Question

Huis, T utes, 54 second Question Completion Status: Holly's salary is $120.000 ped matches with 5% of her salas 12.00% 14.08% 17.00% 19.08% QUESTION 5 Samantha has the following transa 1 She purchases $5,000 worth of a mu n d with cash from her savings account 11. She spends $6.000 on a vac bon w asu from her money market account Hl. She spends $10.000 on new furniture and uses her credit card to make the purchase What is the combined impact of these transactions on her net worth? 521 000 decrease $6.000 decrease. 515.000 increase 56 000 increase QUESTION 6 The balance sheet equation is Total Assets - Total Liabilities = Net Worth. Sasha Submit to me and subit. Click Save All Anners to rave all arribar

Answer 1

Question 5

Option B : decreases by $6000

in 1st transaction the increase and decrease are in assets side only hence net worth remains unaffected

in 2nd transaction she takes on a liability to pay for a vacation. The assets side is not affected but the liability has gone up. So to balance it the net worth has to decrease.

In 3rd transaction the asset in the form of furniture increase and hence the liability in the form of credit card expense increases so net worth remains unchanged.

Thus net worth decreases by the amount in the 2nd transaction; i.e $6000