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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. 
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Given below is a numbered list of cost terms. For each of the definition statements that follow, place the number of the cost te
leva [86]

Answer:

The correct answers are the following:

a - 4 Sunk

b - 5 Opportunity

c - 3 Fixed

d - 2 Variable

e - 6 Incremental

f - 1 Recurring

g - 7 Direct

h - 8 Non-recurring

Explanation:

a) <em>Sunk costs</em> are those that have already occurred in the past and they can not be recovered again so therefore that they are not relevant at the time of taking decisions regarding the futue.

b) <em>Opportunity costs</em> are those that try to measure and show the sacrifice done at the time of making a decision when that sacrifice represents the best second option that the person could have done.

c) <em>Fixed costs</em> are those that are always the same amount and do not change with the activity level of the production of the company.

d) <em>Variable costs</em> are those that do change with the amount of activity level that the company has during the production process.

e)<em> Incremental costs</em> are those that increase the cost level of the production while the output level increases as well, so they are a concept on the margin.

f) <em>Recurring costs</em> are those that tend to repete continously in the production process so the company already know how much the amount of the cost is.

g) <em>Direct costs</em> are those that the company associates with the production process regarding the commodities and all the primary sources that are needed to produce the good and therefore that they impact directly in the production and in the cost of the final product.

h) <em>Non-recurring</em> costs are those that the company are not familiar with due to the fact that they do not repete often and therefore tend to happen once in a while.

4 0
3 years ago
Tech A says that packing a wheel bearing assembly can be done by hand with proper results. Tech B says that packing a wheel bear
AfilCa [17]

Tech A says that packing a wheel bearing assembly can be done by hand with proper results. Tech B says that packing a wheel bearing assembly with a bearing packer will get the proper results. The two statements are right. This is further explained below.

<h3>What is a wheel bearing?</h3>

Generally, the wheel bearing is simply defined as an important component of a vehicle's braking, steering, and suspension systems.

In conclusion, The one-piece hub assembly is located between the drive axle and the brake disc.

Read more about wheel bearing

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3 0
2 years ago
If job a and job b are identical in all aspects, except that job b pays higher wages, what will happen over time?
Bumek [7]
Job b will go out of business sooner if their profit is the same as A
6 0
3 years ago
Crane Corporation acquires a coal mine at a cost of $404,000. Intangible development costs total $101,000. After extraction has
Svet_ta [14]

Answer:

The journal entry to record depletion is  :

Debit : Depletion Expense $74,235

Credit : Accumulated Depletion $74,235

Explanation:

<em>Depletion Expense = Depletion rate × units extracted during the year</em>

where,

<em>Depletion rate = (Cost - Salvage Value) ÷ Estimated total units</em>

Therefore,

Depletion rate = ($404,000 + $101,000 + $80,800 - $161,600) ÷ 4,040 tons

                        = $ 105 per ton

Therefore,

Depletion Expense = $ 105 per ton × 707 tons

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<u>Journal Entry :</u>

Debit : Depletion Expense $74,235

Credit : Accumulated Depletion $74,235

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To distinguish the purposes behind exchanging of customers to B&S , we will initially look at our shortcomings and escape clauses toward the important customers. It will give us a few nuts and bolts like estimating approaches, advantages to the customers, most grounded piece of our prompt rival, style of our service group and administrators.  

In the wake of knowing the potential reasons of clients changing to different business, I will begin improving our contributions. I will make a group of customer service officials who will cautiously contact the current just as more seasoned customers and cause them to guarantee to reorder with our business as our contributions have more favorable circumstances to them. We will offer them cost advantage, item's expanded advantages, restoration of their arrangements and necessities and entryway step conveyance and 24×7 hours services. I will give serious limits on mass request . Indeed, even , we will give them better credit offices which will pull in more customers to connect with our contributions.  

I feel that customers will again back for our goods and services . We will invite them again with improved items and administrations. I trust that the business turnover and piece of the overall industry of our association will expand step by step regarding our prompt rival.

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3 years ago
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