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Volgvan
2 years ago
8

Megan Finder, a recent college graduate, is applying for her first credit card. The creditor has asked for a personal net worth

statement. Megan owns a scooter worth $2,000.00 and has $800.00 in her checking account. She owes Jaycee Auto $920.00 and River College $125.00. Complete a net worth statement for Megan Finder. Select Current Date in the appropriate field. Assets should be listed in order of liquidity, so Cash should be listed first. Liabilities should be reported in alphabetic order.
Business
1 answer:
valentina_108 [34]2 years ago
7 0

Answer and Explanation:

The computation of the net worth statement is shown below:

Assets

Checking account  $800

Scooter $2,000

Total assets $2,800 (A)

Liabilities

OWed to jaycee Auto $920

River college $125

Total liabilities $1,045 (B)

Net worth $1,755 (A - B)

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scoray [572]

Answer:

7.5 Years

Explanation:

The computation of the payback period of the given machine is shown below:

<u>Year       Initial outflow       Cash flow       Cumulative cash flow</u>

               (52000)  

1                                              10,000               10,000

2                                              10,000              20,000

3                                              10,000              30,000

4                                               8,000               38,000

5                                               8,000               46,000

6                                               2,000                48,000

7                                                2,000                50,000

8                                                4,000                 54000

9                                                4,000                 58000

10                                               4,000                 62000

Now the Payback period is

=  Completed years+ required cash ÷ annual cash inflow

= 7 years + 2000 ÷ 4000

= 7.5 Years

5 0
3 years ago
QUESTION 10
melisa1 [442]

Answer:

business

Explanation:

Business is a term that generally describes a firm, company, or individual's combined activities, or system that deal with the creation of commodities or services for the purpose of meeting the targeted consumers' demands.

In order to meet the targeted consumers' demands, businesses transform lower-value inputs into high-value outputs.

Hence, in this case, the correct answer is BUSINESS

5 0
3 years ago
During 2018, Deluxe Leather Goods issued 841,000 coupons which entitles the customer to a $4.20 cash refund when the coupon is s
sergeinik [125]

Answer:

$978,306

Explanation:

The computation of the unremembered liability coupons is shown below:

= (Number of coupons issued × redeemed coupon percentage) - (processed coupons) × worth of coupon

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= 232,930 coupons × $4.20

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Answer:

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yan [13]
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