Use the following items to determine the total assets, total liabilities, net worth, total cash inflows, and
Question:
Use the following items to determine the total assets, total liabilities, net worth, total cash inflows, and total cash outflows.
a. Total assets $
b. Total liabilities $
c. Net worth $
d. Total cash inflows $
e. Total cash outflows $
Transcribed Image Text:
Rent for the month, $650 Spending for food, $345 Savings account balance, $1,890 Current value of automobile, $8,800 Credit card balance, $235 Auto insurance, $230 Video equipment, $2,350 Lunches/parking at work, $180 Personal computer, $1,200 Clothing purchase, $110 Monthly take-home salary, $2,185 Cash in checking account, $450 Balance of educational loan, $2,160 Telephone bill paid for month, $65 Loan payment, $80 Household possessions, $3,400 Payment for electricity, $90 Donations, $160 Value of stock investment, $860 Restaurant spending, $130
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Related Book For
Focus On Personal Finance
ISBN: 9781265521974
7th Edition
Authors: Jack Kapoor, Les Dlabay, Robert J. Hughes, Melissa Hart
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