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ladessa [460]
2 years ago
7

Theresa owes $9,000 on her car loan. If the value of her car is $15,000, what is her equity in the car?

Mathematics
2 answers:
marin [14]2 years ago
8 0

Answer:

6000

* I took the test and the answer was 6000 :)

Schach [20]2 years ago
7 0
Hi there

Since Theresa owes $9,000 this amount enters in liability

the value of her car which is 15000
This amount enters in assets

So to find the equity in the car
Owners equity=assets-liability
Owners equity=15000-9000=6000

6000 is the equity in the car

Good luck!
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At the snack bar, hot dogs cost $4 each and bottled water costs $2 each. In the first business hour of the day, less than $12 wo
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<u><em>Answers:</em></u>
(2,1)
(1,3)

<u><em>Explanation:</em></u>
Assume that the number of hot dogs is x and the number of water bottles is y.
<u>We are given that:</u>
1- cost of hot dog is $4
2- cost of water is $2
3- total profit was less than $12

<u>This means that:</u>
4x + 2y < 12

<u>We will check the options that satisfy the above inequality:</u>
<u>Option 1: (-1,5):</u>
This option is rejected as we cannot sell -1 hot dog

<u>Option 2: (0,6):</u>
4x + 2y = 4(0) + 2(6) = 12
12 is not less than 12
This option is incorrect

<u>Option 3: (2,1):</u>
4x + 2y = 4(2) + 2(1) = 8 + 2 = 10
10 is less than 12
This option is correct

<u>Option 4: (1,1.5):</u>
This option is incorrect as we cannot sell 1.5 bottle of water

<u>Option 5: (1,3):</u>
4x + 2y = 4(1) + 2(3) = 4 + 6 = 10
10 is less than 12
This option is correct

<u>Option 6: (2,2):</u>
4x + 2y = 4(2) + 2(2) = 8 + 4 = 12
12 is not less than 12
This option is incorrect

Hope this helps :)
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I hope my answer has come to your help. Thank you for posting your question here in Brainly.
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