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
jeka57 [31]
3 years ago
11

You and your new Australian bride Matilda, are applying for a loan and are required to submit a balance sheet with your net wort

h. You own a 2008 Toyota Camry that you bought last month for $9,995. The Kelly Blue Book value for this car is $13,995. You owe $8,150 on the car loan for the Camry. You pay off your Visa credit card every month and have not paid any credit card interest this year. The current Visa credit card balance is $3,522, and the next statement is due in 15 days. You have a student loan balance of $6,500. You presently have $425 in your checking account and $1,540 in your savings account. You own 100 shares of IBM stock that you purchased for $85.50 per share. One share of IBM is now selling for $158.42. You own computers and other electronics that you purchased for $4,100 but could probably sell today on E-bay for $1,800. Your gross income is $80,000 per year. What is your current net worth? (See WB Ch. 2 Example 2.3)
Business
1 answer:
kolbaska11 [484]3 years ago
6 0

Answer:

$15,430

Explanation:

A person's or a couple's net worth is the difference between the value of the total assets that they possess and their total debt.

Couple's assets:

  • Toyota Camry $13,995
  • checking account balance $425
  • savings account balance $1,540
  • IBM stock $15,842
  • electronics $1,800
  • total assets $33,602

Couple's debt:

  • car loan $8,150
  • credit card balance $3,522
  • student loan balance $6,500
  • total debts $18,172

The couple's net worth = $33,602 - $18,172 = $15,430

You might be interested in
What are invoices?????????????
Andru [333]

Answer:

D

Explanation:

Invoices are documents that convey purchases.

3 0
3 years ago
Read 2 more answers
Why is a business plan considered a living document?
steposvetlana [31]

Answer:

Explanation:

A Living Document. A business plan is often referred to as a “living document”. This is because a these plans are constantly changing. Whenever new developments in competition, marketing tools, the legal factors which relate to an industry, or others change a business plan must be updated so as to keep relevant.

3 0
3 years ago
Alice's pasta kitchen makes quality pasta and sells its products to customers in other countries. this is an example of ___
ololo11 [35]
<span>Exporting. Exporting means sending goods or services produced in one country to another country. This is usually carried out with the intention of boosting revenue. Alice, in this instance, is referred to as an exporter; Exporting has a direct influence on a country's economy including but not limited to improving untapped markets, lower unit cost, minimising the effects of seasonal fluctuations in sales and many more.</span>
8 0
3 years ago
What is always true at the quantity where a firm's average total cost equals average revenue?
Juli2301 [7.4K]
The firm is probably at its early stages of development, and is struggling to break even.
8 0
3 years ago
A corporation can earn 7.5% if it invests in municipal bonds. The corporation can also earn 8.40% (before-tax) by investing in p
Lostsunrise [7]

Answer:

A tax rate of 10.71% should make both both indifferent for investors.

Explanation:

the municipal bonds are income-tax free so we should solve for the tax rate which makes both bonds equaly attractive.

0.075 = after-tax rate

0.084 = pre-tax rate

pre-tax (1- t) = after-tax\\0.084 (1-t) = 0.075\\1 - t = 0.075 \div 0.084\\t = 1 - 0.075 \div 0.084\\t = 0.10714285

A tax rate of 10.71% should make both both indifferent for investors.

4 0
2 years ago
Other questions:
  • Last year in Candamica, consumption expenditure was $20 billion, interest, rent, and profit were $2.5 billion, government expend
    7·2 answers
  • Money and farm equipment are examples of
    11·1 answer
  • Which of these postsecondary degrees comes after a master's degree (going from lowest to highest)? A. High school diploma B. Ass
    13·2 answers
  • An invisible barrier that blocks the promotion of a qualified individual in a work environment because of the individual's gende
    15·1 answer
  • Tracy is a salesperson for Zorc Computers and is having trouble getting sales. Her customers
    8·1 answer
  • Tamarisk, Inc. sells merchandise on account for $2500 to Culver Company with credit terms of 2/15, n/30. Culver Company returns
    11·1 answer
  • Forest Components makes aircraft parts. The following transactions occurred in July.
    15·1 answer
  • Gertie sees an ad for Ultra Tide and thinks, "Ultra Tide looks like a really good product—I think I’ll try it." This is an examp
    6·2 answers
  • he Presley Corporation is about to go public. It currently has aftertax earnings of $7,000,000, and 2,000,000 shares are owned b
    15·1 answer
  • Larry values attending NoName at 15000 per year. What is Larry;s economic surplus if he attends state college
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!