Having a negative net worth means the amount of liabilities is larger than assets.
<h3>What is net worth?</h3>
Net worth is the amount by which assets exceed liabilities. In other words, net worth shows the difference between what is owned by one and what one owe.
If the assets exceed liabilities, then it is a positive net worth. Also, if the liabilities are greater than the assets, it is a negative net worth. Net worth would be the amount of cash you would have if you were to sell all of your personal belongings and pay off all the debt
Therefore, having a negative net worth means the amount of one's liabilities is larger than the value of the assets.
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Answer:
B) $ 108,000
Explanation:
September cash sales
(25% * $120,000) = $ 30,000
August credit sales
(75% * $104,000) = $78,000
Cash collected in September is
$ 108,000
Answer:
The $900,000 should be capitalized in the government-wide statements
Explanation:
The amount which is to be capitalized in the financial statement should be an asset or an expense that is not showing in an income statement.
In the given question, the construction cost of a new storage facility is $900,000 plus it has $25,000 interest on short term notes.
So, $900,000 should be capitalized, and $25,000 would not be capitalized because it is of short term period which is shown in the income statement.
Answer:
B. early followers
Explanation:
Based on the information provided within the question it can be said that in this scenario Mantel and Adventura would be considered early followers. Early Followers or better known as First Followers, refers to the company or companies that enter the market shortly after the first company has already entered into that market. They do this to see the barriers that the first company has already overcome and are able to do it easier.
