Answer:
Paul has negative worth of $2,900
His statement is invalid as he did not consider all assets and debts in aggregate.
Step-by-step explanation:
The net worth of Paul is the total asset owned by him less the total of debts owed by him.
Paul's total assets can computed thus:
Stock portfolio $21,000
Home worth $365,000
Car worth $19,000
Total assets $405,000
Paul's total debts can be computed as follows:
Mortgage loan $362,000
Car loan $16,250
credit card debt $11,750
Student loan $17,900
Total debts $407,900
The amount of debts owed by Paul is $2,900($405,000-$407,900) more than his asset worth,which implies that Paul is indebted to the tune of $2,900,hence has negative worth.
The equilibrium price is $12.
<h3>What is the
equilibrium price ?</h3>
Equilibrium is the point where the quantity demanded is equal to the quantity supplied. The price at equilibrium is known as the equilibrium price and the quantity at equilibrium is known as the equilibrium quantity.
When shown on a graph, equilibrium is the point where the quantity demanded curve is equal to the quantity supplied curve.
When there is equilibrium, the equation of quantity demanded would be equal to the equation of quantity supplied.
-280 + 40p = 800 - 50p
In order to determine the value of p, take the following steps:
Combine similar terms: 800 + 280 = 40p + 50p
Add similar terms = 1080 = 90p
Divide both sides of the equation by 90 : 1080 / 90 = 12
To learn more about equilibrium, please check: brainly.com/question/26075805
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Answer: the amount of money that she pays in service fees yearly is $234
Step-by-step explanation:
The number of times that Faye uses an out of network ATM is twice in a week. Assuming that the total number of weeks in a year is 52 weeks in a year. It means that the number of times that she uses an out of network ATM in a year is 62 × 2 = 104 times.
Faye’s bank charges her a $2.25 service fee every time she uses an out-of-network ATM. It means that the total cost for using an Faye’s bank charges her a $2.25 service fee every time she uses an out-of-network ATM for 104 times will be
2.25 × 104 = $234
Answer:
c
Step-by-step explanation:
d=2r=2X3=6
Answer:
$3
Step-by-step explanation:
1. Add the total of the price. 
The total of the items cost $17.
2. Subtract the cost from the amount you are paying. 
Sally gets $3 of change.
