Business, 03.02.2020 23:51 bryce59

Mike and mary jane lee have a yearly income of $84 comma 715 and own a house worth $123 comma 700, two cars worth a total of $ 23 comma 157 and furniture worth $13 comma 825. the house has a mortgage of $66 comma 250 and the cars have outstanding loans of $2 comma 793 each. utility bills, totaling $215 for this month, have not been paid. calculate or use worksheet 4 to determine their net worth and explain what it means. how would the lees' age affect your assessment of their net worth?

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Answer from: eddiewoods8505

Net worth: $88,631

Lee's age has no effect on Net worth Assessment.

Explanation:

Question 1: Using calculation, determine mike and Jane lee's net worth

The formula for net worth = Total Asses - Total Liabilities

Particulars Amount

Assets

House $123,700

Cars $23,157

Furniture $13,825

Total Assets $160,682

Liabilities

Utility Bills $215

Housing Loans $66,250

Car loans (2,793 x 2) $5,586

Total Liabilities $72,051

Net worth = $160,682- $72,051 = $88,631

The meaning of the net worth is that even if Mike and Mary Jane decides to sell all assets and pay off all obligations, they will still have $88,631 as cash for themselves

B part) Lee's age has no effect on the assessment of the net worth, it is not required for any part of the computation.

Answer from: Quest

$527.7.if the following was the question $527.7 is the answer.students who are trying to raise funds have an agreement with a local pizza chain. the chain has agreed to sell them pizzas at a discount, which the students can then resell to families in the local community for a profit. it is expected that of the 500 families in the community, at most 70% will buy pizza. based on a survey of their personal preferences, the students believe that they should order no more than 120 cheese pizzas, no more than 150 pepperoni pizzas, and no more than 100 vegetarian pizzas. they also want to make sure that at least 20% of the total pizzas are cheese and at least 50% of the pizzas are pepperoni. they make a profit of $1.45, $1.75, and $1.98, respectively, for each cheese, pepperoni, and vegetarian pizza they resell. how many pizzas of each type should they buy?

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Businesses are required to follow laws and regulations, but they choose to follow ethical standards in a code of ethnics.answer: d) or the fourth option.

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Mike and mary jane lee have a yearly income of $84 comma 715 and own a house worth $123 comma 700, t...