Robert Feels His Personal Finance Is Not So Healthy in Terms

question 73

Multiple Choice

Robert feels his personal finance is not so healthy in terms of managing debt.He has a $12000 credit card liability,a $10000 car loan,and a $300 000 mortgage liability.Robert possesses a car worth $12000 and a house worth $388000.What is Robert's debt-to-asset ratio?

• A)80.5 percent
• B)77.3 percent
• C)83.3 percent
• D)Insufficient information to calculate

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Definitions:

Pollution Levels

The concentration of harmful substances in the environment, indicating the degree of pollution and potential risks to health and ecosystems.

Coal-Burning Facilities

Industrial plants where coal is used as the primary fuel to generate electricity or heat through combustion.

Cap-and-Trade

An environmental policy tool that sets a limit (cap) on emissions and allows entities to buy and sell allowances (trade) for emitting pollutants, aiming to reduce overall pollution in a cost-effective manner.

Gaseous Fuel

Fuel in a gaseous state used for heating, cooking, or powering vehicles, such as natural gas or propane.