Ask Question
BusinessBusiness
8 February, 18:47

Definition of net worth?

+3
Answers (2)
  1. 8 February, 19:24
    0
    Full definition of Net worth: Net worth is the value of all the non-financial and financial assets owned by an institutional unit or sector minus the value of all its outstanding liabilities.
  2. 8 February, 19:26
    0
    Net worth is the measure of the wealth of an entity, person, or corporation, as well as sectors and countries. Simply, net worth is defined as the difference between assets and liabilities. It is an important metric to gauge a company's health and it provides a snapshot of the firm's current financial position.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Definition of net worth? ...” 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
Grapes are a counted as an intermediate good only if they are used to produce another good such as wine. b. counted as an intermediate good, whether they are used to produce another good or consumed. C. always counted as an intermediate good. d.
Answers (2)
During the first month of operations ended August 31, Kodiak Fridgeration Company manufactured 80,000 mini refrigerators, of which 72,000 were sold. Operating data for the month are summarized as follows: 1 Sales $10,800,000.
Answers (1)
Aquatic Equipment Corporation decided to switch from the LIFO method of costing inventories to the FIFO method at the beginning of 2018. The inventory as reported at the end of 2017 using LIFO would have been $60,000 higher using FIFO.
Answers (1)
Why don't government planners try to end seasonal unemployment?
Answers (1)
An office telephone system cost $32,000.00 with an estimated residual value of $2,000.00. The system has an estimated useful life of 5 years. Using the sum-of-the-years'-digits method, the amount of depreciation for the fourth year is $6,000.00.
Answers (1)
New Questions in Business
Gault Corporation had the following shares of stock outstanding on December 31, 2018: Common stock, $50 par value, 200,000 shares outstanding Preferred stock, 8 percent, $100 par value, cumulative, 20,000 shares outstanding Dividends were in arrears
Answers (1)
An economy begins in long-run equilibrium, and then a change in government regulations allows banks to start paying interest on check - ing accounts.
Answers (1)
What effect does the availability of many substitutes have on the elasticity of demand for a good?
Answers (1)
What strategies do companies use for their financial benefit
Answers (1)
1. On March 1, a business paid $3,600 for a twelve month liability insurance policy. On April 1 the same business entered into a two-year rental contract for equipment at a total cost of $18,000.
Answers (1)
Home » Business » Definition of net worth?
Sign Up Forgot Password?