Christine Just Finished Her First Year of Work Following Graduation,and

question 82

Essay

Christine just finished her first year of work following graduation,and she feels it is time she assess her financial situation.Her annual gross income is $45,000,and her income after taxes is $35,800.She has the following liabilities.What is Christine's debt safety ratio,and what does it say about Christine's financial situation?

---

Definitions:

Hydroelectric Dams

Dams built to generate electricity by using the energy of water flowing through turbines.

Ocean Tides

The regular rise and fall of the sea level caused by the gravitational pull of the moon and sun on the Earth's oceans.

Turbines

Machines for producing continuous power in which a wheel or rotor, typically fitted with vanes, is made to revolve by a fast-moving flow of water, steam, gas, air, or other fluid.

Unison

The act of doing something at the same time as someone else or the condition of being in full agreement.