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Anna35 [415]
2 years ago
7

Beth, a recent college graduate, recognizes that she has lots of nice "stuff," largely thanks to her family buying it for her. B

eth also recognizes that she has a lot of debt, thanks to her student loans. When Beth considers the difference between the monetary value of her possessions and other financial assets and her debt, she is best described as pondering her:______
a. income.
b. class position.
c. prestige.
d. wealth
Business
1 answer:
bixtya [17]2 years ago
4 0

Answer:

D

Explanation:

Wealth is the value of all the assets a person owns

Beth is pondering on the value of all her assets less her debt. So, she is pondering on her wealth

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Explanation:

If she makes equal contributions then those would be annuities. The $9,000 she wants to have will be the future value of the amount currently in her account and the annuity.

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Your introduction should be no more than _____ percent of your speech time.
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No more than 15 percent of your speech time.
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3 years ago
Teal Mountain Leasing Company signs a lease agreement on January 1, 2020, to lease electronic equipment to Sandhill Company. The
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Answer:

Fair value                            $238,500

Less: PV of residual value <u>$17,687    </u> (19500*0.90703)

PV of lease payment          <u>$220,813 </u>

<u />

Annual lease = 220813/1.85941

Annual lease = $118,754

Date    Account titles and Explanation               Debit         Credit

1/1/17    Lease receivables                                    $238,500

            Cost of goods sold                                  $172,313

                    Sales                                                                    $220,813

                    Inventory                                                              $190,000

            (To record the lease)

12/31/17 Cash                                                          $118,754

                   Lease receivables                                                 $106,829

                   Interest revenue(238,500*5%)                             $11,925

              (To record the receipts of lease installments)

12/31/18  Cash                                                          $118,754

                   Lease receivables                                                 $112,170

                   Interest revenue(238,500-106829*5%)               $6,584

              (To record the receipts of lease installments)

12/31/18  Cash                                                          $19,500

                   Lease receivables                                                 $19,500

             (To record sales of equipment at the end of the lease)

7 0
3 years ago
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