Tim owns a house worth $1,380,000, with a $720,000 mortgage. He has a car worth $29,000 that he owns outright. Tim has a balance of $23,000 in his savings account and $1,500 in his chequing account. His line of credit has a limit of $50,000 and a balance of $3,500. Tim has a MasterCard with a $15,000 limit and a balance of $575, and a Visa with a limit of $10,000, and a balance of $1,800. The book value of Tim’s TFSA is $73,500, and its current market value is $97,000. He also has $50,000 in a non-registered GIC.
a) Calculate Tim’s net worth.
b) What is his debt-to-equity ratio?
Answers: 3
Business, 22.06.2019 05:30
Laurelton heating & cooling installs and services commercial heating and cooling systems. laurelton uses job costing to calculate the cost of its jobs. overhead is allocated to each job based on the number of direct labor hours spent on that job. at the beginning of the current year, laurelton estimated that its overhead for the coming year would be $ 61 comma 500. it also anticipated using 4 comma 100 direct labor hours for the year. in april comma laurelton started and completed the following two jobs: (click the icon to view the jobs.) laurelton paid a $ 20-per-hour wage rate to the employees who worked on these two jobs. read the requirements requirement 1. what is laurelton's predetermined overhead rate based on direct labor hours? determine the formula to calculate laurelton's predetermined overhead rate based on direct labor hours, then calculate the rate. / = predetermined overhead rate
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If a product goes up in price, and the demand for it drops, that product's demand is a. elastic b. inelastic c. stable d. fixed select the best answer from the choices provided
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Business, 22.06.2019 16:00
What impact might an economic downturn have on a borrower’s fixed-rate mortgage? a. it might cause a borrower’s payments to go up. b. it might cause a borrower’s payments to go down. c. it has no impact because a fixed-rate mortgage cannot change. d. it has no impact because the economy does not affect interest rates.
Answers: 1
Tim owns a house worth $1,380,000, with a $720,000 mortgage. He has a car worth $29,000 that he owns...
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