A couples house is $192,00 and their auto is $9,500. Assume that their home is now appraised at $200,000 and the value of their automobile has dropped to $8,700. Calculate and characterize the effects of these changes on their net worth.
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A couples house is $192,00 and their auto is $9,500. Assume that their home is now appraised at $200,000 and the value of their automobile has dropped to $8,700. Calculate and characterize the effects of these changes on their net worth.
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- Mike has spent $500 purchasing and repairing an old guitar, which he expects to sell for $800 once the repairs are complete. Mike discovers that, in addition to the $500 he has already spent, he needs to make an additional repair, which will cost another $400, in order to make the guitar worth $800 to potential buyers. He can sell the guitar as it is now for $300. What should he do?Write the net present or future worth expression?Calculate Savings when income is $2000 and APS is 0.62
- Please answer everything in the photos. Bottom question is asking which option below is the overall increase. $750,000 $6,000,000 or $7,500,000.Dennis is planning to invest his money to earn more. He is willing to take a little risk by buying incomeearning assets to help him earn more. However, he wanted to make sure that when he needs the money he invested, he will be able to get part of it immediately. What type of investment would you advise Dennis to buy? Why?Jill took $50,000 that she had in savings and started her own business. If left in investments, she would have earned $5,000 this year. Jill also left a job that paid her $70,000 a year and plans on paying herself $40,000. Materials and other labor costs will be $80,000. The company is located in a building that Jill owns. She has an insurance and mortgage payment of $20,000. She could have rented the building out for $40,000. What are the accounting and economic costs? The accounting cost is $ and the economic cost is $
- Shawna bought an antique table for $200 last year and is now selling it for $250. Her rate of return on the table is Multiple Choice 10 percent. 20 percent. 25 percent. 30 percent.Jill took $40,000 that she had in savings and started her own business. If left in investments, she would have earned $4,000 this year. Jill also left a job that paid her $50,000 a year and plans on paying herself $30,000. Materials and other labor costs will be $60,000. The company is located in a building that Jill owns. She has an insurance and mortgage payment of $10,000. She could have rented the building out for $20,000.you have $84.25. you get additional money for mowing lawns. then you purchase a new pair of shoes for $75.49 and $63.76 left. how much money do you earn mowing lawns?
- The Hernandez family is experiencing some financial pressures, even though the couple has a combined income of $82,000. Also, their eldest son, Joseph, will start college in only three years. Maria is contemplating going to work full time to add about $33,000 to the family's annual income. How will this change in income affect the family's emergency fund needs?Increase/decreaseJohn was a troubled teen and got arrested several times and even spent some time in a juvenile detention center. John is now 22 years old and briefly attended Highline College but dropped out and has no job. John’s grandmother is very concerned, so she promised John that if he got a steady job, did not break the law again, and if he went back to Highline College if he could be re-admitted, she would pay John $50,000. John loved his grandmother and he promised to do all of that for her. Discuss whether these various promises on John’s part would constitute valid consideration for the payment of the $50,000. Please fully explain your answer for all the points.