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just olya [345]
3 years ago
5

Net worth is the difference between your assets and your liabilities

Business
1 answer:
kogti [31]3 years ago
3 0

Answer:

The statement is true as the net worth is equal to assets minus liabilities.

Explanation:

Net worth is the actual worth of the company in the market which compared with the assets and the liabilities which the business has. It is that amount by which the assets exceed the liabilities.

In other words, it is the difference among what is own by the business that is assets and what you owe that is liabilities. And if assets exceed liabilities, then the business have a positive net worth. If liabilities exceed assets, then the business have a negative net worth.

It basically provides a snapshot of the financial situation or condition of the business at a point of time.

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How can communication help to make a business or a company thrive?​
White raven [17]

Answer:

Communication is the key to success. Plan, organize and strategically plan to help the business

Explanation:

Communication helps in

1. Increasing brand familiarity

2. Increasing product awareness

3. Product availability

4. Offers

These will help improve business.

4 0
2 years ago
Find the mean of this data set: $7.75, $9.50, $7.20, $8.00. note: round answer to the nearest cent.
OleMash [197]
First you would add all the numbers together.
32.45-- Is your answer
Next you round the answer to the nearest cent or hundreth beacuse there the same
32.45
-
In this the 5 is the nearest cent. The saying is 5 or more raise a score, 5 or less let it rest, so you new number would be

32.50 Is your final answer
8 0
3 years ago
Transactions for Jayne Company for the month of June are presented below.
sesenic [268]

Answer:

below

Explanation:

3 0
3 years ago
Diggin Tools just issued new preferred stock, which sold for $85 in the stock markets. Holders of the stock will receive an annu
lys-0071 [83]

Answer:

c. 11.70 percent

Explanation:

The computation of the cost of preferred stock is shown below:

= Annual dividend ÷ Sale price of preferred stock × (1 - flotation cost)

= $9.35 ÷ $85 × (1 - 6%)

=  $9.35 ÷ $79.9

= 11.70%

We ignored the marginal tax rate i.e 30%. In the case of preferred stock, the flotation cost would be deducted. We consider all the things that are given in the question

3 0
3 years ago
The balance sheet of the Algonquin Company reported assets of $50,000, liabilities of $22,000 and common stock of $15,000. Based
nlexa [21]

Answer:

c) $13,000.

Explanation:

Using the accounting equation;

Assets - liabilities = Owners' equity

Owners' equity is usually made up of the common stock and the retained earnings.

Therefore, given;

Assets = $50,000

Liabilities = $22,000

Owners' equity = $50,000 - $22,000

= $28,000

Owners' equity = Retained earnings + common stock

Retained earnings = $28,000 - $15,000

= $13,000

Amount for retained earnings is $13,000.

8 0
2 years ago
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