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aev [14]
3 years ago
12

Catherine Jones has determined the following information about her own financial situation. Her checking account is worth $800 a

nd her savings account is worth $1,500. She owns her own home that has a market value of $103,000. She has furniture and appliances worth $10,500 and a home computer and laptop worth $3,100. She has a car worth $14,000. She has recently purchased an annuity worth $5,400 and she has a retirement account worth $44,000. What is the value of her liquid assets
Business
1 answer:
Akimi4 [234]3 years ago
5 0

Answer:

$2,300

Explanation:

Calculation for the value of her liquid assets

Using this formula

Value of her liquid assets=Checking account worth+Savings account worth

Let plug in the formula

Value of her liquid assets=$800 + $1,500

Value of her liquid assets=$2,300

Therefore Value of her liquid assets will be $2,300

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A computer reads a sequence from top to bottom and left to right? True or False
Alisiya [41]

Answer:

true

Explanation:

its true because if you look at your computer it goes left to right ,top to bottom . Also because you can turn on your flipagram

7 0
3 years ago
Read 2 more answers
Megan is already looking ahead to graduation and a job, and she wants to buy a new car not long after her graduation. If after g
miss Akunina [59]

Answer:

$ 7,322  

Explanation:

$2300 per year is an annuity investment. The formula for future annuity value is as below

FV  =  A  × (1 + r)^n - 1 / r

                           

Where A = amount invested periodically

r = interest rate, 6% or 0.06

n = 3 years

Fv = $2300 x{ (1 +0.6)^3 -1} /0.06

Fv  = $2300 x (1.191016-1) /0.06

Fv  = $2300 x  ( 0.191016/0.06)

Fv =  $2300 x  3.1836  

Fv=  $ 7,322.28

Fv= $ 7,322  

 

7 0
3 years ago
In 2010, bad freezes destroyed a large portion of Florida's grapefruit crop. Explain what happened in the grapefruit market usin
lutik1710 [3]

Answer: Please refer to Explanation

Explanation:

The Grapefruit market will experience an acute shortage of grapefruits because the bad freeze destroyed most of the crop that was going to be supplied.

This shortage in supply will force the price up and therefore lead to a drop in Demand as a lot of people will decide that they can't spend the new amount.

This scenario would lead to an increase in the Equilibrium price because the supply curve will be forced to the left and the new intersect with the Supply curve will be higher. The Equilibrium Quantity will also reduce because of the shortage that is being experienced as a result of a large portion of the grapefruits being destroyed.

In the graph I attached, S2 refers to the supply curve AFTER the bad freezes. Notice how the price went up to P2 and the Quantity dropped to Q2.

If you need any clarification do comment. Cheers.

8 0
4 years ago
Beth's business purchased only one asset during the current year (a full 12-month tax year). Beth placed in service machinery (7
nalin [4]

Answer:

the depreciation expense on the equipment will be 1,785 for tax purpose.

Explanation:

We will look into the MACRS (Modified Accelerated Cost Recovery System)

table for a property of seven years placen into service in the 4th quarter:

Which give us 3.57%

now we multiply the basis by the coefficient and get the value for depreciation

50,000 x 3.57% = 1,785 depreciation expense under MACRS

4 0
3 years ago
During 2020, $830000 of raw materials were purchased, direct labor costs amounted to $670000, and manufacturing overhead incurre
Schach [20]

Answer:

Waterway Industries's total manufacturing costs incurred in 2020 amounted to $2,140,000

Explanation:

The computation of the total manufacturing cost is shown below:

= Raw material + Direct labor cost + Manufactured overhead cost

= $830,000 + $670,000 + $640,000

= $2,140,000

Thus, the total manufacturing cost is comprised of direct raw material, direct labor cost, and the manufacturing overhead cost. That's why we add these three costs.

4 0
3 years ago
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