1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
natita [175]
3 years ago
13

1. Net Worth is equal to assets minus liabilities. Which event will have the greatest impact (positive or negative) on one's net

worth? Finance a used car at market value for $16,000 Inherit $2,000 from a relative Go on a vacation that costs $3,500 Buy a new car at market value for $15,000. Car depreciates 20% upon transfer of ownership from the dealer to the buyer. Pay off $4,000 of school loans with cash
Business
1 answer:
elena-14-01-66 [18.8K]3 years ago
7 0
The answer is <span>Go on a vacation that costs $3,500 
</span><span>
Paying off money for buying a car will not decrease your net worth as you get the car as assets for the money you use. But the depreciates 20% will cause you to lose $3,000 assets. Assuming you are not buying assets at all, g</span><span>o on a vacation that costs $3,500 will increase liability.</span>
Paying up bills will decrease your asset but it also decreases your liability to the net worth wouldn't change. 
You might be interested in
On September 1, Shawn Dahl established Whitewater Rentals, a canoe and kayak rental business. The following transactions occurre
marissa [1.9K]

Answer:

Assets = $ 55650

Liability =8300

Owner's equity=47350

Liability and Owner's equity.=8300 +47350=$55650

Explanation:

Using The basic equation we add the transaction to arrive at the actual amounts.

Assets = Liabilities + Owner's Equity

1.   50,000=                    50,000

Cash +Assets = Liabilities + Owner's Equity

2.    35,800 +14,200=                 50,000

Cash +Assets = Liabilities + Owner's Equity- Rent Expense

3) 33600+ 14200 =                     50,000 - 2,200

Cash +Canoes = Liabilities + Owner's Equity- Rent Expense

4) 33600+ 14200+ 4900= 4900 +  50,000 - 2,200

Cash +Canoes = Liabilities + Owner's Equity- Rent Expense

5) 33600+ 19,100 + 3,400= 4900+ 3400 +  50,000 - 2,200

Cash +Canoes + Office Equip = Liabilities + Owner's Equity- Rent Expense

6) 33225+22500+ 375= 8,300 +  50,000 - 2,200

Cash +Canoes + Office Equip+ A/ R = Liabilities + Owner's Equity- Rent Expense

7) 33225+22500+ 375+ 1350 = 8,300 +  50,000 - 2,200+ 1350

Cash +Canoes + Office Equip+ A/ R = Liabilities + Owner's Equity- Rent Expense- drawings

8) 31425+22500+ 375+ 1350 = 8,300 +  50,000 - 2,200+ 1350-1800

We get

Cash = 31425

Kayak And Canoe 22500

Office Equipment= 375

Accounts Receivable= 1350

Accounts Payable = 8300

Capital less Drawings= 50,000- 1800= 48,200(850)= 47350

Revenue- Expenses = 1350 -2200= (850)

Assets = Cash +Kayak And Canoe +Office Equipment+ Accounts Receivable = 31425 +22500 + 375 +1350= $ 55650

Liability =8300

Owner's equity=47350

Liability and Owner's equity.=8300 +47350=$55650

6 0
3 years ago
Nominal GDP, Exports, and Imports
yKpoI14uk [10]

Answer:

a.

Net Exports 2015  are  - $471.4 billion.

b.

Net Exports 2016 are  - $552.1 billion.

Explanation:

The net exports for a country is the difference between the value of exports and the value of imports of a country over a certain period of time. The amount of net exports can be wither positive or negative depending upon the value of exports being in excess of the value of imports or not. The formula for net exports is,

Net Exports = Value of Exports - Value of Imports

a.

Net Exports for 2015 = 2344  -  2815.4

Net Exports for 2015 =   - $471.4 billion

b.

Net Exports for 2016 = 2372.7  -  2924.8

Net Exports for 2016 =  - $552.1 billion

6 0
3 years ago
ames Sprater of Grand Junction, Colorado, has been shopping for a loan to buy a used car. He wants to borrow $18,000 for four or
Ghella [55]

Answer:

James' credit union loan rate is 8.88% APR, the local bank loan rate is 9.34% APR.

Explanation:

Hi, since in both cases payments would be done in a monthly basis, we have to assume that the rate that we are looking for is APR (compounded monthly), and since there is no additional information in regards that 9.25% rate, we can assume that this is effective annually, so let´s convert this effective monthly rate into APR (compounded monthly)

First, we have to convert it into an effective monthly rate, that is:

r(month)=((1+r(annual))^{\frac{1}{12} } -1)

r(month)=((1+0.0925)^{\frac{1}{12} } -1)=0.00739963

Then we multiply by 12 and we get  0,088796 , which is 8.88% APR (compounded monthly)

This way James can compare both credits. The cheaper loan is from the credit union.

4 0
3 years ago
Opportunity costs at a manufacturing company are not part of manufacturing overhead. True or false?.
Bess [88]

It is true that Opportunity costs at a manufacturing company are not part of manufacturing overhead.

<h3>What is Opportunity costs ?</h3>

Opportunity costs can be described as the term that represent the potential benefits which  individual, investor, misses out in the process of choosing one alternative over another.

Because opportunity costs are unseen  can be easily overlooked, therefore, in this case, It is true that Opportunity costs at a manufacturing company are not part of manufacturing overhead.

Learn more on Opportunity costs at:

brainly.com/question/1549591

#SPJ1

6 0
1 year ago
Which of the following is not a measure of the reliability of the supply chain?
Pachacha [2.7K]

Answer:

Option B, Supply chain response time

Explanation:

The reliability of the supply chain represents the amount of good performance of the distribution chain. The highest priorities for supply chain practitioners are rising trust, decreased inventory and market readiness.

The overall response time for the supply chain is the capacity of the supply chain to react to market demand rapidly. When a market demand transition is observed, the supply chain has to stabilise.  

The response time of the supply chains is sometimes characterised by minimal changes in market demand.

Examples of operations in the supply chain involve processing, manufacturing, architecture, development, shipping and transportation.

6 0
3 years ago
Other questions:
  • The following 3 questions are based on this information. Kings Department Store has 625 rubies, 800 diamonds, and 700 emeralds f
    10·1 answer
  • Sea and Sand has a maximum 14 feet of front shelf space to devote to the four beverages combined. Tommy wants to use a minimum o
    13·1 answer
  • PLEASE LEAVE A COMMENT EVEN IF THERE ARE TWO ANSWERS! Hi, I am picking a name for my coffee shop, I was thinking CoffeeCake beca
    14·2 answers
  • Who Is The Creator Of The Apple Company And Pixar.Just Guess Don't Google
    8·1 answer
  • The following pension-related data pertain to Metro Recreation's noncontributory, defined benefit pension plan for 2018:
    8·1 answer
  • Brown Company manufactures luggage sets. Brown sells its luggage sets to department stores. Brown expects to sel 1,700 luggage s
    12·1 answer
  • People who use white hat SEO tactics try to trick the search engine into thinking a website has high-quality content, when in fa
    8·1 answer
  • Which of the following statements is​ false?A. In a​ make-to-order environment, the forecasts tend to be for groups of products.
    9·1 answer
  • 2. Indicate whether the following statements are true or false:
    13·1 answer
  • FIllmore Company began operations on Sept. 1 by purchasing $4,400 of inventory and $750 of cleaning supplies. During the month,
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!