Which of the following is the correct formula for calculating the debt safety ratio?
A) Total Monthly Consumer Credit Payments ÷ Monthly Take-Home Pay
B) Monthly Take-Home Pay ÷ Total Monthly Consumer Credit Payments
C) Total Monthly Consumer Credit Payments ÷ Gross Monthly Pay
D) Gross Monthly Pay ÷ Total Monthly Consumer Credit Payments
E) Gross Monthly Pay ÷ Monthly Take-Home Pay
Correct Answer:
Verified
Q44: Any credit card purchase will effectively be
Q45: As a percent of take-home pay, monthly
Q46: Which of the following cards provides direct
Q47: Which of the following cards are issued
Q48: Retail charge cards are advantageous to merchants
Q50: _ are targeted at people with bad credit
Q51: A frequent flyer card can be aptly
Q52: Which of the following statements about the
Q53: James finds it difficult to manage credit
Q54: Clare's annual gross salary is $36,000, and
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents