Question
Richard earns $50,000 per year, and has a mortgage payment of $980 per month. Property taxes per year of $4300 and her heating costs are
Richard earns $50,000 per year, and has a mortgage payment of $980 per month. Property taxes per year of $4300 and her heating costs are $30 per month. There is also a car loan with payments of $170 per month.
- What is Richard's GDS?
- What is Richard's TDS?
- Can Richard qualify for a loan? Why?
- If Richard also has a credit card with $1000 of debt and a $3000 limit, how does that change the numbers?
- Assume Richard does not have the credit card. Consider only Richard's TDS. (Ignore GDS.) How much more debt could Richard take?
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International Financial Reporting Standards An Introduction
Authors: Belverd Needles, Marian Powers
2nd edition
053847680X, 978-1111793234, 1111793239, 978-0538476805
