1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
BigorU [14]
3 years ago
11

Lana owns a house worth $325,000 and has a mortgage of $245,000. She owns a guitar worth $750. She also owns a car worth $15,000

and has $9,000 in car loans. She has $8,000 in stock investments and $2,100 in a savings account. What is Lana’s net worth?
Business
2 answers:
patriot [66]3 years ago
9 0

Net worth = total assets - total liabilities

Your net worth is all of the non-financial and financial assets that a person or unit own minus all of the outstanding liabilities.

An asset is anything of value and a liability is all debt owed.

Total assets

325,000 (house) + 750 (guitar) + 15,000 (car) + 8,000 (investments) + 2,100 (savings)

=350,850

Total liabilities

245,000 (mortgage) + 9,000 (car loans)

=254,000

Net worth

350,850 − 254,000

=96,850

zloy xaker [14]3 years ago
5 0
Net worth=total assets-total liabilities

Total assets
325,000+750+15,000+8,000+2,100
=350,850

Total liabilities
245,000+9,000
=254,000

Net worth
350,850−254,000
=96,850

Hope it helps!
You might be interested in
List one big thing that you would like to buy. What short-term, mid-term, and long-term goals would you need in order to make th
OleMash [197]
I would like to buy a mansion
short term goals will be, work at McDonald until 40
mid-term goals will be do a online job
Long-term goals will be get a great paying job and finish High school and collage.
hope this helps.

4 0
3 years ago
Acme Company has variable costs equal to 30% of sales. The company is considering a proposal that will increase sales by $12,000
mina [271]

Answer:

$0

Explanation:

The net income is the difference between the sales and total cost which comprises of the variable cost and fixed cost. The sales and variable cost are dependent on the number of units sold.

Let

u = number of units

s = selling price per unit

v = variable cost per unit

F = Fixed cost

I = Net income

I = su - F - vu

but vu = 0.3su

Hence

I = su - 0.3su - F = 0.7su - F

Given that the proposal will increase sales by $12,000,

New sales = su + 12000          ( in $)

and total fixed costs by $8,400

New fixed cost = F + 8400

New variable cost = 0.3( su + 12000) = 0.3su + 3600

New net income = su + 12000 - 0.3su - 3600 - F - 8400

= 0.7su - F

New net income is same as the old net income hence no increase.

4 0
3 years ago
_____-is the cost of the merchandise that the merchandiser has sold.
Effectus [21]

It should be the price right?

7 0
3 years ago
Read 2 more answers
The following information is for employee William Heedy for the week ended March 15.
ioda

Answer:

1. b. $896.00

2. c. $317.20

3. a. $578.80

4. b. $67.20

5. d. $4.80

Explanation:

1. WIlliam's total earnings

40 hours at $16 = $640

8 hours at $32 = $256

Total                  = $896

2. WIlliam's total deductions

Income Tax                                        $200

United Fund deduction                     $50

Social security tax (6% * $896)         $3.76

Medicare tax (1.5% * $896)                <u>$13.44</u>

Total                                                    <u>$317.20</u>

3. William's net pay

= Total earnings - Total deductions

= $896 - $317.20

= $578.80

Cash Paid is $578.80

4. Employers FICA based on Williams pay

Social Security and Medicare taxes = 7.5% * $869 = $67.20

5. Employers Federal Unemployment based on Williams pay

Federal unemployment tax = 0.8% * $600 = $4.80

7 0
3 years ago
The _____ was established by Congress to encourage American firms to focus on quality improvement in order to improve their glob
V125BC [204]

Answer:

The correct answer is: Baldridge Performance Excellence Program.

Explanation:

To begin with, the <em>"Baldridge Performance Excellence Program"</em> is the name given to the program that was established by the United States of America in order to encourage the companies of the country to improve their performance regarding the economy and the globalization that was happening at the time the program was created. It receives its name from the ex secretary of commerce Malcom Baldridge and the award gives to the company selected the recognition of having performance excellence in the its field  

5 0
3 years ago
Other questions:
  • John and Shirley have one child eligible for the Child Tax Credit, file their tax return as married filing jointly and, at a $41
    13·1 answer
  • Jacques manages a team of 15 employees. One of these employees behaves in a disruptive manner, and despite using reminders, disc
    15·2 answers
  • Qs 14-2 fixed and variable costs lo c2 a cell phone company offers two different plans. plan a costs $80 per month for unlimited
    11·1 answer
  • The stage of the new-product process that involves developing a pool of concepts to serve as candidates for new-products is refe
    12·1 answer
  • 71. When making decisions that are ethical under either profit maximization or corporate citizenship theories, a business should
    12·2 answers
  • magine that the current owner of the land in the previous exercise was willing to sell the land for $2 million. Assuming this am
    8·1 answer
  • 1. Kampman Company projects 2019 first quarter sales to be $ 20 comma 000 and increase by 5​% per quarter. Determine the project
    5·1 answer
  • The tiny isolationist nations of Lorland and Zhangia are considering opening their borders to trade with each other. Both nation
    5·1 answer
  • Prepare journal entries to record each of the following transactions. The company records purchases using the gross method and a
    13·1 answer
  • Measuring performance relative to planned objectives and standards is part of:.
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!