personal finances

A family with $45,000 in assets and $22,000 of liabilities would have a net worth of:

A. $45,000.

B. $23,000.

C. $22,000.

D. $67,000.
im thinking d

  1. 👍
  2. 👎
  3. 👁
  1. umm can someone help me please

    1. 👍
    2. 👎
  2. nevermind the answer is b thanks for the answer NOT

    1. 👍
    2. 👎
  3. Anthony -- if you expect instant answers, you'll be disappointed here. Although some questions are answered within 22 minutes, we volunteers do not constantly hover over the board.

    1. 👍
    2. 👎
    Ms. Sue

Respond to this Question

First Name

Your Response

Similar Questions

  1. accounting

    Cash $40,000 Accounts receivable $120,000 Inventory $300,000 Prepaid rent $2,000 Accounts payable $150,000 Salaries payable $7,000 Long-term bonds payable $200,000 The selected accounts above are from TJ Supply’s balance sheet.

  2. financial management

    Data for Barry Computer Company and its industry averages follow: A. Calculate the indicated ratios for Barry. B. Construct and extend DuPont evaluation for both Barry and the industry. C. Outline Barry’s strengths and

  3. finance

    A firm's long term assets = $75,000, total assets = $200,000, inventory = $25,000 and current liabilities = $50,000.


    Below is a list of account balances for Currie Hospital as of December 31, 2013. Prepare a balance sheet as of December 31, 2013, in proper form. (Hint: You will need to compute the net assets account. Assume that all net assets

  1. college

    Problem 2: For each journal entry, prepare an explanation of the business event that is being represented: a. Loan payable $57,000 Cash $11,400 Inventory $45,600 b. Accounts payable $13,450 Cash $13,450 a. The company borrowed

  2. accounting

    :The balance sheet for Glenwood Corporation at December 31, 2011, showed the following subtotals: Current Assets $140,000 Current Liabilities 80,000 Property & Equipment 420,000 Total Stockholders' Equity 420,000 Retained Earnings

  3. Accounting Math

    Can anyone please show me the calculation for these problems: Burlin Company starts the year with $100,000 in assets and $80,000 in liabilities. Net Income for the year is $25,000, and no dividends are paid. How much is owner’s

  4. Finance

    Use your knowledge of balance sheets and common-size statements to fill in the missing dollar amounts: ASSETS Cash $25,000 3.4% Accounts receivable $125,000 _____ Inventory _______ 27.1% Total current assets $350,000 ______ Gross

  1. Advanced Accounting

    Estimated and Actual Goodwill Passion Company is trying to decide whether or not to acquire Desiree Inc. The following balance sheet for Desiree Inc. provides information about book values. Estimated market values are also listed,

  2. accounting

    Lily Company had the following assets and liabilities on the dates indicated. December 31 Total Assets Total Liabilities 2009 $400,000 $250,000 2010 $460,000 $300,000 2011 $590,000 $400,000 Lily began business on January 1, 2009,

  3. acc 100

    Jan Nab is the sole owner of Deer Park, a public camping ground near the Lake Mead National Recreation Area. Jan has compiled the following financial information as of December 31, 2010. Revenues during 2010—camping fees

  4. finance

    A firm has $600,000 in current assets and $150,000 in current liabilities. Which of the following is correct if they use cash to pay off $50,000 in accounts payable? 1)Current ratio will increase to 5.0. 2)Net working capital will

You can view more similar questions or ask a new question.