Answer:
$122,000
Explanation:
Net worth refers to total assets minus total liabilities.
Therefore, the net worth of this customer can be calculated as follows:
Assets = Existing assets + A new car - Withdraw from existing checking account = $436,000 + $35,000 - $5,000 = $466,000
Liabilities = Existing liabilities + Borrowing from auto fiance company = $314,000 + $30,000 = $344,000
Net worth = Assets - Liabilities = $466,000 - $344,000 = $122,000.
Answer:scientific approach
Explanation:scientific approach is a process of collecting fact and applying
Logical decision technique. It involves the use of big data to source for relevant data for decision making. When using scientific method in business,you must determine the research goal,without a clear research goal you will not be able to draw conclusion from the gathered data from the research.
scientific approach in business involves investigation,evaluation,experimentation,interpretation and theorizing for effective decision making.
Answer:
true
Explanation:
For example, if a bank account has a $100 minimum balance requirement, you want to make sure that you don't let your balance fall to $99.99 or less.
Based on the information given, the corporate bond will be recommended for Mr. Brown while the municipal bond will be recommended for Mr Black.
<u>Mr Brown:</u>
The after-yield tax on corporate bonds will be:
= Before tax yield × (1 - tax rate)
= 4% × (1 - 0.10)
= 3.60%
After tax yield on municipal bond will be:
= 3.5% × 1 = 3.5%
The corporate bond is recommended.
For <u>Mr. Black</u>
The after-yield tax on corporate bonds will be:
= 4% × (1 - 0.35)
= 2.60%
The after-yield tax on municipal bonds will be:
= 3.5% × 1
= 3.5%
Therefore, the municipal bond is recommended.
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