What is likely to be an individual’s single biggest asset?

1 answer:

4 0

Let's think about a typical person possessing some jewelry, home and a car - their hope is typically the most expensive of those (it also makes sense, since it's the one that's the hardest to be stolen).

Also, people more typically invest in property rather than keep the money on the account - so the correct answer is d)

You might be interested in

What man is responsible for creating the idea for assembly-line production, which drove down the cost of manufactured goods? har

WITCHER [35]

I believe the correct answer from the choices listed above is the third option. The man responsible for creating the idea for assembly-line production, which drove down the cost of manufactured goods would be Henry Ford. <span>One of America's foremost industrialists, </span>Henry Ford<span> revolutionized assembly-line modes of production for the automobile.</span>

7 0

3 years ago

Read 2 more answers

The Stibbe Construction Company switched from the completed contract method to the percentage-of-completion method of accounting

Svetllana [295]

Answer:

The correct answer is A

Explanation:

Change in accounting principle is the term which is defined as when the business choose among the GAAP (generally accepted accounting principles) or changes the method with which the principle is used. These principles impact the way or the method used, and then estimates the particular recalculation.

For example, company using the different method of depreciation after the 1st year of operations pr switching among FIFO to LIFO methods of inventory valuation.

So, in this case, the company switch or change the completed contract method to the percentage of completion accounting method. Therefore, the company uses the change in the accounting principle.

6 0

3 years ago

Read 2 more answers

What kind of debts are not discharged by bankruptcy?

11Alexandr11 [23.1K]

Child support and alimony
Fines, penalties, and restitution for breaking the law
Certain tax debts
Debts arising out of someone's death or injury as a result of your intoxicated driving

3 0

3 years ago

The composition of the Fingroup Fund portfolio is as follows: Stock Shares Price A 320,000 $ 40 B 420,000 45 C 520,000 10 D 720,

Alja [10]

Answer:

The correct answer is $7.94.

Explanation:

According to the scenario, the computation of the given data are as follows:

Total value of shares = ( 320,000 × $40 ) + ( 420,000 × $45) + (520,000 × $10) + 720,000 × $15)

= $12,800,000 + $18,900,000 + $5,200,000 + $10,800,000

= $47,700,000

So we can calculate the net asset value by using following method:

Net asset value = (Total value - Expenses ) ÷ Shares Outstanding

By putting the value, we get

= ( $ 47,700,000 - $ 40,000) ÷ $6,000,000

= $7.94

3 0

3 years ago

Taxes and needs-tested spending work as automatic fiscal policy to dampen the business cycle because taxes ______ during an e

luda_lava [24]

The answers to the blanks provided above are DECREASES and INCREASES, respectively. This is based on the concept of what a business cycle is. What happens during recession is that they try to restore the economy by expansion, and therefore, through this, the government increases their spending and cutting taxes as well.

8 0

3 years ago