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gizmo_the_mogwai [7]
3 years ago
13

asmine Smith owns a condo worth $250,000, a car valued at $15,000, and miscellaneous assets worth $7,500. She owes $190,000 on t

he condo and $10,000 on the car and has no other debts. Her retirement account, in which she is fully vested, contains $28,000 in mutual funds. She was just insured with a $300,000 term life insurance policy. What are her total liabilities?
Business
1 answer:
tester [92]3 years ago
4 0

Answer:

The total liabilities amounts to $200,000

Explanation:

The total liabilities of Asmine Smith is computed as:

Total Liabilities = Owing on Condo + Owning a Car

where

Owning on Condo is $190,000

Owning a Car is $10,000

Putting the values above:

= $190,000 + $10,000

= $200,000

Note: Sum Insured under the Insurance Policy, is neither a liability nor assets. And Premium paid is an expense, will be treated as Current Assets.

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2 years ago
Assuming a speed limit is 105 km/hr, what is this in miles per hour? A. 55.247 mph B. 50.247 mph C. 60.247 mph D. 65.247 mph
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Management of Mcgibboney Corporation has asked your help as an intern in preparing some key reports for November. The beginning
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Answer:

$87,000

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Which level of quality of information would eventually exist in the market for lemons assuming there was no way to gain assuranc
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