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Taya2010 [7]
3 years ago
14

Megan purchased a new vehicle for $40,000. She put $5,000 down and financed the $35,000 balance over 5 years. What is the impact

of this transaction on her net worth?
Business
1 answer:
Zolol [24]3 years ago
6 0

Answer: c. Her net worth remains the same.

Explanation:

Her Net worth would be her assets less her liabilities.

Her added Assets would be the new vehicle less the amount she put down for it as this would reduce her cash holdings.

Her added liabilities would be the amount she owes from buying the car

= Net Assets - Liabilities

= ( 40,000 - 5,000 ) - 35,000

= $0

The addition to her Net Worth is zero so her net worth remains the same.

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"Choose your favorite financial institution: bank or credit union. Are the Financial Statements available online? How do they co
tamaranim1 [39]

Answer:

I have selected Standard Chartered Bank which is one of the leading banks in the world. It has more than 1200 branches across 70 countries in the world. The head quarter of the bank is in the city of London, England.

The financial statements of the banks are available online. These financial statements are compared with similar other banks or industry averages to analyse the performance of the bank.

Explanation:

Standard Chartered is one of the finest bank in the world. The banking sector has been always striving to serve people better and standard chartered has made this possible. The financial statements of the bank are available online. One can easily go to the banks website of their respective country and click the about us tab. Then in the about us tab there is detail about company operations and their mission vision statements along with free and complete access to financial statements.

4 0
3 years ago
Unscramble porcmeteti
Lunna [17]
Picometer or picometre but you have double "t" in your unscrambled word so im not sure but i hope this helps 
4 0
3 years ago
As the manager of an office supply store, raven seems to be constantly confronted with problems. She tries very hard to create a
xenn [34]

The style of decision-making raven use is rational. Thus the correct option is B.

<h3>What is Manager?</h3>

A manager is refer to an individual in an organization who is responsible for coordinating and controlling the functions of the organization and helps to perform business activities smoothly and timely.

In this case, it is given that Manager named Raven is facing problems in working and tries to develop alternative solutions and evaluate them. In this method when she resolves one problem, another rise.

This caused her frustration with employees so in this situation she should use a rational decision-making model in which she should implement strict actions or plans to fulfill the objective of the business by using a logical approach.

She should conduct research about the facts causing problems and by using evidence reached on alternative outcomes to make the final decision that can be considered appropriate for the organization.

Therefore, option B is appropriate.

Learn more about Managers, here:

brainly.com/question/17312484

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8 0
1 year ago
Read 2 more answers
Kermit's Hardware's (KH) fixed operating costs are $20.8 million and its variable cost ratio is 0.30. The firm has $10 million i
motikmotik

Answer:

Option (a) is correct.

Explanation:

EBIT:

= Revenues - Fixed operating costs - (variable cost ratio × revenues)

= $32.2 - $20.8 - (0.30 × 32.2)

= 1.74  million

KH's degree of total leverage:

= (EBIT + Fixed cost) ÷ (EBIT - Interest)

= (1.74 + 20.8) ÷ [(1.74 - (9% × 10)]

= 26.83

Therefore, the KH's degree of total leverage is 26.83.

3 0
3 years ago
True or False: The law of increasing costs occurs because resources are not equally well-suited to all uses. This is _____.
lawyer [7]

Answer:

True

Explanation:

The law of increasing opportunity cost meaning that an increase in the production of one good brings about increasing losses of the other good because resources are not suited for all tasks.

8 0
3 years ago
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