Taylor has the following assets and liabilities: Two cars$15,000House$400,000Mortgage$300,000Cash$1,000Car loans$5,000Checking account balance$3,000Credit card balance$3,000 What is Taylor's wealth?
A. $105,000
B. $107,000
C. $419,000
D. $111,000
Answer: D
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A) 10%. B) 8%. C) 5%. D) 3%.
The present value of $1 payable in the future decreases:
a. the higher r is and the sooner it is to be paid. b. the lower r is and the sooner it is to be paid. c. the higher r is and the longer time until it is paid. d. the lower r is and the longer time until it is paid.
Third-party payers for medical care include all of the following EXCEPT
A. Medicaid. B. employer-provided medical insurance. C. payments from the patient's savings. D. Medicare.
If a firm in a perfectly competitive industry lowers its price below the market price, its
A. total revenue will increase. B. profit will decrease. C. demand curve will become downward sloping. D. sales will drop to zero.