Your financial statements reflect your current financial condition and how much you earn and spend in a given time period. The two most useful statements are the balance sheet and the cash-flow statement. One presents a summary of assets and liabilities at a certain date and the other shows the income and spending of an individual or family for a period of time. Areflects an individual's or family's assets and liabilities on a specified date.
Your net worth is reflected on your balance sheet. Complete the net worth formula by selecting the correct term for each piece of the equation that follows.
Net Worth
(Your true financial wealth)
(What you own)
(What you owe)
Consider the following example:
Henry Sekkide owns a home valued at $200,000. The balance due on his mortgage is $150,000. Henry's vehicle is worth $18,000 and the outstanding balance on his car loan is $4,500. All bills are paid and Henry's only bank balance shows that he has $5,000 in his account. What is Henry's net worth?
a. $68,500
b. $63,500
c. $50,000
d. $223,000

Morris borrowed $9,000 from a credit union at 13% simple interest for 42 months. what were his money installment payments?

Companies in the u.s. car rental market vary greatly in terms of the size of the fleet, the number of locations, and annual revenue. in 2011 hertz had 320,000 cars in service and annual revenue of approximately $4.2 billion. the following data show the number of cars in service (1000s) and the annual revenue ($ millions) for six smaller car rental companies (auto rental news website, august 7, 2012). excel file: data14-09.xls if required, enter negative values as negative numbers. a. select a scatter diagram with the number of cars in service as the independent variable. b. what does the scatter diagram developed in part (a) indicate about the relationship between the two variables? c. use the least squares method to develop the estimated regression equation (to 3 decimals). ŷ = + x d. for every additional car placed in service, estimate how much annual revenue will change. by $ e. fox rent a car has 11,000 cars in service. use the estimated regression equation developed in part (c) to predict annual revenue for fox rent a car. round your answer to nearest whole value. $ million hide feedback partially correct

Mark knopf is an auditor who has been asked to provide an audit and financial statement certification for a company that is going public on the new york stock exchange. knopf wants to know his personal liability if the company provides him with inaccurate or false information. which of the following sources of law will him answer that question? a. the city ordinances where the company headquarters is located. b. the state constitution of the state where the company is incorporated. c. code of federal regulations. d. all of the above