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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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__________ is marketing research to better describe marketing problems, situations, or markets such as the market potential for
Alenkasestr [34]

Answer:

<em><u>Marketing</u></em><em><u> </u></em><em><u>research</u></em><em> </em><em>is marketing research to better describe marketing problems, situations, or markets such as the market potential for a product or the demographics and attitudes of consumers.</em>

<em>What </em><em>is </em><em>marketing</em><em> </em><em>research</em><em>?</em><em> </em>

<em>Marketing research is the process of designing, gathering analyzing and reporting information that may be used to solve a specific marketing </em><em>problem.</em>

3 0
2 years ago
A maker of soaps and lotions noticed a blind person having difficulty comparing products while shopping in one of her stores. Sh
Darina [25.2K]

Answer:

Proactive

Explanation:

Did the test myself

7 0
3 years ago
At the beginning of his current tax year, David invests $13,410 in original issue U.S. Treasury bonds with a $10,000 face value
vagabundo [1.1K]

Answer:

The amount of income that David will report this year if he elects to amortize the bond premium is $455.94.

Explanation:

This can be calculated as follows:

Interest income = Carrying value of the bond * Yield to maturity…………….. (1)

Where;

Carrying value of the bond = $13,410

Yield to maturity = 3.4%

Substituting the values into equation (1), we have:

Interest income = $13,410 * 3.4% = $455.94

Therefore, the amount of income that David will report this year if he elects to amortize the bond premium is $455.94.

6 0
3 years ago
The ability to meet short-term obligations and to efficiently generate revenues is called?
Rama09 [41]

The ability to meet short-term obligations and efficiently generate revenues is called Liquidity and efficiency.

When a financial asset or security may be quickly and easily converted into cash without depreciating in value, this is referred to as having liquidity.

In other words, the degree to which an asset may be swiftly purchased or sold on the market at a price representing its underlying value is referred to as liquidity. Due to its ease and speed of conversion into other assets, cash is regarded as the most liquid asset.

Business efficiency is the amount of output a firm or organization can create given the time, money, and resources available. In other words, a company's efficiency refers to how well it can turn resources like labor, capital, and raw materials into services and goods that generate income.

To learn more about Liquidity and Efficiency refer to:

brainly.com/question/14611247

#SPJ1

8 0
1 year ago
A car rental agency rents 200 cars per day at a rate of 29 dollars per day. For each 1 dollar increase in the daily rate, 5 fewe
Irina-Kira [14]

Answer and Explanation:

Given:

Total car = 200

Rate = $29

Computation:

Total increase in rate = a

So , Total decrees in car = 5a

Total income (y) = [200-5a][29+a]

y = 5,800 + 200a - 145a - 5a²

y = 5,800 + 55a - 5a²

y' = dy / da [5,800 + 55a - 5a²]

y' = -10a + 55

in which , y' = 0

0 = -10a + 55

a = 5.5

So , Maximum rate = $ [29+5.5]

Maximum rate = $34.5

maximum income = 5,800 + 55(5.5)- 5(5.5)²

maximum income = 5,800 + 302.5 - 151.25

maximum income = $5951.25

3 0
3 years ago
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