ZuoTi.Pro
Question

If Anna has $170,800 mortgage balance $8,000 car loan $1,250 credit card balance $6,000 student loan...

If Anna has
$170,800 mortgage balance
$8,000 car loan
$1,250 credit card balance
$6,000 student loan
and pays $1,475 health insurance premiums
How much is her total LONG-TERM liabilities?

A. 184,800

B.187,525

C.178,800

D.176,800

E.186,050

business   economics   
0 0
Add a comment Improve this question Transcribed image text
Next > < Previous
Sort answers by oldest

Homework Answers

Answer #1

Long term liability is an obligation to pay because of past event but not due within next coming one year.

Thus, Anna long term liabilities includes mortgage balance, car loan and student loan.

So, the long term liabilities = $170800 + $8000 + $6000.

Long term liabilities = $184800.

Answer: option (a).

0 0
Add a comment
Know the answer?
Add Answer to:
If Anna has $170,800 mortgage balance $8,000 car loan $1,250 credit card balance $6,000 student loan...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions

  • Suppose Dejuan pays monthly student loan payment is $304, car note payment is $371, mortgage payment...

    Suppose Dejuan pays monthly student loan payment is $304, car note payment is $371, mortgage payment is $925 and credit card payment is $494. If he takes home $4562 monthly, what is his debt limit ratio? Answer: Check

  • Your liabilities are what you owe. They include the charges on your credit card every month,...

    Your liabilities are what you owe. They include the charges on your credit card every month, the rent owed on a lease agreement, the payoff amount on your mortgage, the balance due on your school loan, the taxes due, and so on. Liabilities are classified according to maturity as either short term (current) or long term. liability is due in the next 12 months. Categorize each of the following liabilities as a short-term liability or a long-term liability. Short-Term Long-Term...

  • 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....

  • 21. Stacey has a $8,000 balance on her credit card that has an interest rate of...

    21. Stacey has a $8,000 balance on her credit card that has an interest rate of 21%, compounded monthly. (a) If she decides to pay it off over 5 years with equal monthly payments, how much should each payment be? (b) How much interest will Stacey pay to the credit card company? (c) If instead she wants to completely pay off her debt after 3 years (1.6. 2 years early), what lump sum payment must she make?

  • I am looking to verify my answers by placing the proper items in the balance sheet...

    I am looking to verify my answers by placing the proper items in the balance sheet Assets & Liabilities Joint Money Market Account $     5,500 Boat $   25,000 Credit Card B (For Clothes) $     4,000 Mortgage Balance $   80,000 Cash on Hand $     1,500 House $ 120,000 Personal Property $   15,000 Credit Card D (For Misc. Items) $     4,500 Jane's - Car Loan Balance $   10,000 Joint Savings Account $        400 Jane's Car $   22,000 Credit Card A (For Groceries/Restaurants)...

  • goals Her credit card balance is now paid in full monthly. She is continuing to save...

    goals Her credit card balance is now paid in full monthly. She is continuing to save more than well organized and she feels comfortable about the progress she is making with her financial Viki Rococo (age 26) has been living in her apartment for three years. Her savings system is Vikki is engaged to Tim Treble (age 28), and they are planning to be married in nine months. 106 of her gross salary in her 401(k) plan and she stays...

  • 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....

  • The Sampsons realize that the first step toward achieving their financial goals is to create a...

    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...

  • One of your financial planning clients, Ms Yana Bordeaux has asked you to prepare specified personal...

    One of your financial planning clients, Ms Yana Bordeaux has asked you to prepare specified personal financial statements on her behalf. Yana is a 33 year-old employed landscape gardener and has a gross income of $55,000 for the 2016 financial year. In addition, Yana’s employer also contributes 9.25% of her gross income into a personal superannuation fund that you have set up to fund her retirement. Fortnightly salary deductions (based on gross income) for Yana are as follows:             Details                                    ...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT