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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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predetermined overhead rate on the estimated machine-hours for the upcoming year. At the beginning of the most recently complete
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Answer:

Total overhead rate =  $34.17  per machine hour

Explanation:

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<em>The pre-determined fixed overhead absorption rate = Estimated fixed overhead /Estimated machine hours </em>

<em>DATA:</em>

<em>Estimated overhead       - $256,500.</em>

<em>Estimated machine hours -  10,000 machine hours</em>

The pre-determined fixed overhead absorption rate =

$256,500/ 10,000 machine hours = 25.65  per hour

<em>The pre-determined overhead absorption rate = $25.65  per hour</em>

Total overhead rate = Variable rate + Fixed rate

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Total overhead rate =  $34.17  per machine hour

3 0
3 years ago
Suppose a country spiraled into economic recession. What would John Maynard Keynes recommend to fight the recession?
zubka84 [21]

John Maynard Keynes will recommend an increase in government expenditures and lower taxes to stimulate demand to pull the economy out of the recession..

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The Keynesian theory of economics is one who who advocate for saving less and spending more, thereby, raising their marginal propensity to consume and economic growth.

Now, supposing that a country spiraled into economic recession, John Maynard Keynes will recommend an increase in government expenditures and lower taxes to stimulate demand and pull the economy out of the recession..

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2 years ago
How much total interest will Molly pay using this plan?
aleksandrvk [35]
Theres no equation sorryy
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2 years ago
Melanie is very concerned with avoiding late fees. The table shows her choices for paying her bills. Method Bill Payment Methods
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3 0
3 years ago
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Answer and Explanation:

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