To know if the classmate’s family is actually wealthy, one will need to know their assets and their debt.
<h3>What is an asset?</h3>
In financial accounting, an asset means a resource that is owned or controlled by a business or an economic entity. An asset is anything that can be used to produce positive economic value.
Assets represent the value of ownership that can be converted into cash and the examples of personal financial assets include cash and bank accounts, real estate, personal property like furniture and vehicles, and investments such as stocks, mutual funds, and retirement plans.
In this case, through the assets, one will be able to know that they're wealthy. The debt is an obligation that requires one party, the debtor, to pay money or other agreed-upon value to another party, the creditor. This is the money that they owe.
The asset should more than the debt.
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The answer is 9. 7 times 9 is 63 and then 63 divided by 3 is 9.
Convert all fractions to have the same denominator.
To convert, we must find the least common multiple of the two denominators of the fractions:
Multiples of 4: {4,8,12,16,20}
Multiples of 5: {5,10,15,20}
The least common multiple of 4 and 5 is 20.
Multiply the fractions by a number that will result in the denominator being 20:
The equation should now look like this:
Subtract both sides by 8/20 to get w by itself:
The value of w is 7/20.
Answer:
sorry
Step-by-step explanation:
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