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
Katen [24]
3 years ago
11

Select all of the steps for calculating net worth. List your assets. Total your assets. List the names of your credit cards. Tot

al your liabilities. List your liabilities. Subtract your liabilities from your assets. Add your liabilities and your assets.Select all of the steps for calculating net worth. List your assets. Total your assets. List the names of your credit cards. Total your liabilities. List your liabilities. Subtract your liabilities from your assets. Add your liabilities and your assets.Select all of the steps for calculating net worth. List your assets. Total your assets. List the names of your credit cards. Total your liabilities. List your liabilities. Subtract your liabilities from your assets. Add your liabilities and your assets.
English
1 answer:
olga2289 [7]3 years ago
6 0
Steps for calculating Net Worth:
(Chronological order)

1) List all assets (property amount, cash etc) to the left side of the balance sheet & add asset total

2) list all liabilities (credit amount, loan, bank account) to the right side & add liabilities total

3) To get Owner's equity- you must subtract asset total and liabilities total.

For ex. 25.00 (asset total) - 20.00 (liabilities total) = 5 dollars for Owner's Equity

4) final step- in order to find the 'total liabilities & owner's equity you add the total liabilities + owner's equity = 'total liabilities & owners equity

For ex. 20.00 (liabilities total) + 5 dollars (Owner's Equity) = 25 dollars is the (total liabilities & Owner's equity.)


In order for a successful balance sheet: Assets total must equal 'total liabilities & Owner's Equity.'

In this case, our assets total of (25.00) is equal to 25.00 dollars for the total liabilities & Owner's Equity, because we added the liabilities total of (20.00) + (5.00 dollars) of the Owner's Equity equals (25.00 dollars of the total liabilities & Owner's Equity.
You might be interested in
An index will help you locate information in your materials during an open book test. Please select the best answer from the cho
Alenkasestr [34]

Answer:

True

Explanation:

An index is a list of words or phrases and other similar ideas that point you to where useful material relating to that heading can be found in a text.

5 0
2 years ago
What is the voice of the following sentence?
Andrew [12]
Its would be A- active 
Hope i helped!!....
6 0
3 years ago
Read 2 more answers
Which of the following choices is the BEST example of a complete paragraph? a. Pets are great. Many families have pets. They can
Maksim231197 [3]
I would say b. I thin ki would choose that one.
3 0
3 years ago
What does plot and exposition mean
patriot [66]
Plot-<span>the main events of a play, novel, movie, or similar work, devised and presented by the writer as an interrelated sequence.
Exposition-</span>Exposition<span> is a </span>literary<span> device used to introduce background information about events, settings, characters etc. to the audience or readers. </span>
7 0
3 years ago
Read 2 more answers
What is the setting of chapter 2 of the time machine
stepan [7]

The narrator meets the Medical Man at the Linnaean Society in the city. The Medical Man thinks the Time Machine thing was a trick, but he can't figure out how the Time Traveller did it. The narrator goes back the following week for the Time Traveller's weekly dinner party.

4 0
3 years ago
Other questions:
  • Write a diary entry: a day in the life of Crooks from Of Mice and Men
    7·2 answers
  • Maria and Jennifer are having drinks at a local bar, and both are a bit tipsy. As the night goes on, Maria asks Jennifer to trad
    7·1 answer
  • Someone please answer this for points!
    7·1 answer
  • Which BEST supports this set of events?
    6·1 answer
  • How did helping people affect attitudes toward the USA and Soviet Union
    14·1 answer
  • What is pollys reaction when the trio comes upon a boy fishing
    8·1 answer
  • Please can someone help my assignment in English.​
    14·1 answer
  • Tigers are being killed indiscriminately.(change into active voice)​
    14·1 answer
  • If someone was writing or talking about helen keller How does the author use imagery, or words and phrases that appeal to the fi
    8·1 answer
  • What are some good books to read for teens
    12·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!