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just olya [345]
4 years ago
5

Net worth is the difference between your assets and your liabilities

Business
1 answer:
kogti [31]4 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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The Mary Company primarily sells dishes, and recently purchased a cardboard box company. Mary's new cardboard box division has n
fgiga [73]

Answer: $1.50

Explanation:

Based on the information given in the question, we are informed that the variable cost of each box is $1.50 and usually has a contribution margin of $0.80 per box.

We should note that the minimum transfer price that the box division should find as acceptable will be the relevant cost. In this case, the relevant cost is given as $1.50 pee box and therefore, the minimum transfer price will be $1.50.

8 0
3 years ago
2. Give three (3)<br>importance of<br>Entrepreneurship to<br>the economy.​
Firlakuza [10]

Answer:

See below

Explanation:

1. Entrepreneurs Add to National Income

Entrepreneurship creates new businesses that focus on making profits. These ventures employ people who earn directly or indirectly from them. The new incomes add to a country's GDP. Consequently, the government collects higher revenues through taxation, which it uses for national development.

2. Entrepreneurs Create Social Change

Though innovations and creativity, entrepreneurs introduce new products and services and easier ways of doing things that improve life's quality. For example, the advancement of internet technology has created many job opportunities while still making it possible for others to work and earn a living remotely.

3. Community Development

Through Corporate social responsibility programs, entrepreneurs play a significant role in community development.  Corporates globally have funded projects that provide communities with essential services: water projects, schools, hospitals, and clean environments that have been financed by entrepreneurs.

4 0
3 years ago
What environmental factors have affected the types of costs in the airline industry after 2001? what specific tactics has southw
In-s [12.5K]

Explanation:

In 2001 there was a major crisis in the entire air sector, motivated mainly by the terrorist attacks that occurred, the scarcity of oil and the recession.

There have been strong political, economic, environmental, technological changes, etc., which have affected most airlines, such as Southwest Airlines.

Airline companies then had to adopt some strategies to overcome the crisis, such as the adoption of stricter security control procedures, to increase the reliability of services and people, who were prevented by the terrorist attacks and stopped flying. Advances in technology have also positively impacted aviation, currently there is more control, greater inspection of tickets and luggage and greater security.

The companies also took the cost cut by offering fewer flights so that the planes were filled with enough passengers to be able to generate a profit.

6 0
4 years ago
Suppose that each 0.1-percentage-point increase in the equilibrium interest rate induces a $3 billion decrease in real planned i
kirill115 [55]

Answer and Explanation:

(1) Decrease in investment = Decrease in money supply / Investment multiplier

= $60 billion / 5 = $12 billion

Real planned investment will decrease by $12 billion

The Federal Reserve decreased money supply by 60 billion and we wish to determine by how much this would affect real planned investment. We have therefore applied the investment multiplier to determine decrease in real planned investment. This is based on Keynes' theory of investment multiplier

8 0
3 years ago
A year end review of Accounts Receivable and estimated uncollectible percentages revealed the​ following: Days Outstanding Accou
olganol [36]

Answer:

A. $ 8 comma 730.

Explanation:

The computation is shown below:

For 1 - 30 days    

= $61,000 × 2%

= $1,220

For 31 - 60 days

= $44,000 × 5%

= $2,200

For 61 - 90 days

= $21,000 × 11%

= $2,310

Over 90 days

= $9,000 × 50%

= $4,500

So, the total amount is

= $1,220 + $2,200 + $2,310 + $4,500

= $10,230

Now the Account Expense  is

= Total expense - credit balance

= $10,230 - $1,500

= $8,730

3 0
3 years ago
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