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Misha Larkins [42]
3 years ago
15

The Hanson Family has the following assets and liabilities. Can you tell the difference? Identify which are assets and which are

liabilities:
Ownership of a home ($175,000)
Credit card debt ($200)
Home mortgage ($120,000)
Value of retirement savings ($92,000)
Ownership of 2 automobiles ($23,000)
Automobile loan debt ($8,500)
Value of Home furnishings ($3,800)
Worth of jewelry and other valuables ($5,000)
Checking account balance ($3,200)
Savings account balance ($8,800)
Value of stocks and investments ($12,400)
Student Loans ($11,000)


List the Assets of the Hanson Family:
Mathematics
1 answer:
Xelga [282]3 years ago
5 0
The following are the assets of Hanson Family:

Ownership of a home ($175,000)

Value of retirement savings ($92,000)

Ownership of 2 automobiles ($23,000)

Value of home furnishings ($3,800)

Worth of jewelry and other valuables ($5,000)

Checking account balance ($3,200)

Savings account balance ($8,800)

Value of stocks and investments ($12,400)

Total assets is $323,200

Assets are those items which would give a probable inflow to the Hanson Family.

The liabilities are the following:

Credit card debt ($200)

Home mortgage ($120,000)

Automobile loan debt ($8,500)

Student Loans ($11,000)

Total liabilities is $139,700

Liabilities are those items which would give a probable outflow to the Hanson Family.


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How many solutions does this system have?
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Answer:

one solution

Step-by-step explanation:

* Lets start to solve the question

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∵ x - y = -4 ⇒ (1)

∵ 3x + y = 8 ⇒ (2)

- Add the two equation (1) and (2) to eliminate y

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- We will use equation (1)

∴ 1 - y = -4

Subtract 1 from both sides

∴ -y = -5

- Divide both sides by -1

∴ y = 5

∴ The solution is (1 , 5)

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Step-by-step explanation:

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