To know if the classmate’s family is actually wealthy, one will need to know their assets and their debt.
<h3>What is an asset?</h3>
In financial accounting, an asset means a resource that is owned or controlled by a business or an economic entity. An asset is anything that can be used to produce positive economic value.
Assets represent the value of ownership that can be converted into cash and the examples of personal financial assets include cash and bank accounts, real estate, personal property like furniture and vehicles, and investments such as stocks, mutual funds, and retirement plans.
In this case, through the assets, one will be able to know that they're wealthy. The debt is an obligation that requires one party, the debtor, to pay money or other agreed-upon value to another party, the creditor. This is the money that they owe.
The asset should more than the debt.
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Answer:
heres the answer
Step-by-step explanation:
just graph (2,3) (3,2) (4,3)
on a coordinate grid
Answer:
yes
Step-by-step explanation:
We can estimate* that the total price including tax of the game will be less than ...
$43.31 +10% of 43.31 = $43.31 +4.33 = $47.61
Todd easily has enough to pay for the game, including tax.
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You can work this more exactly a couple of ways.
1. Price + tax = 1.085×$43.31 = $46.99 . . . less than Todd's budget
2. Most Todd can afford: $55.50/1.085 = $51.15 . . . more than the game price
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* For estimating purposes, we like to use numbers that are easy to compute with. 10% is one such number, as it only requires moving the decimal point.
A) i think is correct andewmer
