Mia 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?
Answer to relevant QuestionsAt the beginning of the year, Arianne had a net worth of $5,000. During the year she set aside $100 per month from her paycheck for savings and borrowed $500 from her cousin that she must pay back in January of next year. ...How do you think people who do not create a budget may deal with cash deficiencies? How can this affect their personal relationships? Describe how wealth is built over time. How do your personal cash flow statement and your personal balance sheet assist in this process? Ryan and Nicole would like to trade in one of their cars with a fair market value of $ 7,000 for a new one with a fair market value of $ 21,500. The dealer will take their car and provide a $ 15,000 loan for the new car. If ...Prepare a personal balance sheet for the Sampsons. Personal Balance Sheet
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