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madreJ [45]
3 years ago
7

Maxwell has $10,000 in the bank, a $250,000 home, and investments worth $8,000. He also has $8,000 worth of credit card debt and

a $175,000 home loan. Maxwell wants to know his net worth. He adds all of his assets together and determines his net worth is $268,000. Evaluate Maxwell's determination.
Business
2 answers:
11111nata11111 [884]3 years ago
6 0
Assets Liabilities
10,000 8,000
250,000 175,000
8,000
Total Total
268,000 183,000

Fundamental Accounting Equation
Assets - liabilities= Equity

268,000-183,000=
85,000 is net worth

Hope this helps :)
( I'm doing accounting too)
brilliants [131]3 years ago
5 0

Answer:

c he forgot to deduct his liabilities

Explanation:

for plato

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The correct answer is a. corporate stories.

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The day the contributed property was purchased.
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Either one of these are true which also means they are both true.

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2 years ago
How do natural resources and geography relate to economic growth for a country?
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Limited natural resources such as infertile land and lack of coastal access can limit economic growth for a country.

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4 0
3 years ago
Read 2 more answers
answer the two questions relating to demand and the law of demand. a. which can cause a shift in the demand curve? a change in t
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One thing that can cause a shift in the demand curve is a change in one of the determinants of demand.

The law of demand can be shown as Pat wants to buy more candy bars at $1 than at $2

<h3>What does the law of demand say?</h3><h3 />

The law of demand posits that people will demand more of a good when the price is lower as opposed to when it is higher. This is why Pat will want to buy more candy bars when the price is lower at $1 as opposed to $2.

The demand curve will shift when there is a change in one of the determinant of demand such as the income of people and the price of substitutes.

Find out more on the law of demand at brainly.com/question/24500422

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7 0
1 year ago
A company’s perpetual preferred stock has a par value of $65 per share and it pays a dividend rate of 6.25% per year. The prefer
V125BC [204]

Answer:

Cost of preferred stock=7.41 %

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<em>A preferred stock entitles its investor to a fixed amount of dividend for the foreseeable future. The dividend payable by a preferred stock is similar to a perpetuity. Hence, the price of the stock would be the same as the present value of the dividend payable for the foreseeable future. </em>

<em>A preferred stock entitles its owner to a fixed amount of dividend. It is calculated as follows:  </em>

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