Is total debt considered the same as total liabilities?
it depends if you include current liablitites in total debt then yes total debt is equal to total liab otherwise not
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Answer . When the cost to repair the vehicle back to good condition exceeds 75% of the value of that vehicle in good condition it is considered "totaled".
Basically you just sell it as-is with a salvage title. You can sell private party or to a junk yard as any older car is more valuable parted out (granted was taken care of prior to the wreck).
In general, a vehicle is declared a total loss when the repair cost exceeds some percentage of its actual cash value; that percentage may differ by state and is usually provided by law. Actual cash value is measured by market value of the vehicle prior to the collision. It takes into account make…, model, age, condition, equipment, mileage and related factors. (MORE)
Total debt is the sum of your long-term liabilities and currentliabilities. In simple terms, your total debt is the total of allthat you owe.
Net income refers to the amount of money a company gains. Whencalculating net income you actually ave to subtract total assetsand total liabilities from the prior period to reveal new totalsfor the period.?Ã¦
When repair costs exceed 50-75% (depending on the state you live in) of the car's actual cash value before the accident.
A. It is Liquidity ratio. It is related to the Working capital which defines the extent of a company's liquidity, or its capability to pay off short term debts.
If a car is totaled in an accident and only liability insurance ispresent, there is a chance that the other party's insurance willpay for the vehicle if the accident was their fault. If a car istotaled, but no others were involved, then the responsibility fallson the registered owner. This will not …release the registered ownerfrom paying for the vehicle, either, if money is still owed on thecar. (MORE)
Currently over $9.6 trillion. Keep in mind that the "total national debt" = "total public debt" + "total intergovernmental debt". Often when you hear that the "national debt" has been decreased (i.e. during the Clinton years), they mean only that the "total public debt" has been decreased, which is …the amount of government-issue debt held by the public. HOWEVER, the other component of the "total national debt", "total intergovernmental debt", is just as important - it is the amount of money the government borrows from itself to pay off public debt. This is what is contributing to the future meltdown of the social security system: the government borrows from current social security surpluses (that are the result of all the baby boomers still paying social security taxes and not retiring and receiving benefits yet), and uses these borrowings to reduce its "public debt". BUT, when baby boomers start retiring and the social security system starts owing much more money than it is taking in, that money will not be in the social security vault because the government used it to pay off its public debt. Barring a MAJOR reform before this happens, this will result in either a) massive, massive tax increases to fund these social security obligations, b) massive amounts of money being borrowed, resulting in a likely $10-40 TRILLION increase in the national debt over the next 20-40 years, or c) these obligations not being met. This is why if you are under 40 you should hate the AARP... you hear nothing about this crisis in the election talk, but even if you end up having to pay 50-60% income tax twenty years down the road so your parents' generation can comfortably retire, your generation will still face a huge shortfall in your social security that it will have to somehow account for down the line. FORM AN AAYP (American Association of Young People) ASAP, you are being cruelly and recklessly taken advantage of by the preceding generation. (MORE)
Repair it make a planter out of it sell it for scrap Without collision insurance you are out of luck unless the accident was the other guys fault, in which case his insurance will pay you for the value of your car and collect the remains.
This will depend on what the liabilities consist of. If you areincluding loans and issuing notes, then this statement would betrue.
Loan companies typically look at your debt to total asset ratiowhen making lending decisions. If your debt is more than 50 percentof your total assets, they may not give you a large loan.
A car is considered "totaled" if the cost of repairs is equal to, or greater than, the blue book value of the vehicle.
What effect does the declaration and payment of a cash dividend have on total liabilities and debt to equity ratio?
A dividend becomes a liability only after it has been declared. The debt to equity ratio changed because your liabilities after the declaration went up.
By definition, the answer is no. Total liabilities include current and long term liabilities and the sum is "Total Liabilities". Looking at the definition below, the difference between "total liabilities" and "total assets" results in the SH equity. Shareholders' Equity = Total Assets - Total Liabi…lities (MORE)
The Federal Reserve statistics combined with other agency datatotaled consumer debt from credit card, mortgages and student loadsat $11.68 trillion. This figure is from data compiled in April2014.
If you have total assets total liabilities and share holders fundshow do you figure out the net income?
The three items mentioned, total assets, total liabilities and shareholder funds, on their own, cannot be used to figure out net income.. To figure out net income for a period, one would need the above information for the beginning of the period and the end of the period. From there, a net income …estimate could be derived; however, the values would not be exact without detail from each of the sections of the balance sheet. (MORE)
If another person was at fault for the accident, you will need to go after their insurance company. If you are liability only, your insurance company will not pay for anything.
Total debt in 2009 remained at $51.5 billion. debt increased at rate of 16% as compare to last year. last year in 2008 it was a $46.5 billion.
No, Liabilities are not included in the total OE. Remember the account equation... Assets = Liabilities + Owners Equity If you have the total of your Assets and Liabilities, to find your OE then the equation would be written as this.. Assets - Liabilities = OE
What does the your insurance company do to a car if it is totaled and you only have liability coverage?
If you caused the accident and you totaled your car and you only have liability insurance, your insurance company does not do anything to your car. The car was taken away by the tow truck driver. You may pay to haul it somewhere to be repaired or you may sell it to a junk yard. If the other driver c…aused the accident, then his insurance company buys your car. It still goes to a junk yard to be recycled. That way, however, you will get some money. Either way, you are entitled to get your personal stuff out of the car. (MORE)
Sum of all liabilities divided by sum of equity. E.g.: A company owes Â£150,000 as a bank loan, and has a share capital of Â£1,000,000. The debt/equity ratio is 15 per cent. This ratio is also known as "gearing" or "leverage".
Yes, the accounting equation, total assets = total liabilities + total equity, may be rewritten to determine total debt as being equal to total assets - total of owner's equity. Simply stated, the total assets (the firm's value) is broken up between total debt (what you owe) and owner's equity (what… you own). (MORE)
When your liabilities are greater than your total assets you aresaid to be "in the red." This is because negative numbers in aledger are traditionally written in red.
because in a total war all nations in the war mobilized all of their avaible resources in order to destroy another nations ability to engage in war-incorrect C'est un guerre totale parce que toute les nations dans le guerre a mobiliser pour detruit l'Allemagne et les aliers
The total debt ratio is .5; total debt would be .5 as well as total equity (both added together equal 1). Total debt ratio = .5 (total debt)/.5 (total equity)= 1.
What is the total debt of 1233837 and total assets of 2178990 what is the firms debt to equity ratio?
Debt equity ratio = total debt / total equity . debt equity ratio = 1233837 / 2178990 * 100 . Debt equity ratio = 56.64%
What is the owners equity if the total asset is 824580 and the liabilities is one half of its total assets?
Total Assets = Total liabilities + owner equity Total Assets = 50% liability + 50% equity 824580 = 824580*50% + 50% owner equity Owner Equity = 100% total Assets - 50% liability Owner Equity =824580 - 412290 Owner Equity = 412290
Basically there is no absolute plug number. It differs from one firm to another. Say for instance: a starting fast growth High-tech firm normally will have higher ratio than a mature profitable one. The same goes from industry to industry: transportation VS pharmaceuticals. Conclusion: each firms …has its own unique dept ratio, but what matter is, how efficient the dept is managed. (MORE)
Current liabilities are liabilities that are due within 12 months. Short term debt is a current liability. However, there are other current liabilities. For example, taxes payable, interest payable, wages payable, accounts payable. Therefore, short term debt is not the same as current liabilities. …(Short term debt is a current liability, but not all current liabilities are short term debt.) (MORE)
The other parties liability should if it was their fault. Your liability should cover the vehicle you damaged.
If current liabilities are 7714 and total liabilities are 18187 what is the ratio of current liabilities to total liabilities?
Current Liabilities to TotalLiabilities Ratio = Current Liabilities / Total Liabilities Current Liabilities to Total Liabilities Ratio = 7714 / 18187 Current Liabilities to Total Liabilities Ratio = 0.42 or 42%
Yes, Republicans are not all rich white people. My veiw What you believe, what your politics are, how you deal with your financial situation and how lucky you were with the financial disaster has nothing to do with Republican or Democrat. If it did the world would be a much better place
This is a good question, as a lot of people confuse expenses and liabilities. Expenses and liabilities are not the same thing. A liability is a balance sheet account that represents a probable future sacrifice of economic benefits resulting from an obligation. For example, inventory purchased on cr…edit represents a liability, because in the future you will need to sacrifice cash in order to satisfy a current obligation. Receiving cash in advance for services is also a liability, because in the future you will need to sacrifice labor hours in order to satisfy it. Since it is a balance sheet account, a liability will exist on your books until you have satisfied it. An expense on the other hand is an income statement account. In accrual-based accounting, you deduct expenses against the revenues you generate in that period in order to arrive at your net income. In general, you try and match up your revenue and expenses as closely as you possibly can. The main source of confusion is that usually when a company recognizes an expense, it also recognizes a corresponding liability that arose as a result. However, expenses and liabilities are two different things. (MORE)
You can always contact the credit bureaus to find out exactly how much debt you have. They don't take into account any debt that is not filed, such as $20 to your best friend, etc. but the big stuff like credit cards, auto and school loans, and house payments are all recorded with any of the 3 credi…t bureaus. You can even get the information for free,($1). (MORE)
Contingent liabilities are not added to total liabilities but shown as a note to financial statements that these are the liabilities that are contingent on certain event
Total assets are equal to total liabiliteis and owner's equitybecause it is the basic accounting equation which is asfollows: . Total Assets = total liabilities + Owner's equity . if this accounting equation is not balance it means there issome mistake in preparation of financial statements.
Current Liability: Current liability is a specific liability and it is short term and mostly it is paid within the year. Total Liability: Total liability is the sum of all liabilities like current liabilities, outstanding liabilities etc.
Normally yes. Some companies may require proof that you have repaired the car and it is road-worthy.
Essentially, yes. Many times a company has Long-term debt , with a certain amount to be repaid within the year. On the company's balance sheet they will have the remaining amount of their Long-term debt included in Non-Current Liabilities, while in Current liabilities they will have the Curre…nt portion of long-term debt . Basically, the balance sheet has a section for Current liabilities, which would include accounts with debts to be repaid in the short-term (generally within the year). Normally it is not listed as Short-term debt, but rather an account like Accounts payable or Bank loan , or as I stated earlier, Current portion of long-term debt . (MORE)
Total credit card debt currently amounts to about 962 billion dollars. The average credit card debt per owning household is 14,750 dollars. Approximately 609.8 million credit cards are currently in USA, with credit card users having an average of 3.5 cards each. Young people have credit card balance… well below the average. While 25 to 34 years old manage to cut their credit card debt, they still average over $5,000 in credit card debt. (MORE)
it means the entity is unlikely to settle obligation as they fall due within the operations and that the entity continued existence and operation is highly uncertain.
Your own liability insurance will never pay for the damage to your property or for your medical expenses. Your collision insurance pays for damage to your property, if it is your fault. Your Uninsured Motorist Insurance or Underinsured Motorist Insurance pays for damage to your property if caused by… someone else who is uninsured or under-insured. Your liability insurance will pay for the damage to someone else's property or for someone else's medical expenses, if it is your fault. Someone else's liability insurance will pay for the damage to your property or for your medical expenses, if it is their fault. (MORE)
Yes all kinds of debts like long term plus current liabilities ispart of total debt or total liabilities.
1. Amountwhich remains after deducting all liabilities from all assets iscalled net worth of any company and that is the actual worth ofcompany. FoFormulafor net worth: NeNet worth= Total Assets - Total Liabilities
As of the first quarter of 2012, the total of national debt in the UK amounted to 86.8% of the total gross domestic product. This equals to roughly 1278.2 billion euros.
Net worth is the difference between total assets minus totalliabilities while total liabilities means the total debt payable bycompany in short as well as in long term.
Companies which are free from debt are certainly in the minority, in many cases debt is accumulated to allow a project or product to be completed and then paid down once its brought to market, For companies who are struggling their reliance on debt becomes more common. The largest example of a com…pany free from debt is Apple. (MORE)
What is the debt ratio is total assets are 136000 equity is 31000 current liability is 24000 and total liabilities are 105000?
Debt to Equity ratio =Total liabilities / equity . Debt to equity ratio = 105000 / 31000 = 3.387
Current liabilities to total assets ratio is the comparison between total assets in business with current liabilities in business.