital literacy. Furthermore, local community supports often encompass vital health-related resources and can even extend to include youth programs that offer advocacy and developmental activities. Additionally, effective treatment programs are recognized for delivering a holistic approach that combines several therapies and services tailored to individual patient needs.

It is important to note that these services not only support academic progress but also address a broader spectrum of challenges such as socioeconomic hardships, with centers like CAPS providing multiple forms of assistance. Quality care is ensured by state agencies demonstrating a capacity to meet various needs through competent staff and adequate care levels. Finally, the stability provided by free public education, medical services, and authorization to live and work are fundamental supports available to those in the community.

Determine a distance from a given map on a map of 1:50000 and the ground distance=7.5km calculate the distance on the map in centimeter using the formula below 1/50000=?/7.5km​

Answers

Answer:

The distance on the map=15 cm

Explanation:

Scaling is a way of converting actual measurements to map measurements. Scales can be written in form of ratios, for example 1:2 or in form of 1 cm representing 2 km. In the latter case, the units are always in centimeters.

In the case above, the scale 1:50,000 generally implies that 1 centimeter unit on the map represents 50,000 centimeter units on the ground. The expression for determining the map measurements is;

M=S.F×G

where;

M=map measurements

S.F=scale factor

G=ground measurements

In our case;

M=unknown

S.F=1/50,000

G=7.5 km, convert to meters

1 km=1,000 km

7.5 km=?

G=7.5×1,000=7,500 m

1 m=100 cm

7,500 m=?

G=7,500×100=750,000 cm

replacing;

M=(1/50,000)×750,000=15 cm

The distance on the map=15 cm

The table shows the balance of an Investment account at the beginning of each year the account was held. Assuming that no other deposits
have been made to the account, which statement describes the account's growth?
Year
Account
Balance
$200.00
$208.00
$216.32
A.
The account is growing linearly at an annual interest rate of 4.0096.
B.
The account is growing exponentially at an annual Interest rate of 4.00%.
OC.
The account is growing linearly at an annual interest rate of 8.16%.
D.
The account is growing exponentially at an annual Interest rate of 8.16%.​

Answers

Answer:

B.

The account is growing exponentially at an annual Interest rate of 4.00%.

Explanation:

Exponential growth is a fast or an accelerated growth rate. The quantity increasing or population size increases over time. The size of an investment grows by a bigger margin every period. If x is the size of growth at the end of every period, then the size of x increases every year.

In this scenario, the growth rate of $200.00, $208.00, and $216.32, meaning the growth rate is $8.00 and $8.32.  the growth rate = 8/200 x 100 = 4% and $8.32/208 x 208= $4%. The growth rate is at an increasing rate.

Linear growth is slow and steady growth. It represents a constant growth rate despite the size of the investment. If x is the growth rate, then the size x  remains constant throughout the life of an investment.

Final answer:

The account is growing exponentially at an annual interest rate of 4.00%, with each year's balance being a multiplication of the previous year's balance by a constant factor.

Explanation:

The growth of the investment account is not linear, but exponential. This can be seen by noting how the balance increases each year. From the first to the second year, the account balance grows from $200 to $208, which is a 4% increase ($200 x 1.04 = $208).

The following year, the balance grows to $216.32, which is again a 4% increase, but this time on the $208 balance ($208 x 1.04 = $216.32). This pattern of growth indicates that the account balance is being multiplied by the same factor (1.04) each year, which is a characteristic of exponential growth.

Describe a strategy that could be deployed to improve the job performance of new employees and change the work culture

Answers

Answer:

There can be many ways by which job performance can be improved and work culture can be changed.

Explanation:

Job performances of employees can be improved:

1. By getting the employees trained at their fullest in the skills they are best at.

2. Providing flexibility always increases the performance of employees.

3. Good hike should be given to the deserving employees.

Clear expectations should be set with the employee and should encouraged from time to time.

Work culture can be changed:-

1. By having open environment and open feedback.

2. There should be commitment to improvement.

3, The focus should be on the good quality work.

4. All should be treated with same rules. Good work should be acknowledged.

During a recession, individuals working in Family and Community Services notice a rise in crime and a general
unrest in the community. What are they noticing has changed?
O quality of life
O growth
O sustainability
O depression

Answers

They are noticing the growth of crime.
- Growth - A recession is the decline of economic activity, thus putting a hault to any economic growth.

Visibility, the road situation, and your physical condition can all influence your

Answers

Visibility, the road situation, and your physical condition can all influence your blind area.

Explanation:

A field of vision in an automobile is an area across the car which, under current conditions, the driver could not monitor directly during checks. A wide variety of vehicles contain blind spots, including airplanes, cars, motor yachts, sailboats and trucks.

The A-pillar (which is also referred to as a window pillar), sideview mirror or rear mirror in the inner of the rider's sideview mirrors might be obstructed by blindspots at the front of rider. The visibility can diminish behind passengers, freight, headrests and other pillars.

How did bosses and political machines control city governments?

Answers

Bosses and political machines controlled the city governments using intimidation. Bribery and corruption were used and Assassinations happened. labor unions formed to control the local governments.

Explanation:

During the late 1800s, city bosses commonly assumed control over city governments. They did not gain power legally, and the bosses were not elected to office. They used blackmail and bribery to convince legal city officials to grant favors to and to follow the wishes of the city bosses.

Political machine, in U.S. politics is a party organization, headed by a single boss or a small autocratic group, that commands enough votes to maintain political and administrative control of a city, county, or state. Examples of such Political machine is Tammy Hall in New York city which provided housing facility to the immigrants and gained their loyal support.

Final answer:

Political machines like Tammany Hall controlled city governments through a system of quid pro quo, where they solved immediate local issues for citizens in exchange for votes, often engaging in corrupt practices such as kickbacks and graft.

Explanation:

Bosses and political machines controlled city governments predominantly through a system of rewards and corruption. Political bosses would leverage their influence to obtain votes and support from citizens by ensuring that immediate local problems were addressed, such as the building of sidewalks or provision of jobs. This was often done in an underhanded manner, which included kickbacks, graft, and promises of future political support. Tammany Hall in New York, led by William "Boss" Tweed, is a notable example. It provided timely aid to citizens, such as jobs, housing, and public services, in exchange for votes. However, this aid was accompanied by corruption and the expectation of political support, where contracts for public works would be awarded at inflated prices to friends of the machine, with the bosses taking a cut of the costs.

True or false There are no jobs that are able to fit into multiple career categories

Answers

Answer:

false

Explanation:

Final answer:

The statement is false because many jobs fit into multiple career categories, such as a data analyst or project manager working across various sectors. The dynamic job market and evolving career paths allow for multidisciplinary roles.

Explanation:

The statement that there are no jobs that are able to fit into multiple career categories is false. Many jobs today are multidisciplinary and fit into several career categories. This is more common in certain sectors such as technology and consulting, where skills are transferable across various domains. For example, a data analyst might work in healthcare, finance, or marketing, all of which require similar analytical skills but apply them in different contexts. Similarly, a project manager could oversee projects in construction, IT, or event planning. As career paths evolve with new technologies and industries, the intersection between different career categories becomes even more pronounced.

Moreover, the concept of 'slash careers', where individuals simultaneously work in different occupations, exemplifies the ability of modern jobs to span multiple career categories. Additionally, the changing job market, including factors such as outsourcing and technology, has led to the creation of new career types and the transformation of existing ones. In such a dynamic environment, it is clear that many jobs are not constrained to a single career category, but instead, may intersect with multiple fields.

Raising federal minimum wage will provide a living wage for the working poor is a what

Answers

A minimum wage is referred to as the low amount of wage that is paid to a worker per hour made by federal law.

Explanation:

If there is rise in the informal sector wage due to increase in the minimum wage , it will help in reducing poverty. If the low income group workers lose their work and also cannot find any work due to increase in minimum wage , social safety nets can protect the low income group people against poverty.

If there is increase in federal minimum wage  it will reduce consumer spending as well as help in the growth of the economy. It will also increase the productivity as well as reduce employee turnover. It will also help in the overall growth of  the   economy and also increase the consumer demand.

If something could pose a danger, this could be

Answers

Answer:

If something could pose a danger, this could be hazardous

Explanation:

Something hazardous is anything that has the risk of causing danger to members of the public. Hazardous situations are often considered in company's that deal with manufacturing and production since the hazard can cause injuries and even death to the laborers. In such cases, company's have to guard against the possibility of a hazardous situation causing injury or harm to a worker.

There are different types of hazards depending on the location that they occur and places they affect. There are hazards that affect the environment and there are those that pose threat to human life. In manufacturing and production companies, there are hazards that can physically cause harm and there are hazards that harm the environment. To mitigate against physical hazards, the workers need to be educated on hazardous situations. This involves how to protect the workers so that the risk of injury is minimized. To protect against environmental hazards, the companies are usually required to treat their industrial wastes before discharging them to the environmental. This helps to minimize toxic levels in the ecosystem.

Answer:

A hazard

Explanation:

Which of Graeter’s stakeholders are most affected by the family’s decision to take a long-term view of the business rather than aiming for short-term profit?

Answers

Answer:

Employees, owner of the business and investors

Explanation:

Family decisions are biased and they can change business decision over the course of period. In the above scenario, graters family has decided to take a long term view of the business rather than short term profit will greatly affect the employees, owner of the business and investors. Family decisions can affect a stakeholder that is why it is recommended that family and business should remain apart.

Final answer:

The stakeholders most affected by Graeter's decision to take a long-term view of the business are employees, customers, and shareholders/investors.

Explanation:

The stakeholders most affected by Graeter's decision to take a long-term view of the business are:




Employees: If Graeter's focuses on long-term growth, it may lead to higher job security and potential growth opportunities for employees.
Customers: A long-term view can result in a commitment to quality and customer satisfaction, ensuring continued support and loyalty.
Shareholders/Investors: While short-term profits may be sacrificed in the short-run, a long-term focus can lead to sustainable and steady growth, ultimately benefiting shareholders and investors.

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which point on the graph indicates the lowest quantity supplied of goods?

Answers

Answer: the lowest quantity is supplied where the price is at it’s least

Explanation:

This is because the law of supply states the higher the price the higher the quantity supplied and the lower the price the lower the quantity supplied

Answer:

The answer is A

Explanation:

Your manager pays very close attention to the work you and your co-workers
do. She often sends out detailed checklists when assigning you a task and
asks that you return those checklists upon completion of the task. What
leadership style best describes your manager?
O
A. Director
O
B. Delegator
O
c. Supporter
D. Coach

Answers

Answer:

A director

Explanation:

Final answer:

The manager's style could be described as a Director leadership style, characterized by closely detailing and monitoring tasks.

Explanation:

The leadership style that best describes a manager that pays very close attention to her co-workers and often provides detailed checklists before assigning tasks is known as the Director style. A Director is characterized by a clear, detailed direction of tasks and outcomes. This style indicates strong controlling and monitoring habits and a keen eye for detail. An example of this would be a manager giving a detailed checklist outlining every aspect of the task that needs to be completed, thereby leaving no room for misunderstanding or discrepancy.

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Select the correct text in the passage. Which sentence in the passage shows hazards that an office worker is likely to face? Owen is a software programmer in an advertising company. He often works for long hours in the office. He faces the risk of being exposed to toxic chemicals. He suffers from back and neck pain every now and then. He suffers from burns due to contact with hot stove tops. Owen also faces the risk of being subjected to armed robbery.

Answers

He suffers from back and neck pain every now and then

Explanation:

Normally a software programmer of any field needs to code extensively. The room for physical work is very negligible or zero.

Software programmers fix issue, write code, attend client calls, coordinate with multiple team members. So they entirely use their brains and work.

So they have use keyboard and mouse extensively and often they forget to blink their eyes, relax their fingers during their extensive use, do proper exercise to relax their muscles and also improper posture while working on the computer.

Because of these factors, software programmers suffer from back and neck pain.

Which two skills or abilities are important for a school counselor? leadership active listening empathy physical stamina creativity

Answers

Final answer:

For a school counselor, the two important skills or abilities are active listening and empathy. Active listening allows counselors to understand students' issues, while empathy ensures students feel understood and supported.

Explanation:

For a school counselor, the two important skills or abilities would be active listening and empathy. Active listening is crucial because counselors need to genuinely understand student's concerns, feelings, and problems to be able to help them efficiently. It involves not only hearing the words spoken by students, but also understanding the emotions and meanings behind those words, asking insightful questions, and refraining from interrupting.

On the other hand, empathy is equally important. As a counselor, being able to express empathy means that you can understand and share the feelings of the student. This skill can make students feel supported and validated, leading them to more easily open up about their struggles.

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Active listening and empathy are critical skills for school counselors as they enable understanding and emotional connection with their students.

The question asks which two skills or abilities are important for a school counselor. Among the options provided, active listening and empathy are particularly essential. Active listening is crucial because counselors must be able to fully understand and process the concerns, feelings, and problems of their students to provide appropriate support and guidance.

Empathy is also a key skill for school counselors, as it allows them to understand and share the feelings of others, making it easier to build trust and provide emotional support during counseling sessions.

Interest rates generally reflect
the potential elects of initation
the level of risk in an investment
the real value of the investment
the amount of money invested

Answers

Answer:

the level of risk in an investment

Explanation:

Interest rates show the percentage yield an investor will be gaining from undertaking a particular investment. All investments reward investors with regular returns that are expressed a percentage of the principal amount.  The higher the returns, the more attractive the investment.  Interest rates are the rewards or returns from an investment.

A high-interest rate is also indicative of the risk associated with the investment.  Generally, high-risk investments will offer a higher interest rate. Government bonds and treasury bills are the safest investment but offer lower interest rates. Corporate bonds are riskier but have high-interest rates.

Answer:

The level of risk in an investment

Explanation:

Got it right on Principles of Invest. quiz

Rodney Blevins is a vacuum cleaner salesman. He earns a 22 percent commission on every vacuum cleaner he sells. In the month of December, Rodney sold 10 vacuum cleaners costing $1,258.00 each. What is Rodney’s commission for the month of December?

Answers

The commission for the month of December is $2,767.60

Solution:
(1,258*10)= $12,580 we apply the 22% to that result and we obtain $2,767.60

Which of the following will NOT cause the supply curve for kayaks to shift to the left?

Answers

A decrease in the price of a kayak

Explanation:

It's also evident that every change in the market causes a unique price change, quantity combination:

increasing demand: rising prices, increasing quantity.

Decline in demand: declines in price, declines in volume.

Increase in supply: price decline, increase in quantity.

This Theory of Supply is named by economists. When the price increases, the demanded quantity decreases (but the supply remains the same). When the price falls, the amount required increases. That's the Demand Law.

What is noncompetition?

Answers

Answer:

A lack of competition

Explanation:

Non = absence

competition = the act of competing in a event

Which means noncompetition would mean "a lack or a absence of competition."

Hope this helps.

Question 6
What is the chief reason corporations issue stock?
O To raise money for the corporation.
O To secure tax advantages.
O To give consumers ownership in their company.
To help the economy.

Answers

Answer:

The answer is,

O To raise money for the corporation.

Explanation:

Issuing share is a method of financing for a corporation. Company can borrow money from external parties such as banks or issue debentures as well. However, the cost of such borrowings tends to be higher than issuing equity stocks and there are many legal necessities as well in such a process.

Help!!!!!!!!!!!
Can you answer this question? :(

Answers

Answer:C

Explanation:

Because i'm awesome

Product Managers are expected to collaborate in planning the amount of upcoming Enabler work by establishing what?
1. Team Backlog prioritization
2. Completed Epic acceptance criteria
3. Accurate user story sizing
4. Capacity allocation

Answers

Answer:

Product Managers are expected to collaborate in planning the amount of upcoming Enabler work by establishing capacity allocation:

Explanation:

For the work that is upcoming, team backlog prioritization has nothing to do as it is done when there is a need to finish the pending work before the next work is allotted. By performing capacity allocation, the right personnel and resources can be implemented for the right work well before the work is handed over.

The product managers are to collaborate on the planning of the upcoming taks by Capacity allocation.

The firm consists of the various levels of management that allocate the tasks to its subordinates. To lessen the burden of the subordinates, they delegate the responsibilities and authority.

While delegating the responsibilities and authorities, the levels of managers take into account the deadlines of the tasks. They ensure that the next task will be allotted only if previous all the tasks are cleared and attained.  

Especially the product managers move further with the new target only if the old ones are accomplished. They further start the planning of the upcoming tasks by analyzing and evaluating the capacity at which they can allot the varied tasks to their subordinates.  

Therefore, the correct option is 4. Capacity allocation.

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“Human wants are greater than the resources that are available to satisfy them.” This implies the need for

Answers

Answer:

making choices to allocate resources.

Explanation:

Here is the options that are missing in the question:

Leaving decisions to fate.Working hardermaking choices to allocate resources.Asking for less.

As economist has discussed several times and concluded that human wants are unlimited to add values and comfort to their life, however, mean to satisfy those wants are scares. We are living in a planet, where resources are limited to cater all demands of human being and those limited resources are not allocated equally to fullfil needs of many human being. This unequal distribution have created more scarcity than actually it is. It is important to make choices to allocate resouces.

discuss the misconception and the contradiction in the curriculum for pre vocational subject ​

Answers

Answer:

Pre-vocational education in general aims to make students prepared for a specific vocation, but not in a technical manner. This education often relates to subjects such as time management, workplace ethics, personal financial management, etc.

In general, these subjects' curriculum is not expanded enough, meaning it does not grasp deeper into the specific subject. The reason for this is usually a little allocated time for class. Additionally, the structure of the curriculum is not adapted to the actual needs and educational habits of the students involved. Often, the curriculum becomes irrelevant due to non-timely updating, In order to be relevant for the current time, the curriculum needs to be constantly updated, according to leading technological trends.

The contradiction about a badly constructed curriculum is that it often demands moderate academic knowledge about a certain topic for students. For example, personal finance subjects may demand that a student recognizes key elements and concepts from economics and finance, which are actually academic subjects usually studied later on.

Select the examples that best demonstrate likely tasks for Engineering and Technology workers. Check all that apply.

Nettie grows vegetables for use as food.
Tony uses CAD software to design a product.
Bentley negotiates the price of a product with a customer.
Elva analyzes a plan to identify potential problems with it.
Cara creates an advertisement for a product.
Ward creates technical drawings to help others assemble a product.

Answers

Answer:

2.Tony uses CAD software to design a product

4. Elva analyzes a plan to identify potential problems with it.

6. Ward creates technical drawings to help others assemble a product.

Explanation:

Final answer:

The tasks that best represent the work of Engineering and Technology workers are using CAD software to design a product, analyzing plans to identify issues, and creating technical drawings for product assembly.

Explanation:

The examples that best demonstrate likely tasks for Engineering and Technology workers would primarily include those that relate directly to the design, analysis, and creation of products or systems. In the given list, the tasks that fit this description are:

Tony uses CAD software to design a product.

Elva analyzes a plan to identify potential problems with it.

Ward creates technical drawings to help others assemble a product.

These activities are closely related to the core functions of Engineering and Technology, which involve applying math, science, and technology to develop solutions to problems and to create useful products and systems. Moreover, engineers must have excellent communication skills to collaborate with teams, present ideas, and ensure the success of their projects.a

What will happen to the supply of beef when the price paid for beef cattle drops ?

Answers

Answer:

What will happen to the supply of beef when the price paid for beef cattle drops?

This best explains why there would be an increase in supply of beef as a result on increase in demand due to price reduction of beef cattle

Explanation:

This follows the law of demand and supply, the higher the price the lower the quantity demanded, same with supply as well.


How does education level impact monetary earninas?

Answers

Answer:  

He level of income one can earn post-university is perhaps the easiest to measure return on investment in education. ... Therefore, for an employer, the higher the educational requirement, the more money he is willing to pay. Thus, the higher your level of education, the more you are worth in the job market.

Explanation:

Study Guide Chapter 1
of all laws and
1. The U.S. Supreme Court is the final authority regarding the
government actions

Answers

Answer:

The statement is true. Executive orders from the president and the laws that are passed by the Congress can be challenged before they are agreed and passed. A decision given by the supreme Court is considered final.

However, constitutional amendments can override the supreme court decisions.

Explanation:

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