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ZanzabumX [31]
3 years ago
8

Your total liabilities excluding mortgage debt should not exceed what percentage of your net worth excluding the value of your h

ome if you are to have a manageable level of debt?
Business
1 answer:
Vladimir79 [104]3 years ago
6 0

<u>Answer: </u>

Your total liabilities excluding mortgage debt should not exceed 33 percent of your net worth excluding the value of your home if you are to have a manageable level of debt.

<u>Explanation: </u>

  • In order to save the debtors from entering into positions of irrevocable financial damage owing to the debts they are under, the authorities, by law, advise the debtors to keep the liabilities of mortgage debt below 33 percent.
  • This helps the debtors to enable themselves to easily manage the debts and not get caught in a financial crisis.

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Answer:

the business will pay for the supplies at a later time

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the Accounts Payable account will be increased.

Explanation:

In the case when the supplies are purchased on credit, the following entry should be passed

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(Being supplies purchased on credit is recorded)

here supplies is debited as it increased the asset and credited the account payable as it also increased the liabilities

So the following options should be chosen

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3 years ago
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umka21 [38]

Answer:

Option (A) is correct.

Explanation:

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In an economy where net exports are zero, if saving rises in some period, then in that perioda.consumption rises and investment
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c. consumption falls and investment rises

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