Which event will have the greatest impact (positive or negative) on one's net worth after one month?
a. buy a used car at market value for $15,000
b. buy a new car at market value for $15,000. car depreciates 20% upon transfer of ownership.
c. none of these events will impact the net worth of an individual
d. lease a $15,000 car on a 3-year lease. the monthly payment is $199 and all lease payments are required in the lease.

Allie and sarah decided that they want to purchase renters insurance for the apartment they share. they made a list of all of the items to be covered by the insurance policy, along with their estimated values. if the items to be covered total more than $3000, the insurance company charges an annual premium of 23% of the total value of the items. if the items to be covered total $3000 or less, the insurance company charges an annual premium of 20% of the total value of the items.

Ichelle is attending college and has a part-time job. once she finishes college, michelle would like to relocate to a metropolitan area. she wants to build her savings so that she will have a "nest egg" to start her off. michelle works out her budget and decides she can afford to set aside $9090 per month for savings. her bank will pay her 4 %4% per year, compounded monthly, on her savings account. what will be michelle's balance in five years?

Which one of the following is not a typical current liability? a. interest payable b. current maturities of long-term debt c. salaries payable d. mortgages payable