Part 3: Short Answer Instructions
Answer each of the questions below in the space provided.
11. How do you construct a balance sheet or net worth statement?
12.Explain in one to two sentences how paying yourself first (PYF) early and often influences positive progress toward long-term financial goals
13. How can you apply consumer skills to purchase decisions?

Mae jong corp. issues $1,000,000 of 10% bonds payable which may be converted into 10,000 shares of $2 par value ordinary shares. the market rate of interest on similar bonds is 12%. interest is payable annually on december 31, and the bonds were issued for total proceeds of $1,000,000. in accounting for these bonds, mae jong corp. will: (a) first assign a value to the equity component, then determine the liability component. (b) assign no value to the equity component since the conversion privilege is not separable from the bond.(c) first assign a value to the liability component based on the face amount of the bond.(d) use the “with-and-without” method to value the compound instrument.

Search engines generate revenue through pay-per-click (each time a user clicks a link to a retailer’s website); pay-per-call (each time a user clicks a link that takes the user to an online agent waiting for a call); or pay-per-conversion (each time a website visitor is converted to a customer)

In the supply-and-demand schedule shown above, the equilibrium price for cell phones is $25 $100 $200