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gladu [14]
3 years ago
9

Donna has a home currently worth $142,000, for which she still owes $63,000 on her mortgage. She has $18,000 in student loan deb

t and $13,000 in credit card debt. She likes to keep an emergency fund, so she has $1000, in a savings account. Her annual salary this year will be $44,000. What is Donna's net worth?
Business
1 answer:
Elan Coil [88]3 years ago
8 0

Answer:

$49,000

Explanation:

Donna's net worth is the total value of her assets minus the total value of her liabilities.

Donna's total assets = $142,000 + $1,000 = $143,000

Donna's total liabilities = $63,000 + $18,000 + $13,000 = $94,000

Donna's net worth = $143,000 - $94,000 = $49,000

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Soprano Corporation allocates administrative costs on the basis of staff hours. Short-run monthly usage and anticipated long-run
Nuetrik [128]

Answer:

$850,000

Explanation:

Total Hours of Department 1=$80,000+$90,000

=$170,000/$200,000*1000,0000

8 0
3 years ago
1. The point at which quantity demanded and quantity supplied are equal:______
salantis [7]

Answer:

1. Market Equilibrium, 2. Interest Rate, 3. Rationing, 4. Supply Shock, 5. Excess Supply, 6. Excess Demand, 7. Price Floor

Explanation:

1. The point at which quantity demanded and quantity supplied are equal: <u>Market Equilibrium </u>

2. The financial and opportunity costs consumers pay in searching for a good or service : <u>Interest Rate </u>

3. A system of allocating scarce goods and services by criteria other than price: <u>Rationing </u>

4.  A sudden drop in the supply of a good: <u>Supply (decrease - leftward shift) shock </u>

5. Any situation in which quantity supplied exceeds quantity demanded: <u>Excess Supply  </u>

6. Any situation in which quantity demanded exceeds quantity supplied: <u>Excess Demand </u>

7. A government-mandated minimum price that must be paid for a good or service: <u>Price Floor (Minimum Support Price)</u>

8 0
2 years ago
Prepare adjusting journal entries, as needed, for the following items. (If no entry is required for a transaction/event, select
Wewaii [24]

Answer:

Explanation:

The adjusting entries are shown below:

1. Supplies expense A/c Dr $370

       To supplies A/c                          $370

(Being supplies account is adjusted)

The supplies expense is computed by

= Supplies balance - supplies on hand

= $570 - $200

= $370

2. Insurance expense A/c Dr $190

         To Prepaid Insurance                  $190

(Being prepaid insurance is adjusted)

3. Salaries expense A/c $1,280

          To Salaries payable A/c        $1,280

(Being salary is adjusted)

The salaries expense is computed by

= Total five days × number of days ÷ total number of days

= $3,200 × (2 ÷ 5)

= $1,280

4. Electricity expense A/c Dr $270

       To electricity payable A/c          $270

(Being electricity usage is adjusted)

7 0
3 years ago
What is productive efficiency? question 18 options:
slega [8]
<span>What is productive efficiency? A situation in which resources are allocated such that goods can be produced at their lowest possible average cost.

The resources are wanting to be used at the lowest possible average cost so that companies aren't having to give up the production of another item to produce that one. Being efficient while still maintaining good quality is the overall goal of productive efficiency. 
</span>
6 0
3 years ago
Customers are likely to be more price sensitive when
Murljashka [212]
They dont see the end benefit

Not 100% on this one
4 0
3 years ago
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