Homework Answers
Ans 1.44
| CURRENT ASSETS = | BANK ACCOUNT + STOCKS |
| 3969 + 47700 | |
| 51669 | |
| CURRENT LIABILITIES = | CREDIT CARD BILL + CAR LOAN |
| 2100 + 33100 | |
| 35200 | |
| CURRENT RATIO = | CURRENT ASSETS / CURRENT LIABILITIES |
| 51669 / 35200 | |
| 1.44 | |
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Steven has the following assets and liabilities: $3969 in a savings account, $47700 in stocks, $2100...
Sample Household Assets Assets Value Cash $500 Savings Account $4,800 IRA Account $6,500 Current Value of...
Sample Household Assets Assets Value Cash $500 Savings Account $4,800 IRA Account $6,500 Current Value of Stocks $5,000 Life Insurance $0 Value of Home $125,000 Other Real Estate $0 Automobile $6,400 Personal Property $3,900 Other Assets $0 1. What is the total amount of assets for this household? 2. What percentage of these assets is accounted for by the value of the home? Round off to the nearest whole number. Review this list of household liabilities to answer the questions...
$ 80 Connie's monthly and yearly information. Monthly Pre-Tex Assets (Income): Gross Salary: $5,600 Stock Dividends...
$ 80 Connie's monthly and yearly information. Monthly Pre-Tex Assets (Income): Gross Salary: $5,600 Stock Dividends $ 150 Interest: Monthly Liabilities (Debt) Mortgage payment: $1,279 Student Loan Payment $ 100 Min. credit card payment $ 80 Car Loan Payment $ 300 Assets: Current value of home: $185,000 Current value of car: $18,750 Balance in checking account: $ 850 Balance of retirement account: $ 33,500 Value of stocks/bonds: $ 7,750 Liabilities: Balance owed on home mortgage: $150,500 Balance owed on home...
Answer the question below. It is important that you show your work. Either type the formula...
Answer the question below. It is important that you show your work. Either type the formula used or your inputs (PN, N, etc.) 6. Your neighbor would like some help getting his finances in order. He has asked that you review the following list of his assets and liabilities: 25 points Savings Account: $1,000 6-month Certificate of Deposit: $200 Car: $3,500 Baseball Card Collection: $75 Clothes: $450 Furniture: $600 Credit Card Bills: $375 Money Owed to Friend: $100 Car Loan:...
Jamie Lee Jackson, age 24. now a busy full-time college student and part-time bakery clerk, has...
Jamie Lee Jackson, age 24. now a busy full-time college student and part-time bakery clerk, has been trying to organize all of her priorities, including her budget. She has been wondering if she is allocating enough of her Income towards savings, which includes accumulating enough money towards the $7.000 down payment she needs to begin her dream of opening a cupcake café. Jamie Lee has been making regular deposits to both her regular, as well as her emergency savings account....
Jamie Lee Jackson, age 24, now a busy full-time college student and part-time bakery clerk, has...
Jamie Lee Jackson, age 24, now a busy full-time college student
and part-time bakery clerk, has been trying to organize all of her
priorities, including her budget. She has been wondering if she is
allocating enough of her income towards savings, which includes
accumulating enough money towards the $7,000 down payment she needs
to begin her dream of opening a cupcake café.
Jamie Lee has been making regular deposits to both her regular,
as well as her emergency savings account....
Jamie Lee Jackson, age 24, now a busy full-time college student and part-time bakery clerk, has...
Jamie Lee Jackson, age 24, now a busy full-time college student and part-time bakery clerk, has been trying to organize all of her priorities, including her budget. She has been wondering if she is allocating enough of her Income towards savings, which includes accumulating enough money towards the $9,000 down payment she needs to begin her dream of opening a cupcake café. Jamie Lee has been making regular deposits to both her regular, as well as her emergency savings account....
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...
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 $ 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...
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...
$ 80 Connie's monthly and yearly information. Monthly Pre-Tex Assets (Income): Gross Salary: $5,600 Stock Dividends $ 150 Interest: Monthly Liabilities (Debt) Mortgage payment: $1,279 Student Loan Payment $ 100 Min. credit card payment $ 80 Car Loan Payment $ 300 Assets: Current value of home: $185,000 Current value of car: $18,750 Balance in checking account: $ 850 Balance of retirement account: $ 33,500 Value of stocks/bonds: $ 7,750 Liabilities: Balance owed on home mortgage: $150,500 Balance owed on home...
Answer the question below. It is important that you show your work. Either type the formula used or your inputs (PN, N, etc.) 6. Your neighbor would like some help getting his finances in order. He has asked that you review the following list of his assets and liabilities: 25 points Savings Account: $1,000 6-month Certificate of Deposit: $200 Car: $3,500 Baseball Card Collection: $75 Clothes: $450 Furniture: $600 Credit Card Bills: $375 Money Owed to Friend: $100 Car Loan:...
Jamie Lee Jackson, age 24. now a busy full-time college student and part-time bakery clerk, has been trying to organize all of her priorities, including her budget. She has been wondering if she is allocating enough of her Income towards savings, which includes accumulating enough money towards the $7.000 down payment she needs to begin her dream of opening a cupcake café. Jamie Lee has been making regular deposits to both her regular, as well as her emergency savings account....
Jamie Lee Jackson, age 24, now a busy full-time college student
and part-time bakery clerk, has been trying to organize all of her
priorities, including her budget. She has been wondering if she is
allocating enough of her income towards savings, which includes
accumulating enough money towards the $7,000 down payment she needs
to begin her dream of opening a cupcake café.
Jamie Lee has been making regular deposits to both her regular,
as well as her emergency savings account....
Jamie Lee Jackson, age 24, now a busy full-time college student and part-time bakery clerk, has been trying to organize all of her priorities, including her budget. She has been wondering if she is allocating enough of her Income towards savings, which includes accumulating enough money towards the $9,000 down payment she needs to begin her dream of opening a cupcake café. Jamie Lee has been making regular deposits to both her regular, as well as her emergency savings account....
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...
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...
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