Ask Question
BusinessBusiness
8 February, 22:45

What is the best explanation of "debt-to-income" ratio?

+1
Answers (2)
  1. 8 February, 23:34
    0
    A low debt to income ratio is a good balance in debt income and a high debt income ain't very good and is hard to live off of
  2. 9 February, 00:23
    0
    A low debt-to-income ratio demonstrates a good balance between debt and income. Lenders like the number to be low because, according to studies of mortgage loans, borrowers with a lower debt-to-income ratio are more likely to successfully manage monthly debt payments.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “What is the best explanation of "debt-to-income" ratio? ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
Continuous improvement is primarily concerned with which of these criteria
Answers (1)
The idea of corporate social responsibility is irrelevant when private profits are aligned to public interests. (From reading 11) Group of answer choices True False
Answers (1)
Data for Hermann Corporation are shown below:Per unit Percent of SalesSelling price $90 100%Variable expenses 63 70%Contribution margin $27 30%Fixed expenses are $30,000 per month and the company is selling 2,000 units per month.
Answers (1)
Within the relevant range, which of the following statements is true with respect to fixed costs per unit? A. They will increase as production decreases. B. They will increase as production increases. C. They will decrease as production decreases. D.
Answers (1)
Pina Colada Corp. wrote checks totaling $42270 during October and $46160 during November. $40190 of these checks cleared the bank in October, and $45095 cleared the bank in November. What was the amount of outstanding checks on November 30?
Answers (1)
New Questions in Business
The new oven in Mr. Browns bakery allows him to produce bread more efficiently and more cheaply.
Answers (1)
Broadbent's model is called an early selection model because
Answers (1)
If a company failed to make the end-of-period adjustment to move the amount of management fees that were earned from the Unearned Management Fees account to the Management Fees Revenue account, this omission would cause:a.
Answers (1)
The direct method for preparing and reporting the statement of cash flows reports net income and then adjusts it for items necessary to calculate net cash provided or used by operating activities.
Answers (1)
Which of the following is not a pathway to paternity? Select one: a. marriage b. AOP Legal Document c. None of the above
Answers (1)
Home » Business » What is the best explanation of "debt-to-income" ratio?
Sign Up Forgot Password?