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Rashid [163]
3 years ago
8

Paul has a stock portfolio worth $21,000. His home is valued at $365,000. His car is valued at $19,000. He owes $362,000 on his

mortgage and $16,250 on his car loan. His credit card debt is $11,750. He owes student loans of $17,900. Paul says that because the value of his home and his car exceed their loans and his stock portfolio exceeds his credit card and student loan debt, he has a positive net worth. Complete the explanation as to whether his statement is true or not. Paul's stock portfolio the total of his credit card and student loan debt. His net worth is dollars. Therefore, Paul has a net worth, and his statement is .
Mathematics
1 answer:
kompoz [17]3 years ago
6 0

Answer:

Paul has negative worth of $2,900

His statement is invalid as he did not consider all assets and debts in aggregate.

Step-by-step explanation:

The net worth of Paul is the total asset owned by him less the total of debts owed by him.

Paul's total assets can computed thus:

Stock portfolio                 $21,000

Home worth                     $365,000

Car worth                          $19,000

Total assets                       $405,000

Paul's total debts can be computed as follows:

Mortgage loan                     $362,000

Car loan                                $16,250

credit card debt                     $11,750

Student loan                          $17,900

Total debts                             $407,900

The amount of debts owed by Paul is $2,900($405,000-$407,900) more than his asset worth,which implies that Paul is indebted to the tune of $2,900,hence has negative worth.

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Let:

x = Pounds of walnuts in the mix.

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Each pound of cashews costs $1.25 and the mix will contain 8 pounds of cashews, so the cost is 8*$1.25 = $10

The total cost of the mix is, therefore: 0.8x + 10 dollars.

We are also given the pound of mix costs $1.00 and we have a total of 8 + x pounds, so the total cost of the mix is 1*(8 + x) dollars.

Equating both costs:

0.8x + 10 = 1*(8 + x)

Operating:

0.8x + 10 = 8 + x

Subtracting x and 10:

0.8x - x = 8 - 10

Simplifying:

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8 0
1 year ago
Sample space
jasenka [17]

Considering it's concept, it is found that the number of outcomes in the sample space is of 9.

<h3>What is the sample space of an experiment?</h3>

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In this problem, there are 2 trials, each with 3 possible outcomes(red, blue or green), hence the <u>number of possible outcomes</u> is given by:

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5 0
2 years ago
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mario62 [17]

Answer:

About $241.11

Step-by-step explanation:

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In other words, on days other than Sunday, she will make a total of:

18.2(124)=2256.8\text{ cents}

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2 years ago
Simplify the square root of 6 * the square root of 8
Troyanec [42]

Answer:

Step-by-step explanation:

4√3

4 0
3 years ago
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Answer:

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