Which of the following statements describes the most likely reason why

Jordan has the following assets and liabilities: Two cars $10,000 House $200,000 Mortgage $100,000 Cash $1,000 Car loans $3,000

kirill [66]

Answer: B. increase to $209,000;increase to $209,000

Explanation:

If he uses that money to pay off his mortgage, his wealth would increase to $209,000 if he puts that money in his checking account, his wealth would increase to $209,000.

A person's wealth is calculated by deducting their liabilities from assets. In this case Jordan's wealth is;

= 10,000 + 200,000 + 1,000 + 2,000 - 100,000 - 3,000 - 1,000

= $109,000

If he pays off the Mortgage his debt will reduce by $100,000 which will increase his wealth to $209,000.

If he puts the money in his checking account, his assets will increase by $100,000 which will bring his wealth to $209,000 as well.

7 0

3 years ago

Which economic challenges in one way that economies in southern and Eastern Africa are overcoming?

cricket20 [7]

"Ecotourism" is the one way among the following choices that are given that economies in southern and Eastern Africa are overcoming the economic challenges. The correct option among all the options that are given in the question is the third option or option "c". I hope the answer has helped you.

3 0

2 years ago

Monica heard that as a general rule, she should spend no more than one week's pay on rent. If Monica's salary is $42,068 per yea

BlackZzzverrR [31]

The answer is $809. There are 52 weeks in a year, so $42,068/52 = $809.

8 0

3 years ago

Read 2 more answers

A company has three divisions and three conference rooms for meetings. To keep track of the use of their facilities, for each me

AleksandrR [38]

Answer:

c) the lenght of time for the meeting

Explanation:

A quantitative variable is a variable that can be stated as numbers. According to this, the answer is that the variable that is quantitative is the lenght of time for the meeting.

The other options: the division holding the meeting and conference room for the meeting are variables that are not numerical and are known as qualitative variables.

4 0

2 years ago

Read 2 more answers

Brickhouse is expected to pay a dividend of $3.15 and $2.46 over the next two years, respectively. After that, the company is ex

fenix001 [56]

Answer: $32.70

Explanation:

According to the dividend discount model, the value of the stock today is the present value of the dividends to be paid plus the present value of the value of the dividend from when the company starts maintaining a stable growth rate which in this question in year 2.

= (Year 1 Dividend / ( 1 + r)) + (Year 2 Dividend / ( 1 + r)²) + (value at year 2 / ( r - g))

Value at year 2 = Year 3 dividend / ( required return - growth rate)

= ( Year 2 dividend * (1 + g)) / ( required return - growth rate)

= (2.46* ( 1 + 0.039)) / ( 0.113 - 0.039)

= $34.54

Value today = (Year 1 Dividend / ( 1 + r)) + (Year 2 Dividend / ( 1 + r)²) + (value at year 2 / ( r - g))

= 3.15/1.113 + 2.46/1.113² + 34.54/1.113²

= 2.83 + 1.99 + 27.88

= $32.70

7 0

2 years ago