All categories

2 years ago

Having a(n) means the amount of your liabilities is larger than the value of your assets.

Business

1 answer:

EastWind [94]2 years ago

8 0

Having a negative net worth means the amount of liabilities is larger than assets.

<h3>What is net worth?</h3>

Net worth is the amount by which assets exceed liabilities. In other words, net worth shows the difference between what is owned by one and what one owe.

If the assets exceed liabilities, then it is a positive net worth. Also, if the liabilities are greater than the assets, it is a negative net worth. Net worth would be the amount of cash you would have if you were to sell all of your personal belongings and pay off all the debt

Therefore, having a negative net worth means the amount of one's liabilities is larger than the value of the assets.

Learn more about net worth here: brainly.com/question/12371230

You might be interested in

Can I Plss get some help on this

AlladinOne [14]

The law of supply illustrates all the quantities of goods that producers are willing and able to sell at every possible price.

<h3>What is the law of supply?</h3>

The law of supply states that when prices increase, the quantity supplied increases and when price falls, the quantity supplied falls. This shows that price and quantity supplied are positively related. This explains why the supply curve is positively sloped.

To learn more about the law of supply, please check: brainly.com/question/26374465

#SPJ1

7 0

2 years ago

Adamdata, a cell phone brand, is planning to collaborate with a few companies that create software for cell phones. It wants to

liubo4ka [24]

Answer:

B) options-based planning

Explanation:

Software development life cycle (SDLC) can be defined as a strategic process or methodology that defines the key steps or stages for creating and implementing high quality software applications.

Some of the models used in the software development life cycle (SDLC) are;

I. A waterfall model.

II. An incremental model.

III. A spiral model.

An options-based planning can be defined as a strategic management process which typically involves the maintenance of flexibility by investing simultaneously in a little amount (manner) in various alternative plans.

In this scenario, Adamdata, a cell phone brand, is planning to collaborate with a few companies that create software for cell phones. It wants to try different operating system software for its phones and then buy the company that manufactures the software that is most compatible with its phones. Therefore, Adamdata is most likely using options-based planning.

4 0

3 years ago

If married and unmarried women respond similarly to a sale on perfume, these hypothetical segments fail the ________ criterion f

vladimir1956 [14]

Answer: Differentiable criterion

Explanation: In simple words, differentiable criterion refers to the phenomenon of market segments in which the producing entity differentiates its product on the basis of different customer base. The base can be set on the criteria of any factor like gender , age group or religion etc.

Under this criterion the producing entity produces the product by taking special considerations to the preferences of that particular customer group. In the given case two separate groups are responding similarly to a single product, hence, it fails differentiable criteria.

4 0

4 years ago

If you know the company that you want to work for, you should check theon the company’s website as you perform your job search.

Shkiper50 [21]

Check out the mission statement and job opportunities on the website.

Find out who to address your cover letter to so that it is more personalized.

7 0

4 years ago

Read 2 more answers

Cullumber Warehouse distributes hardback books to retail stores and extends credit terms of 4/10, n/30 to all of its customers.

Andru [333]

Answer:

01-Jun

Dr Inventory $3,065

Cr Accounts Payable $3,065

03-Jun

Dr Accounts Receivable $1,000

Cr Sales $1,000

03-Jun

Dr Cost of goods sold $850

Cr Inventory $850

06-Jun

Dr Accounts Payable $ 65

Cr Inventory $ 65

09-Jun

Dr Accounts Payable $ 3,000

Cr Cash $2,880

Cr Inventory $120

15-Jun

Dr Cash $ 1,000

Cr Accounts Receivable $ 1,000

17-Jun

Dr Accounts Receivable $1,750

Cr Sales $1,750

17-Jun

Dr Cost of goods sold $950

Cr Inventory $950

20-Jun

Dr Inventory $900

Cr Accounts Payable $900

24-Jun

Dr Cash $1,680

Dr Sales Discounts $70

Cr Accounts Receivable $1,750

26-Jun

Dr Accounts Payable $ 900

Cr Cash $891

Cr Inventory $ 9

28-Jun

Dr Accounts Receivable $2,950

Cr Sales $2,950

28-Jun

Dr Cost of goods sold $920

Cr Inventory $920

30-Jun

Dr Sales Returns & Allowances $240

Cr Accounts Receivable $240

30-Jun

Dr Inventory $ 55

Cr Cost of goods sold $ 55

Explanation:

Preparation of the Journal entries for the month of June for Powell Warehouse, using a perpetual inventory system.

01-Jun

Dr Inventory $3,065

Cr Accounts Payable $3,065

03-Jun

Dr Accounts Receivable $1,000

Cr Sales $1,000

03-Jun

Dr Cost of goods sold $850

Cr Inventory $850

06-Jun

Dr Accounts Payable $ 65

Cr Inventory $ 65

09-Jun

Dr Accounts Payable $ 3,000

($3,065-65)

Cr Cash $2,880

($3,000-$120)

Cr Inventory $120

($3,000*4%)

15-Jun

Dr Cash $ 1,000

Cr Accounts Receivable $ 1,000

17-Jun

Dr Accounts Receivable $1,750

Cr Sales $1,750

17-Jun

Dr Cost of goods sold $950

Cr Inventory $950

20-Jun

Dr Inventory $900

Cr Accounts Payable $900

24-Jun

Dr Cash $1,680

($1,750-$70)

Dr Sales Discounts $70 (1,750*4%)

Cr Accounts Receivable $1,750

26-Jun

Dr Accounts Payable $ 900

Cr Cash $891

($900-$9)

Cr Inventory $ 9

($900*1%)

28-Jun

Dr Accounts Receivable $2,950

Cr Sales $2,950

28-Jun

Dr Cost of goods sold $920

Cr Inventory $920

30-Jun

Dr Sales Returns & Allowances $240

Cr Accounts Receivable $240

30-Jun

Dr Inventory $ 55

Cr Cost of goods sold $ 55

3 0

3 years ago