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leva [86]
3 years ago
13

A customer has total assets of $436,000 and total liabilities of $314,000. The customer has just signed a contract to buy a new

car for $35,000; and will finance it by taking $5,000 from his existing checking account and borrowing the remaining $30,000 from the auto finance company. As a result of this transaction, the customer's net worth will:
Business
1 answer:
natta225 [31]3 years ago
8 0

Answer:

$122,000

Explanation:

Net worth refers to total assets minus total liabilities.

Therefore, the net worth of this customer can be calculated as follows:

Assets = Existing assets + A new car - Withdraw from existing checking account = $436,000 + $35,000 - $5,000 = $466,000

Liabilities = Existing liabilities + Borrowing from auto fiance company =  $314,000 + $30,000 = $344,000

Net worth = Assets - Liabilities = $466,000 - $344,000 = $122,000.

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Every night after working the swing shift, Sierra stops by the 24-Store near her house. She often buys bread, cold cuts, and Dr.
ioda

Answer:

convenience store

Explanation:

Convenience store is basically a small shop that usually works as small retail shop that keeps every item of daily use and is easily reachable.

The items kept in stock here include coffee, groceries, snack foods, mil and dairy products, stationary etc.

Since it is convenient for people to buy every day product from these shops it is called as Convenience store

7 0
3 years ago
During January, Ajax Co. Incurs 1,850 hours of direct labor at an hourly cost of $11.80 in producing 1,000 units of its finished
Brums [2.3K]

Answer:

Std rate per hour: 11.00    

Std hours = 1000*2 =2000    

Actual hours = 1850      

Actual rate = 11.80

   

Labor cost variance = Std cost - Actual cost    

Labor cost variance  = (2000*11) - (1850*11.80)

Labor cost variance = 170 Unfavorable

Labor rate variance = Actual hrs (Std rate - Actual rate)  

Labor rate variance = 1850 *(11-11.80)

Labor rate variance = 1480 Unfavorable

Labor qty variance = Std rate (Std hrs-Actual hrs)  

Labor qty variance = 11 (2000-1850)

Labor qty variance = 1650 Favorable.

5 0
3 years ago
John spent $50.00 at a carnival on food and tickets. He purchased $15.50 in food and bought 25 tickets. How much did each ticket
ira [324]
50 - 15,5 = 34,5

34,5/25= $1,38 per ticket
8 0
3 years ago
Read 2 more answers
How are you im good mySelf
vladimir1956 [14]

Answer:

i'm very fine

Explanation:

5 0
3 years ago
I now have $23,000 in the bank earning interest of .50% per month. I need $33,000 to make a down payment on a house. I can save
Elena-2011 [213]

Answer:

41.92 months

Explanation:

In this question, we use the NPER formula which is shown in the spreadsheet.  

The NPER represents the time period.

Given that,  

Present value = $23,000

Future value = $33,000

Rate of interest = 0.50%

PMT = $100

The formula is shown below:

= NPER(Rate;-PMT;-PV;FV;type)

The present value and the PMT comes in negative

So, after solving this, the answer would be 41.92 months

8 0
3 years ago
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