Total assets = Cash in checking account + Savings account
balance + Current value of automobile + Video equipment + Personal
computer + Household possessions + Value of stock investment
Total assets = $460 + $1,900 + $8,900 + $2,375 + $1,250 + $3,500 +
$885
Total assets = $19,270
Total liabilities = Credit card balance + Balance of educational
loan
Total liabilities = $240 + $2,220
Total liabilities = $2,460
Net worth = Total assets - Total liabilities
Net worth = $19,270 - $2,460
Net worth = $16,810
Total cash inflows = Monthly take-home salary
Total cash inflows = $2,235
Total cash outflows = Rent for the month + Spending for food +
Auto insurance + Lunches/parking at work + Clothing purchase +
Telephone bill paid for month + Loan payment + Payment for
electricity + Donations + Restaurant spending
Total cash outflows = $700 + $370 + $240 + $185 + $115 + $70 + $90
+ $95 + $170 + $135
Total cash outflows = $2,170
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, 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...
Net Worth and Budgeting Use the following items to prepare a balance sheet and a cash flow statement. Determine the total assets, total liabil total cash inflows, and total cash outflows. 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 1,330 Monthly take-home salary $3,988 2,748 2,778 119 187 3,588 146 818 Savings account balance 1,300 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. $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...
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...
1. liquid assets / monthy expenses= ? 2. net worth / total assets =? 3. total debt / annual total income=? 4. housing amd monthly debt paymenrs / monthly income =? 5. housing cost / monthly income =? $122,782 $ 5,860 Karl's net income from the bar (Schedule C) $64,000 June's salary 57,200 Dividend income 777 Checking interest income 130 Savings interest income 400 Certificate of deposit 275 Total inflows OUTFLOWS Planned savings Section 401(k) plan 5% deferral for June...
Based on the following data, compute the total assets, total liabilities, and net worth. Balance Sheet Liquid assets Investment assets Current liabilities $ 4,670 26,910 2,670 Household assets Long-term liabilities $ 93, 780 76,230 Balance Sheet Total assets Total liabilities Net worth