All categories

3 years ago

The difference between personal assets and personal liabilities

Business

2 answers:

nata0808 [166]3 years ago

7 0

Answer:

Assets include the value of securities and funds held in checking or savings accounts, retirement account balances, trading accounts, and real estate. Liabilities include any debts the individual may have including personal loans, credit cards, student loans, unpaid taxes, and mortgages.

Explanation:

bulgar [2K]3 years ago

4 0

Answer:

Assets: include the value of securities and funds held in checking or savings accounts, retirement account balances, trading accounts, and real estate.

Liabilities: include any debts the individual may have including personal loans, credit cards, student loans, unpaid taxes, and mortgages.

Difference between Assets & Liabilities:

Assets are what a business owns and liabilities are what a business owes. Both are listed on a company's balance sheet, a financial statement that shows a company's financial health. Assets minus liabilities equals equity, or an owner's net worth.

You might be interested in

As the Board of Governors of the American Red Cross considers planning, one option is to make strategic plans and then direct ma

n200080 [17]

Answer:

a. the environment is a dynamic one, and department and frontline managers can come up with more responsive plans than can central leadership.

Explanation:

If the organization is a dynamic system, it means that conditions change fast and often. In this case, a plan developed by top-management may not be adequate enough a month, or even a week later after being devised.

Therefore, it's best to allow frontline managers, who have knowledge about daily operations and conditions, to develop their own plans (with the assistance of the planning specialists), and to modifiy those same plans if needed.

3 0

4 years ago

A nurse manager has had issues with a marginal employee. staff members have complained several times to the manager regarding th

OleMash [197]

The nurse manager should have a talk with the employee in question to make sure that the employee understand protocols and procedures and if the employee doesn't then the manager needs to consider having the employee to complete another cycle of training.

5 0

3 years ago

The Sheridan Acres Inn is trying to determine its break-even point during its off-peak season. The inn has 50 rooms that it rent

padilas [110]

Answer:

Results are below.

Explanation:

First, we need to calculate the unitary variable cost and the fixed costs:

Unitary variable cost= 6 + 12= $18

Total fixed costs= 4,000 + 1,500 + 1,300 + 832

Total fixed costs= $7,632

Now, to calculate the break-even point both in units and dollars, we need to use the following formulas:

Break-even point in units= fixed costs/ contribution margin per unit

Break-even point in units= 7,632 / (36 - 18)

Break-even point in units= 424 per month

Break-even point (dollars)= fixed costs/ contribution margin ratio

Break-even point (dollars)= 7,632 / (18/36)

Break-even point (dollars)= $15,264

8 0

3 years ago

What economic benefit does a Private Limited Company has on the economy?

Luda [366]

Answer:

Limited Liability. A Private Limited Company is a legal entity in its own right, allowing the business owner to keep their assets separate from the business itself. ...

Limited Liability. ...

Professional Reputation. ...

Administration. ...

Legal Duties.

3 0

3 years ago

Describe the five factors that may limit how fast a project can be completed. Give an example of each.

crimeas [40]

Answer:

Logical order, activity duration, resource availability, imposed dates, and cash flow are the five factors that may slow down the completion of a project.

Explanation:

The order in which activities should be completed is known as logical order. You wouldn't put down new carpet before removing the old one. As a result, the logical order is for the predecessor activity to come first, followed by the successor activity.
The total number of work periods required to complete a scheduled activity (excluding holidays and other nonwork periods) is known as activity duration. By identifying the right people for the job and discussing the time frame of each activity with them, you can figure out how long each activity should take.
The availability of resources, such as workers, to complete a project is referred to as resource availability. Obtaining commitments for equipment and workers in a project prevents days of no work from occurring. It is necessary to stick to a strict schedule.
Imposed dates are deadlines for completing specific parts of a project. Perhaps your permit is only valid for 30 days. If this is the case, you must complete your project within the specified time frame. This date was not chosen; it was imposed by the permit.
The term "cash flow" refers to the money that comes in from the financial backer as well as the money that goes out to the employees and subcontractors. If there is a cash flow problem on either end of the transaction, it can affect the entire project. Workers will not continue to work if they are not paid on time, and a project may be abandoned.

Source:

Describe the five factors that may limit how fast a project can be completed. Give an example of each (Course Hero).

8 0

3 years ago