Question: Julia is considering trading in her car for a new
Julia is considering trading in her car for a new one. Her new car payment will be $325 per month, and her insurance cost will increase by $60 per month. Julia determines that her other car-related expenses (gas, oil) will stay about the same. What is the opportunity cost if Julia purchases the new car?
Answer to relevant QuestionsMia has $3,000 in assets, a finance company loan for $500, and an outstanding credit card balance of $135. Mia's monthly cash inflows are $2,000, and she has monthly expenses of $1,650. What is Mia's net worth? Help the Sampsons summarize their current financial position, their goals, and their plans for achieving their goals by filling out the following worksheets What is the liquidity ratio? What does it indicate? How is the debt to asset ratio calculated? What does a high debt ratio indicate? How is your savings rate determined? What does it indicate? Ryan and Nicole (from problem 9) have the following liabilities: Mortgage......... $ 43,500 Car loan......... 2,750 Credit card balance....... 165 Student loans......... 15,000 Furniture loan (6 months) .... ...Based on their personal cash flow statement, will the Sampsons be able to meet their savings goals? If not, how do you recommend that they revise their personal cash flow statement in order to achieve their savings goals?
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