Credit counselors often suggest the use of the 20/10 Rule to people beginning to use credit: Your total borrowing should never exceed 20 percent of your yearly take-home pay, and you should
never take on monthly payments that total more than 10 percent of your monthly take-home pay.
If your yearly take-home pay is $27,000, your total borrowing should not exceed .
If your monthly take-home pay is $2,250, your monthly credit payments should not be more than

Which of the following statements is correct? a. two firms with identical sales and operating costs but with different amounts of debt and tax rates will have different operating incomes by definition. b. free cash flow (fcf) is, essentially, the cash flow that is available for interest and dividends after the company has made the investments in current and fixed assets that are necessary to sustain ongoing operations. c. retained earnings as reported on the balance sheet represent cash and, therefore, are available to distribute to stockholders as dividends or any other required cash payments to creditors and suppliers. d. if a firm is reporting its income in accordance with generally accepted accounting principles, then its net income as reported on the income statement should be equal to its free cash flow. e. after-tax operating income is calculated as ebit(1 - t) + depreciation.

Your father's employer was just acquired, and he was given a severance payment of $375,000, which he invested at a 7.5% annual rate. he now plans to retire, and he wants to withdraw $35,000 at the end of each year, starting at the end of this year. how many years will it take to exhaust his funds, i.e., run the account down to zero? a. 22.50 b. 23.63 c. 24.81 d. 26.05 e. 27.35

The research of robert siegler and eric jenkins on the development of the counting-on strategy is an example of design.