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
Mumz [18]
3 years ago
15

Theresa owes $9,000 on her car loan. If the value of her car is $15,000, what is her equity in the car?

Business
1 answer:
pentagon [3]3 years ago
7 0

Answer:

Theresa has $6,000 in equity.

Explanation:

To get this answer, you take the value of her car ($15,000) and subtract the amount that she owes from it ($15,000-$9,000). This gives you $6,000.

Hope this helps!

You might be interested in
As time passes, fixed assets other than land lose their capacity to provide useful services. To account for this decrease in use
alexgriva [62]

Answer:

Depreciation

Explanation:

Depreciation is the systematic allocation of estimated cost to an asset. Methods include straight line, sum of the year digits, double declining etc. The entries for recognizing this cost are;

Debit depreciation expense

Credit Accumulated depreciation

Hence to account for this decrease in usefulness, the cost of fixed assets is systematically allocated to expense through a process called depreciation.

6 0
3 years ago
Information for Hobson Corp. for the current year ($ in millions):
madam [21]

Answer:

Income before tax of $17,000,000

net income                   $12,750,000

Explanation:

Hobson income from continuing operations can be computed by eliminating transactions relating to discontinued operations from the details provided:

Income from continuing operations     $215,000,0000

additional warranty expense                  ($70,000,000)

additional depreciation                           ($145,000,000)

non-deductible portion of advertising        $17,000,000

income before tax                                        $17,000,000

tax  at 25%*$17 million                                    ($4,250,000)

Net income                                                      $12,750,000  

8 0
3 years ago
Simpkins Corporation does not pay any dividends because it is expanding rapidly and needs to retain all of its earnings. However
suter [353]

Answer:

The stock will trade for 4.30 dollars in the market

Explanation:

The stock will be valued at the discounted value of their future cash flow.

w calculate the cas flow by multiplying by the grow rate given.

Then we discount using the present value of a lump sum:

\frac{Maturity}{(1 + rate)^{time} } = PV  

Maturity  $0.5000  

time   3.00  

rate  0.18

\frac{0.5}{(1 + 0.18)^{3} } = PV  

PV   0.30  

Then, for the entire of the dividend after year 6th we use the gordon model:

dividends / (rate - grow) and then we discount that

\frac{dividends}{return - growh}

Y# Cashflow Discounted

0 0          

1 0        

2 0          

3 0.5                 0.304315436

4 0.825         0.425525822

5 1.36125          0.595014921

6 1.4565375 2.971555503

Total 4.296411682

8 0
3 years ago
3 · 32 + 8 ÷ 2 − (4 + 3)<br><br> A. <br> 30<br> B. <br> 23<br> C. <br> 24<br> D. <br> 32
JulsSmile [24]

3. The answer is 24 [c]

4 0
3 years ago
The Consumer Price Index (CPI) is best used to determine
nlexa [21]

The answer is<u> "B) the rate of inflation".</u>


Inflation alludes to a general increment in the Consumer Price Index (CPI), which is a weighted normal of costs for various products. The arrangement of products that make up the record relies upon which are viewed as illustrative of a typical utilization crate. Therefore, contingent upon the nation and the utilization propensities for most of the populace, the file will include diverse merchandise. A few merchandise may record a drop in costs, though others may build, along these lines the general estimation of the CPI will rely upon the heaviness of every one of the products as for the entire bin. Yearly expansion, alludes to the percent change of the CPI contrasted with that same month of the earlier year.

8 0
3 years ago
Read 2 more answers
Other questions:
  • The main output of qualitative risk analysis is updating the
    11·1 answer
  • ecan Theatre Inc. owns and operates movie theaters throughout Florida and Georgia. Pecan Theatre has declared the following annu
    13·1 answer
  • Which organization sets monetary policy for the United States? Board of Governors Congress Federal Open Market Committee Federal
    9·2 answers
  • Firms classified as being part of the sharing economy and collaborative consumption are still considered too risky to attract su
    12·1 answer
  • Lobbyists are able to have influence on the policy-making process aftera law leaves the legislature because
    6·1 answer
  • Laura is forecasting the time and cost of developing an intranet for a new customer. Her department has completed six such intra
    5·1 answer
  • What is the nature of DENEL​
    10·2 answers
  • If a company has two projects of equal value to selected from how would they decide which one to choose for their budget?
    5·1 answer
  • the direct write-off method is used for tax purposes but is generally not permitted for financial reporting. true or false?
    13·1 answer
  • TB MC Qu. 11-59 (Static) A limitation of the internal rate of return... A limitation of the internal rate of return method is th
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!