Answer:
$88,700
Explanation:
Given:
Keisha owns a house value $275,000 with a mortgage of $195,000. She owns a car value $12,000 and has $7,500 in car loans.
She has $3,000 in investments, $2,700 in a bank account, and owes $1,500 on a credit card.
Hence, The net worth of Keisha is $88,700
Answer:
Cylinder seals
Explanation:
The human species originated in Africa around 300,000 years ago, but the first civilization that modern archaeologists have discovered was located in Sumer, Mesopotamia, around 10,000 BC.
Mesopotamians invented agriculture, writing, art, culture and trade. One of the ways to control goods produced and traded was to trademark them with cylinder seals specially to mark items on clay. They used clay a lot, for writing, pottery and construction.
Answer:
is calculated after the variable cost per unit is calculated
Explanation:
Costing is the measurement of the cost of production of goods and services by assessing the fixed costs and variable costs associated with each step of production.
In Financial accounting, fixed cost can be defined as predetermined expenses in a business that remain constant for a specific period of time regardless of the quantity of production or level of outputs. Some examples of fixed costs in business are loan payments, employee salary, depreciation, rent, insurance, lease, utilities, etc.
On the other hand, variable costs can be defined as expenses that are not constant and as such usually change directly and are proportional to various changes in business activities. Some examples of variable costs are taxes, direct labor, sales commissions, raw materials, operational expenses, etc.
Using the high-low method, the fixed cost can only be calculated after the variable cost (VC) per unit is calculated through the application of either the low or high level of activity.
Answer: The shareholders could lose their investments.
Explanation:
The above scenario given in the question will lead to shareholders losing their investments. This is because the shareholders are not carried along with regards to happening in the company.
Also, the company is not filing the annual reports required by law and they also have failed to conduct annual shareholders meeting and their bylaws have been out of date and not followed for about four years. Also, their stock prices can be discounted due to improper practices.
