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 the value of Taylor's assets?
A. $422,000
B. $416,000
C. $308,000
D. $419,000
Answer: D
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Assume that the currency—deposit ratio is 0.5. The Federal Reserve carries out open-market operations, purchasing $1 million worth of bonds from banks. This action increased the money supply by $2 million. What is the reserve—deposit ratio?
A) 0.25 B) 0.35 C) 0.40 D) 0.50
If the price of inputs falls and the budget deficit rises due to an increase in government spending, then the:
a. Price index rises, and the change in real GDP is uncertain. b. Price index falls, and real GDP rises. c. Price index is uncertain, and real GDP rises. d. Price index falls, and real GDP falls. e. Price index falls and the change in real GDP is uncertain.
According to the FLSA, what is the basis used to determine overtime worked for standard nonexempt workers?
What will be an ideal response?
Comparative advantage is the ability to produce a good at a lower opportunity cost than another producer.
Answer the following statement true (T) or false (F)