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kap26 [50]
3 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]3 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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Fannie mae says lenders need to use appraisers who have ___________________ appraising manufactured homes.
Marysya12 [62]

Fannie mae says lenders need to use appraisers who have knowledge, experience, and data sources for appraising manufactured homes.

The term appraiser refers to that professional person who determines the market value of an asset generally in the real estate industry.

An appraiser should always act independently of the buying and selling parties in a transaction. The opinion given by them  about the real and fair value of an appraised asset must be unbiased in nature. It must be valued by using observations as well as relevant statistics or  facts, and the other information.

Depending upon the circumstances, the appraisers always presents their findings in a written as well as verbal appraisal.

To know more about the appraiser here:

brainly.com/question/14473044

#SPJ4

6 0
1 year ago
When a tax is levied on the buyers of a good, the A. buyers of the good will send tax payments to the government. B. supply curv
makkiz [27]

Answer:

When a tax is levied on the buyers of a good, the <u>demand curve shifts downward (or to the left). The quantity demanded will decrease at every price level.</u>

Explanation:

When a tax is levied on the sellers of a good, the supply curve shifts to the left, reducing the quantity supplied at every price level.

When a tax is levied on a good, the buyers and sellers of the good share the burden,  regardless of how the tax is levied since it increases the price that buyers effectively pay and decreases the price that sellers effectively receive. Taxes decrease the equilibrium quantity of the good.

8 0
3 years ago
A hardware store makes a profit of $30,000 during its first year. The store owner sets a goal of increasing profits by $4000 eac
MrMuchimi

Answer:

$294,000

Explanation:

Data provided in the question:

Profit during the first year = $30,000

Increase in profit each year = $4,000

Now,

Profit for the current year = Profit for the previous year + $4,000

Therefore,

Year                 Current year profit

1                           $30,000

2                           $34,000                   [$30,000 + $4.000]

3                           $38,000                   [$34,000 + $4.000]

4                           $42,000                   [$38,000 + $4.000]

5                           $46,000                   [$42,000 + $4.000]

6                           $50,000                   [$46,000 + $4.000]

7                           $54,000                   [$50,000 + $4.000]

Hence,

The total profit during the first 7 years of business = ∑ (Current year profit)

= $30,000 + $34,000 + $38,000 + $42,000 + $46,000 + $50,000 + $54,000

= $294,000

4 0
3 years ago
Innovative is a characteristic of which market structure
kotykmax [81]
Innovative is a characteristic of the OLIGOPOLY MARKET STRUCTURE. Oligopoly market structure is one that is characterized by a small number of large firms that dominate the market and which sell products that are either similar or different. There is a high barrier to entry into the market. Oligopolist industries are very innovative; they used their innovations to promote technological advancement and economic growth. 
8 0
3 years ago
Suppose you own 5% of Coastal Corporation's 400,000 outstanding common shares. The stock was trading for $135 per share before C
Elan Coil [88]

Answer:

number of share 30,000 share

price per share = $90

Explanation:

given data:

investor's share = 5%

outstanding share =400,000

stock split = 3/2

number of share after spliting = investor share* outstanding share* stock split

                                                  = 5%*400,000*(3/2)

                                                   = 30,000 share

per share price can be determined by using following relation:

price\  per\  share =\frac{ outstanding\  share*\  trading\ price * investor's\  share}{ number\  of \ share\  after \ splittg}

                             = \frac{40000 *135*0.05}{30000}

                               = $90

3 0
3 years ago
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