Jay owns a classic car he purchased for $50,000.At a car rally,he is offered $75,000 for the car.Based on this information,
A) Jay's saving this year has increased by $25,000.
B) Jay's saving this year has decreased by $25,000.
C) Jay has a $25,000 capital gain.
D) Jay has a $25,000 capital loss.
E) Jay's wealth is unchanged.
Correct Answer:
Verified
Q20: Sam has the following assets and liabilities:
Q21: Increases in the value of existing assets
Q22: If Alexandra deposits $1,000 from her paycheque
Q23: Which of the following is a flow?
A)
Q24: If Doug drives his car into a
Q26: Saving $100 will
A) increase wealth by $100.
B)
Q27: Decreases in the value of existing assets
Q28: If Alexandra deposits $1,000 from her paycheque
Q29: Charles has the following assets and liabilities:
Q30: A measure defined at a point in
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