Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  3. question 7 (1 point) you own a property and peed t

Question 7 (1 point) You own a property and peed to calculate the debt coverage...

60.1K

Verified Solution

Question

Finance

image
Question 7 (1 point) You own a property and peed to calculate the debt coverage ratio to make sure you comply with lender reporting requirements. The property's Nol is $27,000. You acquired the property for $455,000. The loan included a down payment of 30% and a mortgage constant of 0.06442. QUESTION: What is your debt coverage ratio (DCR)? Show this with 2 decimal points. For example, enter 1.54 instead of rounding down to 1.5

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Read t ETAILS 61 or the ellipse that satisfies the given condi hajor axis 12...

Basic Math
Q

Please answer in detail the discussions questions below. 1. Why do optical fibers have a minimum...

Physics
Q

7 The best media format for bacterial species isolation is a Broth media b Slant...

Biology
Q

Which of the following is the contrapositive and negation of the following conditional statement?"If I...

Basic Math
Q

At the age of 24 to save for retirement you decide to deposit 10 at...

Algebra
Q

compute depreciation for each year (and total depreciation of all years combined) for the machine...

Accounting
Q

P2-1A McKay Disc Golf Course was opened on March 1 by Evan McKay. The following...

Accounting
Q

Majestic Corporation manufactures wheel barrows and uses budgeted machine hours to allocate variable manufacturing overhead....

Accounting
Q

Geelong Quality Products has recently developed standard of a new product. It is estimated that...

Accounting
Q

The following information is available for Pioneer Company: . . Sales price per unit is...

Accounting
Q

Which of the following statements about life cycle costing is true? Life cycle costing is...

Accounting
Q

Juniper Corp. makes three models of insulated thermos. Juniper has S301,000 in total revenue and...

Accounting