Ken spent 1/4 of his money and an additional $6 on a number of CDs. He then spent 3/5 of the remaining money and an additional $12 on magazines. Given that he was left with $18, what fraction of his money was spent on magazines?

Q: List Ken Lewin's assets in one column . His liabilities in another, and calculate his equity.

A: Equity = Assets - Liabilities We have to prepare Balance Sheet through in which we will post Assets…

Q: How did you end up with $25,520 for the large contributions?

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Q: Where did you get the $ 6, 416. 67?

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Q: Suppose that​ David's only assets are an automobile worth​ $10,000 and a checking account with a​…

A: The computations as follows:

Q: Todd purchases a new car for $22,650. He makes a $5000 down payment and finances the remainder…

A: Amortization is the process of gradually paying off a debt or loan through regular, scheduled…

Q: Ken spent 1/4 of his money and an additional $6 on a number of CDs. He then spent 3/5 of the…

A:

Q: Jeanette also received $5,000 from the rich uncle. She put the money into a savings account at 2%…

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Q: Shelly's assets include checking & savings acct, stocks, household property, coin collection.…

A: Compute the net worth:The net worth of shelly is $143,900.Excel spread sheet:

Q: What information is missing that is necessary for you to solve this problem? "David buys a car for…

A: A question has been stated. However information provided there are not adequate. The missing pieces…

Q: Maria purchased items at a grocery store. The items totaled to $67.89 before taxes. After paying the…

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A: a.Daily spending by Peter = $1.20 Daily spending by Cindy = 1 2/3 of Peter's daily spending = Cindy…

Q: London purchased a piece of real estate last year for $81,800. The real estate is now worth…

A: Beginning value = $81,800Ending value = $104,600Total required return = 0.22 The formula for…

Q: Jennifer took clothes to the cleaners three times last month. First, she brought 3 shirts and 1 pair…

A: The answer states the computation of price of shirt slack and coat

Q: isham purchased a Washing machine priced at RO 380. He paid 45 RO down and will make 15 payments at…

A: Financed Amount = Price - Down Payment

Q: Using the information below, determine Brian's Net Worth. Savings Account: $5,400, Checking Account:…

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Q: 23. Andy Eichel deposits the money he made at his garage sale into his savings account. He has 47…

A: Calculation of total amount are as follows:

Q: The Johnson household has compiled the following financial information. They live in a house that…

A: Balance sheet: This is the whole summary of any entity or person. It is a statement of the assets,…

Q: Ken spent 1/4 of his money and an additional $6 on a number of CDs. He then spent 3/5 of the…

A: Let the amount now be “X’, Amount spent on CD is X/4+$6. Amount spent on magazine is “(X-X/4)*3/5 +…

Q: A man bought a car for $250 and he spent $15. If he sells out the car for $500. Calculate gain…

A: The provided information are: Cost price of the car = $250 Amount spent = $15 Total cost price of…

Q: Sam bought a ring for $2,000 from Zales. He must pay at 6% sales tax and 9% excise tax. Since the…

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Q: Morgan won $2,315 at a work raffle.  They deposited $1898.30 into their savings account.  What…

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Q: 1/3 of Milo's money was 4/5 of Alan's money. If Milo gave $18 to Alan and he returned $4 to him a…

A: Lets Assume Milo have at first X Money and Alan have at First Y money   1/3 X = 4/5Y So Y = 5/12X

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A: Business expenses for persons who are self-employed shall be deductible for AGI and is reported on…

Q: Rhett made his annual gambling trip to Uwin Casino. On this trip Rhett won $430 at the slots and…

A: Amount must Rhett include in his gross income  =    $ 1,810

Q: CNBC reported that one in five consumers who purchase bitcoin do so using their credit card. Melissa…

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Q: CNBC reported that one in five consumers who purchase bitcoin do so using their credit card. Melissa…

A: Book value  The value of an asset shown in a company's books is called its book value. It is the…

Q: a mother earned $15000.00 from royalties on her cookbook. She set aside 20% of this for a down…

A: Amount earned in royalties is $15,000 Amount set aside is 20% Amount invested is 15000×1-20%=…

Q: ollowing transactions? If not, why not? A) Lucy sells her car to Karen for $5,000 cash. B)  Lucy…

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Q: Two people contributed to their IRA. One person had a FV  total of -$1,452 and the other had a FV…

A: Individual retirement accounts or IRAs are accounts that allow individuals to make contributions…