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Likurg_2 [28]
3 years ago
15

Calculate net worth using the following information. Assets Liabilities car - $3,500 car loan - $3,000 savings account - $1,000

credit card - $500 cash - $80 stock - $120 $1,200 $12,000 $500 $8,200
Business
2 answers:
s2008m [1.1K]3 years ago
4 0

Answer:

$1,200

Explanation:

Net worth is simply calculates as assets minus  liabilities. Assets are everything of significance,which include savings and investments, your house and other real estate, vehicles or any other properties of value you own. Liabilities  includes car loans, your mortgage, salaries/wages, and any other loan debt.

Assets = $3,500 + $1,000 +  $80 + $120 = $4,700

liabilities = $3,000 + $500 = $3,500

Net worth  = $4,700 - $3,500 =  $1,200

raketka [301]3 years ago
3 0
Ok, I'm going to tell you how to calculate it and the answer.
so what you do is add up your assets and then add up your liabilities.
then you subtract your liabilities from your assets in this case your assets add up to 4,700 and your liabilities add up to 3,500.
then you subtract 4,700 from 3,500 since your liability is a lower number.
And then your answer would be $1,200 dollars hope it helped :D
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On July 1, Raney Corporation purchases 690 shares of its $4 par value common stock for the treasury at a cash price of $9 per sh
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Answer:

Date      Particular                                       Dr.        Cr.

Jul-1       Treasury stock                          $6,210

             Cash                                                         $6,210

Sep-1     Cash                                          $4,840

             Treasury stock                                         $3,960

             Paid-in capital - Treasury stock              $880

Explanation:

Treasury stocks are the company's own shares which is repurchased by the company. It is recorded in treasury shares account which is an contra equity account. I can be reissued or cancelled by the company.

Purchase of Treasury Stock

Treasury Stock = 690 x $9 = $6,210

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Cash Receipt = 440 x $11 = $3,300

Treasury Stock = 440 x $9 = $3,960

Paid-in capital - Treasury stock = 440 x $2 = $880

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Using the "Thinking at Margin" methodology, the relevant statement for a television maker to consider while making a choice is as follows: the average cost of ten TVs is one hundred dollars apiece. Option C. This will be discussed in further detail below.

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In most cases, it means giving some consideration to the action that will come next in your plan. The word "marginal" may also be used to signify "additional." The first glass of lemonade you drink on a hot day will quench your thirst, but successive glasses may not have the same impact on you.

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Learn more about Thinking at the Margins by visiting this link: brainly.com/question/4468044 #SPJ1

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