the difference between personal assets and personal liabilities

Answers

Answer 1

Answer:

Assets include the value of securities and funds held in checking or savings accounts, retirement account balances, trading accounts, and real estate. Liabilities include any debts the individual may have including personal loans, credit cards, student loans, unpaid taxes, and mortgages.

Explanation:

Answer 2

Answer:

Assets: include the value of securities and funds held in checking or savings accounts, retirement account balances, trading accounts, and real estate.

Liabilities: include any debts the individual may have including personal loans, credit cards, student loans, unpaid taxes, and mortgages.

Difference between Assets & Liabilities:

Assets are what a business owns and liabilities are what a business owes. Both are listed on a company's balance sheet, a financial statement that shows a company's financial health. Assets minus liabilities equals equity, or an owner's net worth.


Related Questions

Rex is currently taking physics as one of his electives in school. His grade at the end of the year is determined by the average of four exams, each worth 100 points. On his first test he got an 84, on his second he got a 86, and on his third an 92. What must he score on his fourth exam to get an A (90%) in the course?

a. 98

b. 90

c. 88

d. 86

Answers

the answer is 90%because you add up every thing

Answer:

98%

Explanation:

the catalyst for the market revolution was a series of innovations in

Answers

The innovation of Transportation and Communication act as catalyst for Market Revolution in the 18th Century.

The term "Market Revolution" describes a fundamental transformation to the U.S. economy in the 18th and 19th Century as a result of widespread mechanization of industry and the expansion of various domestic and foreign economic markets.

The revolution brought about an explosive economic growth and new personal wealth in the country.

The impact of the transportation and communication industry brought about the increased improvement in Market Revolution because its speed and lowered the expense of commerce during the period.

Therefore, in conclusion, the Transportation and Communication are the catalyst for the Market Revolution.

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What pricing strategies do McDonalds use.

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Broke people ones …..

identify two ways to deposit money into and withdraw money out of your checking account.

Answers

Answer:

There are two ways to make deposits and withdrawals from a checking account: by going to a bank branch and working with a bank teller, or by using the nearest ATM.

Explanation:

what is the opportunity cost of investing in capital?

Answers

Answer:

your opportunity is on your hand

in which step of the l&d process do managers determine what skills employees should have after the process that they did not have before?

Answers

The learning and development process refers to the steps taken by the employers of labor to equip their employees with the knowledge they need to succeed. The stage in which managers determine what skills employees should have after analyzing the skills that they did not have before is;

The Training Needs Analysis or Skills Assessment stage

Before training employees on certain skills, there should be an evaluation of what they knew before.

When their present skills are determined, it becomes easy to identify the gaps and fill them in through training.

So, the Skills Assessment stage, which is the second stage after Role-based Competency Mapping is applicable.

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a $50,000 loan is to be amortized over 7 years, with annual end-of-year payments. which of these statements is correct?

Answers

Proportion of each payment that represents interest as opposed to repayment of principal would be lower if the interest rate were lower.

Amortization is the process of gradually paying-off of debt through scheduled installments that include the component of principal and interest.

The amortization tables helps to keep track of amount owed and when payment is due.

The table also shows how much to be paid at required intervals (i.e. monthly, bi-monthly, quarterly etc)

As the repayment and period of payment increase, the outstanding debt keeps decreasing as well.

The rate of interest determines the amount of repayment to be made at each interval

Therefore, if the interest rate were lower, then, the repayment of principal would be lower as well.

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PLEASE HELP ASAP, I WILL MARK BRAINLIEST
-economics

What is one strategy banks use to make sure people pay back their loans on
time?
A. Criminal prosecution for late payments
B. Increasing credit scores for late payments
C. Charging fees for late payments
D. Lowering interest rates for late payments

Answers

Answer:c

Explanation:because they would have to pay more over time

beginning inventory is $60,000. purchases of inventory during the year are $100,000. cost of goods sold is $120,000. what is ending inventory?

Answers

Answer:

Beginning inventory is $60,000. Purchases of inventory during the year are $100,000. Cost of goods sold is $120,000. What is ending inventory? $40,000

Explanation:

similarity between formal and informal employment​

Answers

Answer:

okay

can we be friends!

Explanation:

. How are jobs created in different economic systems?
• Market
• Mixed
• Command
Traditional

Answers

Answer:

it depends

Explanation:

it depends on the area the person stays



Describe the key features of a financial record keeping system.

Answers

Answer:

A financial record keeping system should be safe, comprehensive and accessible.

Answer:

A financial record keeping system should be safe, comprehensive and accessible.

Explanation:

Correct on edg. 2021

assume a linear demand curve. the demand curve intersects the price axis at $10. the price of the good is $2 and the quantity sold is 20. calculate the consumer surplus.

Answers

Answer:

80

Explanation:

You use the area of a triangle formula (1/2b*h). In this case the base would be 20 (quantity demanded) and the height would be 8 (10-2).

The consumer surplus is $80

The demand curve is a curve that shows the relationship between the quantity demanded and the price of a good. The demand curve is downward sloping because quantity demanded is negatively related to the price of the good.

Consumer surplus is the difference between the highest amount a consumer is willing to pay for the good and the price of the good. Looking at the attached image, the consumer surplus is represented by the triangle formed under the area of the demand curve.  

Consumer surplus can be determined by calculating the area of the triangle.

Area of a triangle = 0.5 x base x height

Base = 20 = quantity sold

Height = $10 - $2 = $8

Consumer surplus = 0.5 x 20 x $8 = $80

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You were thrilled when your employer named you the new Southeast Asia manager and put you in charge of setting up the organization’s office there. But in only your second week at the new location, you encountered something unusual. A local government worker informed you that he would process your permit applications and other paperwork more quickly if you were willing to give him a cash payment, otherwise it may take up to 18 months to process them. Where you come from, that’s a bribe, which is both unethical and illegal. Your career is riding on this promotion, so what should you do?

Answers

Since your career is on the line, It is better you consult with your organization's ethics committee and act accordingly.

Bribery is simply known as an offence where an individual is offered or received of gifts or rewards. It can be in monetary or non monetary terms

Conclusively, Since my career and future is on the line, making a mistake of accepting of the bribe is never an option and also to avoid taking the wrong step, consulting the ethics committee will be the right thing to do.

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a demand curve shows the relationship between price and _________________ on a graph.

Answers

Answer:

relationship between price and quantity demanded

Explanation:

Plz Mark Brainliest

A demand curve shows the relationship between price and quantity demanded.

What is the demand curve?

The demand curve is a downward sloping curve that shows the relationship between price and quantity demanded. The relationship between price and quantity demanded is negatively related. As price increases, the quantity demanded decreases and as price decreases, the quantity demanded increases.

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what does it mean if the government runs out of money

Answers

Debt ceiling crisis!

we call it debt ceiling crisis


В семье Богдановых 4 человека. Папа зарабатывает
в месяц 18 тыс. руб., мама – 13 тыс. руб. Дочь учится в
школе, дедушка ежемесячно получает пенсию в размере
15 тыс. руб. Богдановы живут в квартире, которая стоит
1 млн руб. (налоговая ставка – 0,1%). У них есть ещё одна
квартира, которую семья сдаёт за 12 тыс. руб. в месяц. Каковы ежегодные налоговые выплаты семьи Богдановых?

Answers

Answer:

Tiene 4 +3 +453 es lqefiq3rgoawenwf

how much halloween candy is sold in the us each year?

Answers

Answer:

According to the Huffington Post, Americans purchase nearly 600 million pounds of candy each year for Halloween

Explanation:

Which would be an example of a change in culture due to conflict?

Answers

An example of cultural conflict is the debate over abortion. Ethnic cleansing is another extreme example of cultural conflict. Wars can also be a result of a cultural conflict; for example the differing views on slavery were one of the reasons for the American civil war.

I need help with the Helmes case would anyone kindly help me with the answer for this question.

How can planning ensure that Hermès continues to meet its delivery targets in the future and at times when there is bad weather or high peak-demand?

Answers

Panning could ensure a safer environment for the turtles turtle queen julien mauahayhahahahahaha

how is a marketing plan used by marketers to set up a business on a journey towards success?

Answers

A marketing plan is used to identify the target market for your product and how your business would be able to offer benefits to the market.

A well developed marketing plan helps the marketer to make sales easier in the business. If the marketer is able to sight and make targets for their supposed customers, they would be able to channel resources more wisely.

In conclusion a marketing plan can do the following:

Help to set goalsCreate motivation for the businessSet time and priorities straightHelps you target your customers.

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who is likely to be in favor of a price ceiling on a good?

Answers

Answer:

A vast majority of Democrats and a few Republicans. On this recent vote, 11 Republicans voted with the Democrats.

Identify a true statement about export arrangements in the context of initial division structure. Multiple Choice If a company has a narrow product line, the export manager will head a separate department and often report directly to the president. Firms can reduce the risk and size of investment in establishing significant international operations using an export arrangement. Manufacturing firms with technologically advanced products usually avoid an export arrangement as a first choice. If a company has a broad product line, the export manager usually reports directly to the head of marketing and international operations are coordinated by this department.

Answers

A TRUE statement about export arrangements identified in the context of initial division structure is B. Firms can reduce the risk and size of investment in establishing significant international operations using an export arrangement.

Export arrangements help firms to manage their initial entrance into international trade.  A firm with a narrow product line does not require a separate department.

Firms with advanced technological products do not avoid export arrangements.  Firms with broad product lines do not have the export manager reporting to the Head of marketing because a separate export department is usually created to cater for international operations.

Thus, the true statement is B because export arrangements help firms to reduce risks.

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Erica is an administrative assistant for a company with more than three thousand employees. She needs to send insurance documents to each employee. Erica should _____. call each employee and ask them to pick up the documents at her desk use a digital ink pen to scan her handwritten notes from a meeting send an e-mail to all employees and attach the insurance documents create a presentation

Answers

Answer:

Send an e-mail to all employees

Explanation:

colin, who is a paralegal for a powerful manhattan law firm, likes the fast pace of his work and the fact that things are always changing there. colin can be said to

Answers

Colin can be said to have internal locus of control

Internal locus of control is simply known as the way individuals perceive the occurrences that happen to them.

Individuals who have an internal locus of control, often believes that what happens to them is a result of their own decisions. They do not accept social conformity and obedience.

Collins believing in his fast pace of work is his internal locus of control

From the above we can say that Colin can be said to internal locus of control

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Answer:have a high tolerance for ambiguity

Explanation:

Because he is open to change and welcomes that things will be different at times

how do you find your claimant id number for unemployment

Answers

Answer:

The Claimant ID can be found in the upper-right of the UI Finding letter, as well as other letters received from IDES. Fraud victims can use the information from a fraudulent UI Finding letter to report the case to IDES.

Explanation:

hope this helps you if it does please mark brainliest

the primary concerns when first starting your business are:

Answers

The primary concerns when first starting your business are: financing and planning

why should the income statement be prepared first?

Answers

Answer:

cash of Aryas 500 withdrawn from the bank for office use find out debit and credit

please help me asap!

Answers

Answer:

1.answer is social media

social media is what you are looking for

The legal form of business ownership in which owners have limited personal accountability for the debts and dealings is a
Limited Liability Company
sole proprietorship
Partnership
Corporation

Answers

Answer:

Limited Liability Company

Explanation:

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