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masha68 [24]
3 years ago
12

What are two specific steps Chuck and Wendy could take to increase their net worth in the next year?

Business
1 answer:
quester [9]3 years ago
3 0

In accounting, net worth is defined as assets minus liabilities. Essentially, it is a measure of what an entity is worth. For an individual, it represents the properties owned, less any debt the person has. For a company, net worth is the value of the company.

1.Get a Raise. The most straightforward way to increase your net worth is to increase your income. ...

2.Find New Sources of Income. Money doesn't have to come from just your day job. ...

3.Buy a House. ...

4.Spend Less. ...

5.Get Out of Debt. ...

6.Invest in Stocks. ...

7.Hit Your Company's 401K Match. ...

8.Open a Roth IRA

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A machine having a first cost of $20,000 is expected to save $1500 in thefirst year of operation, and the savings should increas
frozen [14]

Answer:

This machine is not economical. A further explanation is provided below.

Explanation:

Given:

First cost,

= $20,000

Saving,

= $1500

Increase by,

= $200

Decrease by,

= $150

Now,

The EUAW will be:

= -20000+1500(\frac{P}{F}, 9 \ percent,1 )+1700(\frac{P}{F}, 9 \ percent,8 )+1550(\frac{P}{F}, 9 \ percent,7 )

= -20000+1500\times 0.9174+1700\times 0.5018+1550\times 0.5470

= -20,000 + 1,371.1 + 856.06 + 847.85

= -16,294.99 ($) negative

Thus this machine is not economical.

3 0
3 years ago
_________ and __________ are two of the cost drivers that managers can utilize when trying to improve a firm's cost leadership s
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Answer:

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Explanation:'ti4hr[0eg8r'ogub[trueg

6 0
3 years ago
A customer asks an agent for a valuation of his securities portfolio. Because the agent does not want to cause the customer to p
Sladkaya [172]

Answer: not permitted because the agent must not deceive the customer by misstating a material fact.

Explanation:

From the question, we are informed that a customer asks an agent for a valuation of his securities portfolio and that because the agent does not want to cause the customer to panic and sell his shares at a loss, the agent inflates the value of the stock.

It should be noted that under the Uniform Securities Act, this action is not allowed because the agent must not deceive the customer by misstating a material fact. An agent should not deceive a customer and ethical behavior is also required.

5 0
3 years ago
In a subdivision where there are 108 lots, the lots will always be the same?
marusya05 [52]

Answer:

False because sometimes lots in the same area look different.

Explanation:

4 0
3 years ago
Which of the following is a valid criticism of the use of money as a store of value in modern economies?a. annual inflationary l
Serga [27]

Annual inflationary loss of buying power is a valid criticism of the use of money as a store of value in modern economies.

Explanation:

As a result of a highly inflationary reduction in the buying ability of an economy, significant negative economic impacts emerge, particularly rising costs of consumer goods and services, with high-interest rates impacting global markets and lower ratings.

The buying power is the buyer's dollar value of credit to purchase additional stocks and bonds on the retirement account against the already marginal securities. Capacity can also be recognised as the purchasing power of the dollar.

8 0
4 years ago
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