Answer:
$96,850
Explanation:
The net worth refers to the value of all the assets owned by a person or entity minus the value of all the liabilities. In Lana's case the assets are:
House $325,000
Guitar $750
Car $15,000
Stock investments $8,000
Savings Account $2,100
Total value of assets: $350,850
Lana's Liabilities:
Mortgage $245,000
Car loans $9,000
Total value of liabilities: $254,000
So, Lana's net worth would be:
$350,850-$254,000= $96,850
Answer:
<em>Hamburgers = 27</em>
<em>Sodas = 93</em>
Explanation:
Let x = Hamburgers
y= Sodas
Now form a system of equation aX + bY = C
where
a= 1.75 = coefficient of variable X
b= 0.75 = coefficient of variable Y
C= 117.50
Put these values in above equation
1.75x + 0.75y = 117.50 . . . . . (1)
Since I sold total of 120 hamburgers and sodas, we can write
x + y = 120 . . . . . (2)
or y = 120 - x ....... put this value in eq.1
1.75x + 0.75( 120 - x ) = 117.50
1.75x + 90 - 0.75x = 117.50
90 + x = 117.50
x = 117.50 - 90
x = 27 .......... put this in equation 2
x + y = 120
27 + y = 120
y = 120 - 27
y = 93
Answer:
c. 67,757 errors per million opportunities
Explanation:
The computation of the errors per million opportunities is shown below:
= Customer complaints last week ÷ total guest stayed in that week × 1,000,000
= 29 customers ÷ 428 guests × 1,000,000
= 67,757 errors per million opportunities
Hence, the correct option is c.
We simply applied the above formula so that the correct value could come
And, the same is to be considered
Answer:
If you wait one year, in 45 years you will have $16,624.04 more than investing today.
Explanation:
Giving the following information:
Option 1:
Initial investment= $11,500
Number of years= 45
Interest rate= 4.1%
Option 2:
Initial investment= $11,500
Number of years= 44
Interest rate= 4.7%
To calculate the future value for both options, we need to use the following formula:
FV= PV*(1+i)^n
<u>Option 1:</u>
FV= 11,500*(1.041^45)= $70,142.41
<u>Option 2:</u>
FV= 11,500*(1.047^44)
FV= $86,766.45
If you wait one year, in 45 years you will have $16,624.04 more than investing today.
Answer:
Lester Company
The accumulated depreciation amounts for buildings $35,000 and for equipment $60,000 were obtained as the differences between the costs and the book values of the assets. The cost of a long-term asset is usually reduced to its book value by the total amount in the accumulated depreciation account. The accumulated depreciation account shows the progressive amounts set aside annually as a write-off of the asset, showing its use over the period in accordance with the accrual concept and matching principle. The accrual concept and matching principle require cost to be matched to the revenue it helps to generate.
Explanation:
Transferred Assets:
Cost Book Value Difference Explanation
Cash $40,000 $40,000 $0
Accounts Receivable 75,000 68,000 $7,000 (doubtful accounts)
Inventory 50,000 50,000 $0
Land 35,000 35,000 $0
Buildings 160,000 125,000 $35,000 (depreciation)
Equipment 240,000 180,000 $60,000 (depreciation)