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kap26 [50]
2 years ago
15

Patricia McDonald has determined that the value of her liquid assets is $4,600, the value of her real estate is $134,000, the va

lue of her personal possessions is $58,000, and the value of her investment assets is $74,000. She has also determined the value of her current liabilities is $6,700 and the value of her long-term liabilities is $94,000.
1. What is Patricia's net worth?
Business
1 answer:
denis23 [38]2 years ago
5 0

Answer:

Net worth = $169,900

Explanation:

Patricia's net worth is the difference between her assets and liabilities. It is an important measure to guage the financial health of an individual or business.

Total assets= 4,600+ 134,000+ 58,000+ 74,000

Total assets= $270,600

Total liabilities= 6,700+ 94,000

Total liabilities= $100,700

Therefore Net worth= 270,600- 100,700

Net worth = $169,900

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Toussaint Company issued 10,000 shares of its common stock in exchange for merchandise that it will resell. The merchandise had
Aleks [24]

Answer:

The correct answer is $300,000.

Explanation:

According to the scenario, the computation of the given data are as follows:

Original cost = $250,000

Fair value = $300,000

Retail value = $520,000

As Share based transaction of the organization record or issued always at fair value for which the goods or services are exchanged.

Here, Fair value is given.

So, the transaction will be recorded at fair value = $300,000

7 0
3 years ago
In the context of the types of organizations that do business across national borders, the architecture of the global informatio
8090 [49]

Answer:

Transnational:

In the context of the types of organizations that do business across national borders, the architecture of the global information system (GIS) in a(n) <u>transnational</u> structure requires a higher level of standardization and uniformity for global efficiency, and yet it must maintain local responsiveness

Explanation:

Organisations have the following <u>transnational</u> characteristics:

  • Parent and all subsidiaries work together in designing policies, procedures, and logistics
  • Usually focuses on optimizing supply sources and using advantages available in subsidiary locations
  • Architecture requires a higher level of standardization and uniformity for global efficiency (but must maintain local responsiveness) .

Global information system (GIS):

A global information system (GIS) is an information system which is developed and / or used in a global context. A global information system (GIS) is any information system which attempts to deliver the totality of measurable data worldwide within a defined context.

4 0
3 years ago
Floyd and Gert enter into a contract by which Floyd promises to deliver fertilizer to Gert. Floyd subsequently transfers this du
Lerok [7]

Answer: an obligor

Explanation:

From the question, we are informed that Floyd and Gert enter into a contract by which Floyd promises to deliver fertilizer to Gert and that Floyd subsequently transfers this duty to Hazel.

In this case, Floyd is an obligor. An obligor os defined as an individual who by contract or due to a legal procedure, undertakes an obligation for another individual.

7 0
3 years ago
In a process costing​ system, A. ​work-in-process inventory employs one general ledger account with a subsidiary ledger. B. cost
Kay [80]

Answer:

I think it would be a for the answer

5 0
2 years ago
If the fed decreases the reserve requirement, financial institutions will likely lend out ______________ than before, __________
andrezito [222]
<span>more
increasing 

i am not super sure</span>
4 0
3 years ago
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