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Diano4ka-milaya [45]
3 years ago
15

Use the following items to determine the total assets, total liabilities, net worth, total cash inflows, and total cash outflows

.
Rent for the month $700 Monthly take-home salary $2,735
Spending for food $620 Cash in checking account $560
Savings account balance $2,000 Balance of educational loan $2,820
Current value of automobile $9,750 Telephone bill paid for the month $120
Credit card balance $290 Loan payment $190
Auto insurance $340 Household possessions $4,500
Video equipment $2,625 Payment for electricity $145
Lunches/parking at work $235 Donations $270
Personal computer $1,750 Value of stock investment $1,135
Clothing purchase $165 Restaurant spending $185
a. Total assets $
b. Total liabilities $
c. Net worth $
d. Total cash inflows $
e. Total cash outflows $
Business
1 answer:
Alexxandr [17]3 years ago
4 0

Answer: should be b

Explanation:

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3 0
3 years ago
Read 2 more answers
The depreciation method in which a plant asset's depreciation expense for a period is determined by applying a constant deprecia
musickatia [10]

Answer:

double declining balance method

Explanation:

Depreciation is an accounting tool to allocate the cost of a long-term asset over time. The reasoning behind is the matching principle. If we associate the entire purchase value at the very first moment, then, one accounting period is taking a hit for an asset that will be use over several accounting periods.

         

The double declining method applies a rate twice as the straight-line method.

This is applied at the carrying value of the assets (book value) every year for each year of useful life.

5 0
3 years ago
A residential property is greatly diminished in value because of the constant noise of jets taking off from a recently expanded
djverab [1.8K]

Answer:

A residential property is greatly diminished in value because of the constant noise of jets taking off from a recently expanded municipal airport. In order to be compensated for this loss, the owner could:

B.bring a suit alleging inverse condemnation

Explanation:

A law suit is a claim or legal problem taken to a court of law by an individual or organization rather than the authorities for a legal decision to be made. In the case above, the residential property diminished in value after constant noise of jets taking off from a recently expanded municipal airport. The loss in value is as a result of the recently expanded municipal airport and the property owner wants to be compensated for this loss.

In law, there are different terminologies and phrases that have specific meaning, some of them are as follows;

1. Inverse condemnation

Inverse condemnation is a case where a government entity takes private property or influences the value of that private property in one way or another then fails to compensate. In our case, this law suit can apply since the municipal airport is under the jurisdiction of the government and there action of expanding the airport caused a decline in value of neighboring residential property thus they should compensate the owner for this loss. The owner can bring a suit alleging inverse compensation.

3 0
3 years ago
Able, on behalf of Pix Corp., entered into a contract with Sky Corp., by which Sky agreed to sell computer equipment to Pix. Abl
Ludmilka [50]

Answer:

D) Pix must have knowledge of all material facts relating

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If the contract is beneficial for Pix, then they will want to ratify it. Unless Sky is aware that Able was not authorized to sign contracts on behalf of Pix, they probably wouldn't even tell them about what really happened. Although, Pix will want to know all material facts relating to the contract at the time it is ratified in order to verify if it is really good for them.

7 0
2 years ago
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