Calculation of ratios....
1. liquid assets / monthy expenses= ? 2. net worth / total assets =? 3. total...
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...
2. Balance sheet - Net worth and interpreting the data The following is a partial balance sheet for Andy and Kim Garza. Complete the balance sheet by determining their total assets, total current liabilities, long-term liabilities, and net worth. Balance Sheet Name(s): Andy and Kim Garza Date: December 31, 2012 Assets Liabilities and Net Worth Current Liabilities Liquid Assets Cash Checking Electric $350.17 $195.75 215.33 244.69 Water 150.07 Savings Insurance premiums Total Liquid Assets: $655.77 1,125.00 Mortgage 833.33 750.38 Investments...
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...
The Sampsons realize that the first step toward achieving their financial goals is to create a budget capturing their monthly cash inflows and outflows. Dave and Sharon’s combined disposable (after-tax) income is now about $5,000 per month. Reviewing their bank statement from last month, Dave and Sharon identify the following monthly household payments: $1,100 for home expenses (including the mortgage payment, home insurance, and property taxes) $100 for Internet $200 for electricity and water $200 for cellular expenses $800 for...
I need to help a couple with their finances for this assignment. I hace to prepare a vertical analysis of their statement of fiancial position and income and expense. Can anyone please help me using these photos? 2 Statement of Income and Expenses $100,000 68.770 Total $3.500 Statement of income and Expenses Ryan and Turany Pierce Statement of Income and Expenses for Past Year (2019) and Expected (Approximate) For This Year (2020) Cash Inflows Ryan's Salary Tiffany's Salary ML Brokerage...
please use Tables 3.2 and 3.3 in the book on pages 82 and 86 respectively. Please calculate Hernandez's basic liquidity ratio. Table 3-3 Cash Flow Statement for a Couple with Two Children-Victor and Maria Hernandez, January 1-December 31, 2018 Dollars Percent 53,000 32,000 1,800 1,000 200 7.720 95,720 55.4% 33.4% 1.9% 1.0% 0.2% 8.1% 100.0% INCOME Victor's gross salary Maria's gross salary Interest and dividends Bonus Tax refunds Net rental income Total Income EXPENDITURES Fixed Expenses Mortgage loan payments Real...
please use Tables 3.2 and 3.3 in the book on pages 82 and 86 respectively. Please calculate Hernandez's asst to debt ratio. Table 3-2 Balance Sheet for a couple with Two Children-Victor and Maria Hernandez, January 1, 2018 ASSETS Monetary Assets 0.3% 1.1% Cash on hand Savings account Victor's checking account Maria's checking account Tax refund due Rent receivable Total Monetary Assets 1,200 4.200 2,700 3,300 700 650 0.7% 0.8% 0.2% 0.2% 3.2% $ 12,750 Tangible Assets Home Personal property...