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3 years ago

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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The price elasticity of demand if the price of a pint falls from $8 to $6 is

melamori03 [73]

It means to say that the demand of the product is decreasing. The relationship between the price and demand is one way. It means to say that if the price increases, the demand is higher. In this scenario, the price increases to avoid shortage on the product. If the price is decreasing, it means to say that the demand is decreasing and can possibly cause surplus on the said product. Lowering the price allows consumers to have higher purchasing power and enticing them to purchase such product.

6 0

3 years ago

The hair, nose, throat, and infected cuts of an average healthy person A. Carry no harmful bacteria. B. May carry Staphylococcus

EleoNora [17]

Answer:

B. May carry Staphylococcus.

Explanation:

7 0

3 years ago

At December 31, 2020, Carter Company had 450,000 shares of common stock issued and outstanding, 350,000 of which had been issued

Dennis_Churaev [7]

Answer:

$3.03

Explanation:

Calculation to determine What should be Twin Rivers' 2020 earnings per common share,

Using this formula

Earnings per common share=

Net Income for 2020/Weighted Average Shares Outstanding

Let plug in the formula

Earnings per common share=$1,160,000/ [(350,000 x 8/12) + (450,000 × 4/12)]

Earnings per common share=$1,160,000/(233,333+150,000)

Earnings per common share=$1,160,000/383,333

Earnings per common share= $3.03

Therefore What should be Twin Rivers' 2020 earnings per common share is $3.03

4 0

2 years ago

After a customer buys a computer or receives service from Tech Geek, a service representative contacts each customer to conduct

blsea [12.9K]

Answer:

B) False

Explanation:

The survey information is a form of feedback which returns as information input to the company. Surveys are an extremely important tool that can help a company measure the perceived quality of their products or services. Any complaints received can help to improve the production process, and eventually improve your products and services. Some customers like being surveyed because they believe that the company cares about them and it increases their loyalty to the brand.

6 0

3 years ago

Horner Construction Co. uses the percentage-of-completion method. In 2014, Horner began work on a contract for $16,500,000; it w

Leno4ka [110]

Answer:

2014 = zero

2015 = $6,450

Explanation:

2014

Under the completed-contract method of accounting, revenue, expenses, and gross profit is deferred until the completion of the contract. If at the end of the business fiscal year of a company work on a contract remains incomplete, no revenue, expenses, and profit on that contract is recognized in the current year on the income statement; all costs and billings are accumulated in respective balance sheet accounts.

2015

This year, the construction is completed so Horner Construction Co. will now recognize its Revenue and gross profit in relation to the project.

Contract price $16,500,000

Less: constructions costs <u>10,050,000</u>

Gross profit $6,450,000

* construction cost = ($5,850,000 + $4,200,000)

8 0

2 years ago