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
Ksenya-84 [330]
3 years ago
5

Mandy and Jeff have a net worth of $25,000 and total assets of $140,000. If their revolving credit and unpaid bills total $2,200

, what are their total liabilities
Business
1 answer:
Levart [38]3 years ago
5 0

Answer:

A. $115,000

Explanation:

Given that

Total asset = 140,000

Net worth = 25000

Recall that

Net worth = Total asset - total liabilities

Therefore,

Total liabilities = Total asset - Networth

Thus,

Total liabilities = 140000 - 25000

= $ 115,000

Therefore, total liabilities = $115,000

Note that, total liabilities is the total debt and financial obligations owed by a business to individuals or organizations during a specific period of time. The 2,200 is not useful in calculating because it's already accounted for in the 115,000.

You might be interested in
Which one of the following statements is correct?
Marianna [84]

Answer:

b. Income from both sole proprietorship and partnerships is taxed as individual income.

Explanation:

According to the following statements, the correct option is b. as income from both sole proprietorship and partnerships is taxed as individual income as there is no specific tax rates or separate tax rate so, in this forms of business organization, the income that is generated should be filed in their individual tax return

Hence, all other given statements are wrong as a general partnership is totally different from the corporation plus partnership is not the most complicated form of business. Neither all business organizations have by-laws nor the sole proprietorship has limited lives but the partnership has also limited lives.

3 0
4 years ago
The tables show the annual incomes for the citizens in two countries, Melka and Sorare. Use this information to answer the quest
masya89 [10]

Answer: The nation of Sorare

Explanation:

The Gini coefficient is a statistical measure that is used to measure income disparity/ inequality in a country.

The closer to zero the Gini coefficient is, the more equitable the income in a country is. Simply put, if more people in a nation have similar levels of income, the Gini coefficient will be smaller.

In the question, the nation of Sorare has two people earning a high amount of money while others make considerably less. This shows a high income disparity which means that the Gini coefficient here will be higher than in Melka where citizens mostly have similar incomes.

4 0
3 years ago
To get the best understanding of your observations, you should consider
bulgar [2K]

The correct option is B. their goals and strategies for learning.

Took the pf test and got 100%

7 0
3 years ago
Which statement(s) is (are) TRUE? I. Technological knowledge refers to the physical capital that is used to make goods and servi
uranmaximum [27]

Answer:

Option 2 is only correct.

Explanation:

The reason is that the physical capital is the physical assets used for production of goods and services whereas the Technological knowledge refers to the knowledge of increasing the productivity by utilizing physical capital. So these two statements were incorrect.

The second statement is correct because the better tools or technology we have the better we can produce. This means these technological tools helps workers to produce more so the statement is correct.

3 0
3 years ago
Your friend says to you, "America is one of the fairest countries in the world because we have a democracy, and we are able to v
professor190 [17]

Answer and explanation:

Democracy is the state in which individuals of a community make decisions collectively being the interest of most people prioritized. A pure form of democracy is difficult to find even in countries that highly promote equal rights such as the United States.

The Democracy Index is a composite that measures democracies in 167 countries scoring them from 1 to 10 (10 is the highest grade). In 2019, The U.S. was positioned in the 25th place in the list of most democratic countries. <em>Norway </em>is placed in the first place followed by <em>Iceland</em>.

In such a case, <em>we should recommend our friend to take a look at the Democracy Index where he or she will find out that the U.S. is not one of the fairest nations in the world. Its government functioning and political participation are aspects where the U.S. needs improvement.</em>

6 0
3 years ago
Other questions:
  • Ray Schultz, a highly competent employee, had been overlooked for a promotion twice in the span of six months and he recently fi
    10·1 answer
  • In a student survey, sixty part-time students were asked how many courses they were taking this term. The (incomplete) results a
    6·1 answer
  • Strategic leadership:
    5·1 answer
  • Your boss listens to employees personal problems and tries to create a positive work environment by being agreeable, eager to he
    13·1 answer
  • Bramble Company must decide whether to make or buy some of its components. The costs of producing 69,800 switches for its genera
    5·1 answer
  • Buying power of dollar through the years
    5·1 answer
  • Select all that apply. Which of the following items demonstrate poor choices made by private property owners?
    15·2 answers
  • Required financial statements of funds may include the following, among others: I. Statement of net assets II. Statement of reve
    9·1 answer
  • Why is a w-2 form so important
    7·1 answer
  • During August, the receipts and distributions of Material No. B4G9 are as follows: Received Aug. 31,100 units at $15 161,700 uni
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!