The difference between the total assets of a firm and its total liabilities is called <u>net worth</u>.
Net worth is the value of all of your property, minus the whole of all your liabilities. Positioned every other manner, it's miles what you personal minus what you owe. If you owe extra than you own, you have got a bad internet worth. if you very own greater than you owe you will have a nice net well worth.
Net worth is the price of all of the non-economic and economic assets owned with the aid of a man or woman or group minus the fee of all its fantastic liabilities. Net actual worth is the cost of all assets, minus the whole of all liabilities. placed any other manner, internet well worth is what's owned minus what is owed.
The meaning of total assets is all of the property or objects of cost, a small commercial enterprise owns. Included in total belongings are coins, bills receivable (cash thanks to you), inventory, devices, equipment, and so on.
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Control+Shift+Enter
Array functions in excel are powerful tools sometimes refereed to as "CSE" functions because you have to press Control+Shift+Enter in order to enter them in your worksheet.
Answer:
Alice should exercise the option and pay $100,000 for the land.
Explanation:
As Alice has paid $20,000 for the option to acquire the land of ten acres.
In 1985, the worth of land was $120,000 but in 1992, the worth changed to $110,000. She should exercise the option because the inflation rate is the reason in the decrease in the worth of land. By buying the land, she can utilize the land by investing in it instead of holding the money as it will depreciate. By investing the money, she will get the profit and will increase in her wealth. Moreover, she can use other options by selling to another person after adding some value to the land and can get the profit.
Answer:
The correct answer is True.
Explanation:
This statement, a cost object is anything for which management desires a separate tracking of costs, while a cost driver is the factor that causes the cost object to increase or decrease, is correct.
These terms are mostly used in activity based costing (ABC) system.
Examples of Cost Object are material procurement costs, quality control costs, materal handling costs, line set up costs e.t.c.
Example of Cost drivers are number of purchase orders, number of inspections, numbers of set-ups e.t.c.
