1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Lelechka [254]
4 years ago
3

Why is it a good idea to know your net worth? Explain how you can use an income statement, personal balance sheet, and net worth

statement with regard to your personal finances.
Social Studies
2 answers:
svlad2 [7]4 years ago
8 0

It’s a good idea to know your net worth so you can track your financial progress. You can use your income statement to organize monthly income and expenses. Then use a personal balance sheet to organize assets and liabilities on a monthly basis. Use an annual net worth statement to organize your personal finances each year.


solmaris [256]4 years ago
4 0
Net worth is the difference between what you own and what you have. If you exceed your liabilities you have a positive net worth. If your liabilities are greater than your assets you have a negative net worth. Its a snapshot of your financial situation. If you calculate your net worth you will see the end result of everything you've earned and spent as of now. Net worth statements and all you asked of can help you determine where you are, how to get where you want to be, if your spending  to much. Honestly it can tell you a lot of things. I can go on, but you can paint the picture from here.
You might be interested in
Who was Napoleon Bonaparte?
Naya [18.7K]
Napoleon Bonaparte was a Military General who became the first Emperor of France. He was known for his want of expansion and attacked many European Countries.
7 0
3 years ago
Read 2 more answers
Which risk percentage pattern best supports the influence of genetic factors in explaining bipolar disorder—(1) in the general p
mestny [16]
<span>Which of the following risk percentage patterns would BEST support the influence of genetic factors inexplaining bipolar disorder—(1) in the general population, (2) among close relatives of people withbipolar disorder, and (3) among identical twins of people with bipolar disorder? 1 percent, 10 percent, 40 percent.</span><span>
</span>
6 0
3 years ago
The colonists' reasons for choosing to be Loyalists or Patriots can impact
BlackZzzverrR [31]

Answer:

Because if the majority of the colonists choose to be Loyalists most likely we would still be under England's rule. Also we probably wouldn't have the land given to us in the Louisana Purchase so a much smaller territory. This means modern day we would probably speak differently, have a complete different culture from now, eat different foods, play different sports as many of America's best inventions heavily define our culture. For example basketball, and hot dogs. Hope this helps :)

Explanation:

8 0
3 years ago
Why do you think the church wanted to forbid people to read certain books
34kurt
Since we're talking about a Church here, I think they forbid certain books because they weren't religious books. 
8 0
3 years ago
A self-fulfilling prophecy is an example of which motivational theory?​
masya89 [10]
B is the answer The expectancy Theory <span />
8 0
4 years ago
Read 2 more answers
Other questions:
  • Which of these describes a traditional economic system
    10·1 answer
  • 7. Cells will generally divide when?
    8·1 answer
  • The most commonly reported male sexual dysfunction in the united states is
    14·2 answers
  • What is example of cultural lag
    15·2 answers
  • It is a busy morning at the coffee shop. "I asked for a caramel shot; there's none in this coffee!" demands one impatient custom
    6·1 answer
  • Which of the following is a good example of a flashback? Group of answer choices
    11·1 answer
  • Why did General MacArthur leave his station in the Philippines?
    12·1 answer
  • Was the harsh rule of the Qin justified in order to unify China?
    6·2 answers
  • which part of government has the power to decide how many lower federal courts and federal judges there will be?
    15·1 answer
  • Simulation is an excellent technique to use when a situation is too complicated to use standard analytical procedures.
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!