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Arlecino [84]
2 years ago
6

Lana owns a house worth $325,000 and has a mortgage of $245,000. She owns a guitar worth $750. She also owns a car worth $15,000

and has $9,000 in car loans. She has $8,000 in stock investments and $2,100 in a savings account. What is Lana’s net worth? $83,750 $96,850 $254,000 $350,850
Business
2 answers:
diamong [38]2 years ago
8 0

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

Tema [17]2 years ago
5 0

Answer:

$96,850

Explanation:

took the test

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Create, Inc., a domestic corporation, owns 100% of Vinyl, Ltd., a foreign corporation and Digital, Inc., a domestic corporation.
Bumek [7]

Answer:

c.Create, Vinyl, Digital, and Record

Explanation:

The answer is

c.Create, Vinyl, Digital, and Record

Since Create Inc. which is a domestic corporation, owns 100% shares in two enterprises. One is Vinyl Ltd. which is a foreign corporation and the other is Digital Inc. which is a domestic corporation. And Create Inc. also happens to own 12% shares in a domestic corporation named Record Inc.

Now since Create Inc. owns shares in all the three corporations, all these corporations's net income will be included in the Create's income statement current-year financial report.

Thus the answer is

c.Create, Vinyl, Digital, and Record

6 0
2 years ago
Owen expects to receive at the end of next year from a trust fund. If a bank loans money at an interest rate of ​, how much mone
Nezavi [6.7K]

Answer: a) $18,605

Explanation:

The amount he can borrow today will be an amount that when grown at a rate of 7.5% per year will equal $20,000 in a year.

20,000 = Amount + ( Amount * rate * time)

20,000 = Amount + (7.5% * Amount)

2,000,000 = 1.075 * Amount

Amount = $18,605

4 0
2 years ago
Why shouldn’t personal data like age, race, or gender be included on a résumé?
Solnce55 [7]

Answer:

Explanation:

Because when you included that sometime it can cause discrimination against a certain race of gender. For example, if you add that you are hispanic women you may not get picked for the job over a white male. For age when people see really old people applying for jobs they may not hire them because they would have to explain everything to them.

8 0
2 years ago
Read 2 more answers
What is return on​ investment? A. The amount of income an investment center earns relative to the size of its assets B. Excess i
damaskus [11]

Answer:  Option A

                   

Explanation:  In simple words, return on investment refers to the mount of profit that an investor earns in relation to the cost he or he incurs by undertaking an investment.

It is used as a performance measure to evaluate the efficiency and effectiveness of a project by comparing it with other investments having some characteristics.

Hence from the above we can conclude that the correct option is A .  

3 0
2 years ago
Micro, Inc., started the year with net fixed assets of $75,300. At the end of the year, there was $96,700 in the same account, a
Pie

Answer:

$158,730

Explanation:

Mario incoporation started the year with a net fixed assets of $75,300

At the end of the year the net fixed assets was $96,700

The depreciation expense is $13,270

Therefore the company's net capital spending for the year can be calculated as follows

= $96,700+$75,300-$13,270

= $172,000 - $13,270

= $158,730

Hence the company's net capital spending for the year is $158,730

6 0
2 years ago
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