All categories

3 years ago

How is it possible to have a large amount of assets but only modest net worth?

Business

1 answer:

nevsk [136]3 years ago

3 0

Answer:

one possibility is that you spent more on your assets, than your assets are making. In other words, some assets may have a low or negative net worth

You might be interested in

Describe voluntary exchanges

Ann [662]

Voluntary exchange is the actions of buyers and sellers freely coming together in the marketplace to buy and sell goods. They are not restricted or told what to buy, how to buy it, or how much, by the government or any other regulator.

6 0

3 years ago

Swiss Furniture Company manufactures bookshelves and uses an activityminus−based costing system. The following information is pr

UkoKoshka [18]

Answer:

Cost of material handling and assembling per book shelf = $135.0811

Explanation:

Material Handling = $7,700 for 10,430 parts

Assembling = $10,600 for 10,430 parts

Packaging $2,640 for 1,490 bookshelves.

Each bookshelf consists 77 parts

We need to calculate material handling and assembling cost per book shelf.

Material handling cost per part = $7,700/10,430 = 0.738

Cost for 77 parts = 0.738 X 77 =$56.826

Assembling costs per part = $10,600/10,430 = $1.0163

Cost for 77 parts = $1.0163 X 77 = $78.2551

Cost of material handling and assembling per book shelf = $56.826 + $78.2551 = $135.0811

8 0

3 years ago

The leading and the lagging strands differ in that _____.

lesya692 [45]

Answer: Option (C)

Explanation:

The known key difference in between the leading and lagging strand can be described as that leading strand is referred to as DNA strand, that tends to grows continuously during the process of DNA replication on the other hand lagging strand is known as DNA strand, which tends to grow discontinuously by formulating the segments referred to as the Okazaki fragments.

3 0

3 years ago

Exercise 15-14 Presented below are two independent situations. 1. Flinthills Car Rental leased a car to Jayhawk Company for one

IrinaVladis [17]

Answer:

Part 1

Dr Lease rentals $300........ Expense

Cr Cash Account $300

Part 2

Dr Leased Equipment $63,536

Cr Finance Lease Liability $63,536

Explanation:

Part 1. Under the operating leases the lessee pays the monthly rentals which must be accounted for as an expense and the double entry is as under:

Dr Lease rentals $300........ Expense

Cr Cash Account $300

Part 2. Under the finance lease agreement, the lessee pays the value of the asset and the interest as well. So after the date of agreement when the asset is handed over the journal entry would be recording of the equipment received, which would written at its fair value or present value of the payments made. The journal entry would be:

Dr Leased Equipment $63,536

Cr Finance Lease Liability $63,536

8 0

3 years ago

When an individual withdraws funds from a checking account the: Select one: a. bank's balance sheet shrinks but the size of the

OleMash [197]

Answer:

c. bank's balance sheet shrinks but the size of the Fed's balance sheet is not affected

Explanation:

In the case when an individual withdraws the amount from the checking account so the balance sheet of the bank should shrink but overall the size of the balance sheet of fed is not impacted

So according to the given situation, the option c is correct

Hence, the same should be considered

4 0

3 years ago