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After graduating from Concordia, Paulo successfully completed the mandatory real estate training and certification examination t become a real estate agent. He was hired by
After graduating from Concordia, Paulo successfully completed the mandatory real estate training and certification examination t become a real estate agent. He was hired by RE/MAX, the real estate agency where he sold his first home in the first month, earning him a commission of $30,000! He is ready to close on the sale of a second condo and earn another $25,000! All of his disposable income is used to pay for his new Tesla, his debts, and his living expenses. Based on the information below, what is Paulo's Debt-to-Asset ratio? Description Amounts Tesla auto (amount is net of the electric car rebate) $52,900 Auto loan (5 years remaining) $32,700 Tuition loan for Concordia degree $3,200 Savings account $1,050 $550 Chequing account Utility bills (heating, internet - paid monthly) $220/month Tax-Free Savings Account (TFSA) $12,340 Groceries (paid monthly) $400/month Rent (paid monthly) $1,900/month 47.24% B 55.98% 25.01% D 51.02% E 53.71%
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