Business

Antwan

21 September, 01:42

Suppose that Jacob's assets include a motorcycle worth $12,000 and a checking account with a $3,000 balance, while his liabilities include a credit card balance of $4,000 and a motorcycle loan balance of $7,000. What is his net worth?

A) $4,000

B) $5,000

C) $7,000

D) $12,000

+1

Answers (1)

Know the Answer?

Not Sure About the Answer?

Find an answer to your question ✅ “Suppose that Jacob's assets include a motorcycle worth $12,000 and a checking account with a $3,000 balance, while his liabilities include ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.

Search for Other Answers

You Might be Interested in

In year 2, Rossman Corp, changed its inventory method from FIFO to the weighted average method. The change resulted in a decrease in beginning inventory for year 2 of $10,000.

Mona works for Leonardo Corporation as a sales representative. Leonardo gives her a travel allowance of $350 per month.

A corporation has 50,000 shares of $28 par stock outstanding that has a current market value of $150 per share. If the corporation issues a 4-for-1 stock split, the market value of the stock will fall to approximatelya. $7.00 b. $112.00 c. $37.50 d.

Anders industries currently holds two debts: an $11,000 debt due in 12 months and a $16,000 debt due in 18 months. anders prepares a classified balance sheet using an 18-month operating cycle. how should these debts be classified?

When sample measurements fall inside the control limits, it means that: each unit manufactured is good enough to sell. a. the process limits cannot be determined statistically. b. the process output does not fulfill the requirements. c.

New Questions in Business

When making decisions for her department, Ellie tends to take a long time because she takes into consideration a large amount of information. What type of decision-making style does Ellie demonstrate?

What famous economist developed the principle of comparative advantage as we know it today?

Bedrock Company reported a December 31 ending inventory balance of $414,000. The following additional information is also available: The ending inventory balance of $414,000 included $72,400 of consigned inventory for which Bedrock was the consignor.

After cost overruns of the solar project, $10 million was already spent and unrecoverable. It was going to cost $12 million more in order to complete the project, and now society somehow needs to make the rational choice toa.

A market order has: a. Price uncertainty but not execution uncertainty. b. Both price uncertainty and execution uncertainty. c. Execution uncertainty but not price uncertainty.