All categories

2 years ago

The following table shows the assets and liabilities of the Chang family in 2007 and 2008.

Business

1 answer:

Aleks [24]2 years ago

5 0

Answer:

Liabilities are what someone owes and assets are what someone owns and is worth something. The house is an asset and the car loan is a liability. According to the numbers provided the assets have an increase of $6,000 with +10,000 from the house and -4,000 from the car. And liabilities had a decrease of $25,500 with a -$29,000 from mortgage and car loans and a +3,500 from the savings account and debt. So assets increase and liabilities decrease.

You might be interested in

How do the elements of the marketing mix work together to help create a<br>marketing strategy?

alex41 [277]

Answer:

The marketing mix refers to the actions a company takes to market its product(s) and/or service(s). Typically, it acts as a framework for breaking down the four key components of marketing — product, price, place, and promotion.

Explanation:

4 0

3 years ago

Interest you receive from a bank is not considered income<br> True or False?

bulgar [2K]

Any interest that you receive from a bank is taxable income, so I guess its false

6 0

3 years ago

Read 2 more answers

In China, state control of media is high, so companies are challenged to find ways to get their message to customers. This demon

Ivanshal [37]

This demonstrates a difficulty in crafting a global communication strategy.

The question says that the nation of China is very much controlling the media in the country. This has made it difficult for businesses to communicate with their users.

This here tells us about the issue of communication. The companies may have issues sending message across to all of its customers due to the media problem.

This problem may be more difficult in a case where the business is a foreign market.

3 0

2 years ago

Kenji is another investor who currently owns shares of ESolver stock. He would like to place a particular kind of limit order, i

Mars2501 [29]

Answer: Fill or kill order

Explanation:

A fill or kill order is used when an individual or firm wants to either buy or sell a stock and in such cases, the order must be done as quickly as possible in its entirety.

If the order isn't done immediately at the price that has been specified or a price that's more than the specified price, such order is cancelled. Also, for a fill or kill order, partial execution isn't applicable.

4 0

3 years ago

Dalton Industries makes all purchases on account, subject to the following payment pattern: Paid in the month of purchase: 25% P

sladkih [1.3K]

Answer:

The firm's budgeted payments in March is $206,500

Explanation:

The purchase pattern is categorized into three percentage : 25%, 55% , and 20%

Here, following month is considered to be a month which is before than actual month.

The firm's budgeted payments in March is computed below:

= 25% of march month + 55% of February month + 20% of January month

= 25% × $240,000 + 55% × $190,000 + 20% × $210,000

= $60,000 + $104,500 + $42,000

= $206,500

Thus, the firm's budgeted payments in March is $206,500

5 0

4 years ago