The question was based on https://www.longbranch.k12.nj.us/cms/lib/NJ01001766/Centricity/Domain/661/Codys_Statement_of_Financi....
If we would divide the given facts into assets and liabilities the answer is poor. He went below because of his spendings.
Assets Liabilities
TV- 250 student loan 2600
Mp3 Player 200 credit card 1 850 Laptop 750 credit card 2 1200 Game system 250 loan from parents 200 watch 200 truck 3200 Checking Account 560 Savings Account 1 945 Savings Account 2 3400 TOTAL $ 6555 TOTAL $8050 LOSS $-1495
Answer:
The potential benefits of this type of situation are articulated below.
Explanation:
- This could help throughout the knowledge of quality health services or could update new policies and procedures on health organizations that will be of benefit to something like the construction process.
- Might well encourage you to understand how to manage financial affairs. What about an offer to customers, expenses, and so on.
I believe that the answer to the question provided above is that <span> households would change their saving behavior enough in response to this to make a difference, since everyone has their choice of saving or not.</span>
Hope my answer would be a great help for you. If you have more questions feel free to ask here at Brainly.
The Net Income For Blue Bird LTD. is $69362.
Explanation:
As per Accounting Equation;
Total Asset = total equity + total liabilities
as we are don't have equity so we will take it as x and liabilities as y
Now our equation will be,
$223500 = x+y ........................................................................(i) equation
we are also given a debt equity ratio = 
Debt Equity Ratio = 
.45x = y................................................... (ii) equation
so now putting y of (ii) equation into (i) equation, we will get
$223500 = x+ .45x
x =
x (i.e equity) = $154,138
and, y (debt ) = $69362
to find net income , where Return on equity (ROE) =
net income = .12×$154138
net income = $18497
