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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

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You are considering investing $1,000 in a T-bill that pays 0.05 and a risky portfolio, P, constructed with 2 risky securities, X
Leokris [45]

Answer:

% in T bills = 18.92%, % in P = 81.08%

Explanation:

Portfolio return = Weighted average return

Return of portfolio P = 0.14*0.6 + 0.10*0.4

Return of portfolio P = 0.124

Let % money in T bills be x

0.11 = 0.05*x + 0.124*(1-x)

0.11 = 0.05x + 0.124 - 0.124x

0.014 = 0.074x

x = 18.92%

Hence, % in T bills = 18.92%, % in P = 81.08%

3 0
3 years ago
Divide the following by short division:<br> 3) 186
Goryan [66]

Answer:

62

Explanation:

I first divided 3 into 180 which is 60 because 18 divided by 3 is 6 and then you add back on that 0 getting to 60.  Then for the 6, divide that by 3, which is 2 which you add to the 60 getting to 62.

I hope this helps and please don't hesitate to ask if there is anything still unclear!

7 0
2 years ago
What is characteristic of an organization in which salespeople do most or all of their own marketing?
Pavel [41]

Answer:

private

Explanation:

people are doing private marketing to earn money for themselves

5 0
3 years ago
A company has established that the relationship between the sales price for one of its products and the quantity sold per month
notka56 [123]

Answer:

Q = 450

P = 35

Explanation:

TR = P x Q = (75 - 0.1Q) x Q = -0.1Q2 + 75Q

Then, Cost = (30Q + 1,000)

Profit: Total revenue - C

-0.1q2 + 75Q - 30q - 1,000 = -0.1q2  + 45q - 1,000

as this is a quadratic function we identify a b c:

a= -0.1 b = 45 x = -1000

the profit maximum point is at the vertex:

-b/2a = -45/ 2(-0.1) = -45/-0.1 = 450

The profit maximize at Q = 450

P = 75 - 0.1x450 = 35

3 0
3 years ago
Governments that centralize their risk financing activities should account for this activity in which type of fund?
kari74 [83]

Answer:

The correct answer is letter "D": Either the General Fund or Internal Service Fund is acceptable.

Explanation:

The General Fund is used by the government to record all the inflows and outflows of the transactions related to daily use expenditures and long-term operations. The agency that provides the resources is the Department of Treasury through loans receivable.  

The Internal Service Fund record all transactions derived from the expenditures in the use of goods or services among government departments and agencies on a cost-reimbursement basis.

Thus, when reporting governmental financial activities, the can be recorded in the General Fund or the Internal Service Fund.

7 0
3 years ago
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