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Lena [83]
2 years ago
9

Jordan has the following assets and liabilities:_______. Two cars $10,000 House $200,000 Mortgage $100,000 Cash $1,000 Car loans

$3,000 Checking account balance $2,000 Credit card balance $1,000 What is Jordan’s wealth?a. $107,000
b. $213,000
c. $109,000
d. $111,000
Business
1 answer:
damaskus [11]2 years ago
4 0

Answer:

c $109,000

Explanation:

A person's wealth is calculated by deducting their liabilities from their assets. The value left after the deduction is the person's wealth. In the above case, Jordan's wealth is calculated as;

= Assets [ Two cars + House + Cash balance + Checking account balance ] - Liabilities[ Mortgage - Car loans - Credit card balance ]

= [ $10,000 + $200,000 + $1,000 + $2,000 ] - [$100,000 + $3,000 + $1,000]

= $213,000 - $104,000

= $109,000

Therefore, Jordan's wealth is $109,000

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Answer:

Please find the complete question in the attached file.

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Choosing SEZ's truly trade community is the best way to do the company because it offers availability and accessibility to the airport as well as all business centers.

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7 0
3 years ago
Following a phone call addressing a customer problem, what should you do? O Remove the customer from your mailing list. O Report
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Answer:  Follow up with a letter that documents the call and promotes goodwill.

                                         

Explanation: The given case, belongs to the public relations concept under which the company tries to interact better with their customers, so that the customers enjoy a healthy experience and the image of the company remains positive.

The proper way to address a complaint call is to follow up by giving a letter stating the explanation apologies, excuses shall not be mentioned and assurance should be provided that such action would not be taken in future.

                 

7 0
3 years ago
The Shoe Exchange issues 3,000 shares of its $1 par value common stock to provide funds for further expansion. The issue price i
Nezavi [6.7K]

Answer:

Debit Cash account           $57,000

Credit Shares capital         $3,000

Credit Share premium       $54,000

Being entries to record cash received from the issuance of shares

Explanation:

Par value per share = $1

Issue price per share = $19

Premium per share from issue = $19 - $1

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Entries to be posted

Debit Cash account           $57,000

Credit Shares capital         $3,000

Credit Share premium       $54,000

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4 0
3 years ago
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Answer:

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2. After inputting all the cash flows, press the NPV button, input the value for I, press enter and the arrow facing a downward direction.

3. Press compute

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I hope my answer helps you

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Answer

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