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.
Answer:
- boat: 6 mph
- current: 2 mph
Step-by-step explanation:
The relationship between time, speed, and distance is ...
speed = distance/time
For boat speed b and current speed c, the speed downstream is ...
b +c = (16 mi)/(2 h) = 8 mi/h
The speed upstream is ...
b -c = (16 mi)/(4 h) = 4 mi/h
Adding the two equations eliminates the c term:
2b = 12 mi/h
b = 6 mi/h . . . . . divide by 2
Solving the second equation for c, we get ...
c = b -4 mi/h = 6 mi/h -4 mi/h = 2 mi/h
The speed of the boat in still water is 6 mi/h; the current is 2 mi/h.
Answer:
See below
Step-by-step explanation:
We want to prove that
Taking the RHS, note
Remember that
Therefore,
Once
Then,
Hence, it is proved
Because they will always be divisible by 5
Answer:
6/10
Step-by-step explanation:
multiply 3/5 by any whole number ratio equal to 1 to obtain an equivalent fraction.
(2/2)*(3/5) = 6/10
or (3/3)*(2/5) = 9/15
etc.
