Homework Answers
| Balance sheet and Cash Flows | ||
| Total Assets | = | $ 22,040 |
| Total Liabilities | = | $ 3,090 |
| Net worth | = | $ 18,950 |
| Total cash inflows | = | $ 3,900 |
| Total cash outflows | = | $ 3,900 |
| Workings: | ||
| Computation of Total Assets | ||
| Cash in checking account | = | $ 810 |
| Saving Account balance | = | $ 2,740 |
| Current value of automobile | = | $ 8,550 |
| Stereo equipment | = | $ 3,310 |
| Home computer | = | $ 2,160 |
| Household possessions | = | $ 3,580 |
| Value of Stock Investment | = | $ 890 |
| Total Assets | = | $ 22,040 |
| Computation of Total Liabilities | ||
| Credit card balance | = | $ 320 |
| Balance of educational loan | = | $ 2,770 |
| Total Liabilities | = | $ 3,090 |
| Computation of Net worth | ||
| Total Assets | = | $ 22,040 |
| Total Liabilities | = | $ -3,090 |
| Net worth | = | $ 18,950 |
| Computation of Total cash inflows | ||
| Monthly take home salary | = | $ 3,900 |
| Total cash inflows | = | $ 3,900 |
| Computation of Total cash outflows | ||
| Rent for the month | = | $ 1,330 |
| Spending for food | = | $ 1,300 |
| Auto insurance | = | $ 243 |
| Lunches / Parking at work | = | $ 244 |
| Clothing Purchase | = | $ 110 |
| Telephone bill paid for the month | = | $ 119 |
| Loan payment | = | $ 107 |
| Payment for electricity | = | $ 146 |
| Donations | = | $ 111 |
| Restaurant spending | = | $ 190 |
| Total cash outflows | = | $ 3,900 |
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Net Worth and Budgeting Use the following items to prepare a balance sheet and a cash...
Use the following items to prepare a balance sheet and a cash flow statement. Determine the...
Use the following items to prepare a balance sheet and a cash flow statement. Determine the total assets, total liabilities, net worth, total cash inflows, and total cash outflows. $4,070 2.420 2,340 104 Balance Sheet and Cash Flows Rent for the month Cash in checking account Spending for food Current value of automobile Credit card balance Auto insurance Stereo equipment Lunches/parking at work Home computer Clothing purchase $1,520 Monthly take-home salary 920 Savings account balance 1,260 Balance of educational loan...
Use the following items to prepare a balance sheet and a cash flow statement. Determine the...
Use the following items to prepare a balance sheet and a cash flow statement. Determine the total assets, total liabilities, net worth, total cash inflows, and total cash outflows. Balance Sheet and Cash Flows Rent for the month Cash in checking account Spending for food Current value of automobile Credit card balance Auto insurance Stereo equipment Lunches/parking at work $1,520 Monkhly take-home salary $4,070 2,420 2,340 104 920 Savings account balance 1,260 Balance of educational loan 7,820 Telephone bill paid...
Use the following items to determine the total assets, total liabilities, net worth, total cash inflows,...
Use the following items to determine the total assets, total liabilities, net worth, total cash inflows, and total cash outflows Rent for the month Spending for food Savings account balance Current value of automobile Credit card balance Auto insurance Video equipment Lunches/parking at work Personal computer Clothing purchase $ 1,250 Monthly take-home salary $645 Cash in checking account $ 2,010 Balance of educational loan $. 9,700 Telephone bill paid for month $295 Loan payment $350 Household possessions $ 2,650 Payment...
Use the following items to determine the total assets, total liabilities, net worth, total cash inflows,...
Use the following items to determine the total assets, total liabilities, net worth, total cash inflows, and total cash outflows Rent for the month Spending for food Savings account balance Current value of automobile Credit card balance Auto insurance Video equipment Lunches/parking at work Personal computer Clothing purchase $ 1,250 Monthly take-home salary $645 Cash in checking account $ 2,010 Balance of educational loan $. 9,700 Telephone bill paid for month $295 Loan payment $350 Household possessions $ 2,650 Payment...
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Use the following items to determine the total assets, total liabilities, net worth, total cash inflows,...
Use the following items to determine the total assets, total liabilities, net worth, total cash inflows, and total cash outflows Rent for the month Spending for food Savings account balance Current value of automobile Credit card balance Auto insurance Video equipment Lunches/parking at work Personal computer Clothing purchase $ 1,250 Monthly take-home salary $645 Cash in checking account $ 2,010 Balance of educational loan $ 9,700 Telephone bill paid for month $ 295 Loan payment $350 Household possessions $2,650 Payment...
The following table shows the items of assets, liabilities, cash inflows, and cash outflows for Ho...
The following table shows the items of assets, liabilities,
cash inflows, and cash outflows for Ho in September.
Rent
$6500
Monthly take-home salary
$21850
Spending for food
$3450
Cash in checking account
$4500
Savings account balance
$1890
Balance of education loan
$21600
Current value of auto
$88000
Phone bill paid for month
$650
Credit card balance
$2350
Loan payment
$800
Auto insurance premium
$2300
Household possessions
$34000
Current value of video equipment
$23500
Payment for electricity
$900
Spending on Lunches/Parking...
Rent for the month Spending for food Savings account balance Current value of automobile $ 3,085...
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Use the list of items below to create a Balance Sheet and Cash Flow Statement. 2010...
Use the list of items below to create a Balance Sheet and Cash Flow Statement. 2010 Camaro $ 8,500 Apartment Rent 350 Bicycle $ 1,400 Camaro Car Loan Balance $ 2,700 Checking account at Credit Union $ 230 Grandfathers Watch $ 2,500 Grocery $ 300 Monthly allowance from rich aunt $ 800 Part time Job Weekly Paycheck $ 250 Savings account at First National Bank $ 1,500 Student Loan Debt $ 10,500 Student Loan Funds Available $ 4,000 $ 400...
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Use the following items to prepare a balance sheet and a cash flow statement. Determine the total assets, total liabilities, net worth, total cash inflows, and total cash outflows. $4,070 2.420 2,340 104 Balance Sheet and Cash Flows Rent for the month Cash in checking account Spending for food Current value of automobile Credit card balance Auto insurance Stereo equipment Lunches/parking at work Home computer Clothing purchase $1,520 Monthly take-home salary 920 Savings account balance 1,260 Balance of educational loan...
Use the following items to prepare a balance sheet and a cash flow statement. Determine the total assets, total liabilities, net worth, total cash inflows, and total cash outflows. Balance Sheet and Cash Flows Rent for the month Cash in checking account Spending for food Current value of automobile Credit card balance Auto insurance Stereo equipment Lunches/parking at work $1,520 Monkhly take-home salary $4,070 2,420 2,340 104 920 Savings account balance 1,260 Balance of educational loan 7,820 Telephone bill paid...
Use the following items to determine the total assets, total liabilities, net worth, total cash inflows, and total cash outflows Rent for the month Spending for food Savings account balance Current value of automobile Credit card balance Auto insurance Video equipment Lunches/parking at work Personal computer Clothing purchase $ 1,250 Monthly take-home salary $645 Cash in checking account $ 2,010 Balance of educational loan $. 9,700 Telephone bill paid for month $295 Loan payment $350 Household possessions $ 2,650 Payment...
Use the following items to determine the total assets, total liabilities, net worth, total cash inflows, and total cash outflows Rent for the month Spending for food Savings account balance Current value of automobile Credit card balance Auto insurance Video equipment Lunches/parking at work Personal computer Clothing purchase $ 1,250 Monthly take-home salary $645 Cash in checking account $ 2,010 Balance of educational loan $. 9,700 Telephone bill paid for month $295 Loan payment $350 Household possessions $ 2,650 Payment...
Use the following items to determine the total assets, total liabilities, net worth, total cash inflows, and total cash outflows. Rent for the month Spending for food Savings account balance Current value of automobile Credit card balance Auto insurance Video equipment Lunches/parking at work Personal computer Clothing purchase $ 700 Monthly take-home salary $ 370 Cash in checking account $ 1,900 Balance of educational loan $ 8,900 Telephone bill paid for month $ 240 Loan payment $ 240 Household possessions...
Use the following items to determine the total assets, total liabilities, net worth, total cash inflows, and total cash outflows Rent for the month Spending for food Savings account balance Current value of automobile Credit card balance Auto insurance Video equipment Lunches/parking at work Personal computer Clothing purchase $ 1,250 Monthly take-home salary $645 Cash in checking account $ 2,010 Balance of educational loan $ 9,700 Telephone bill paid for month $ 295 Loan payment $350 Household possessions $2,650 Payment...
The following table shows the items of assets, liabilities,
cash inflows, and cash outflows for Ho in September.
Rent
$6500
Monthly take-home salary
$21850
Spending for food
$3450
Cash in checking account
$4500
Savings account balance
$1890
Balance of education loan
$21600
Current value of auto
$88000
Phone bill paid for month
$650
Credit card balance
$2350
Loan payment
$800
Auto insurance premium
$2300
Household possessions
$34000
Current value of video equipment
$23500
Payment for electricity
$900
Spending on Lunches/Parking...
Rent for the month Spending for food Savings account balance Current value of automobile $ 3,085 $ 630 $ 2,070 Balance of educational loan$ 3,240 155 $ 260 $ 5.200 $ 180 $ 340 $ 1,310 S 220 $ 1,550 $ 795 Monthly take-home salary Cash in checking account 9,400 Telephone bill paid for month Credit card balance Auto insurance Video equipment Lunches/parking at work Personal computer Clothing purchase $ 325 Loan payment $ 410 Household possessions $ 2.800 Payment...
Use the list of items below to create a Balance Sheet and Cash Flow Statement. 2010 Camaro $ 8,500 Apartment Rent 350 Bicycle $ 1,400 Camaro Car Loan Balance $ 2,700 Checking account at Credit Union $ 230 Grandfathers Watch $ 2,500 Grocery $ 300 Monthly allowance from rich aunt $ 800 Part time Job Weekly Paycheck $ 250 Savings account at First National Bank $ 1,500 Student Loan Debt $ 10,500 Student Loan Funds Available $ 4,000 $ 400...
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