Santos and Cecilia have the following assets: Fair Market Value Condo......................$104 000 Car ............................22 000 Furniture...................14 000

Question:

Santos and Cecilia have the following assets:

Fair Market Value
Condo......................$104 000

Car ............................22 000

Furniture...................14 000

Stocks.........................10 000

Savings account........ 5 000

Chequing account......1200

Bonds..........................15000

Cash..............................150

Mutual funds...............7000

What is the value of their liquid assets? What is the value of their household assets? What is the value of their investments?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For answer-question

Personal Finance

ISBN: 978-0134724713

4th Canadian edition

Authors: Jeff Madura, Hardeep Singh Gill

See More Books

Question Posted: May 23, 2019 10:36 AM

See More Questions

Santos Corporation is considering investing in Fenco Corporation, but is unsure about what level of ownership should be undertaken. Santos and Fenco have the following reported incomes: Fenco paid...
Santos and Cecilia (from problem 10) have the following liabilities: Fair Market Value Mortgage ................................$81000 Car loan ....................................2750 Credit card...
Jim and Cecilia were having lunch at the public accounting firm cafeteria downtown and discussing the future. They had both been recently promoted to managers, with incomes approaching six figures....
Maicom Construction Materials Inc. , hereinafter referred to as "MCM", is a construction materials company established in Moncton, New Brunswick. Its facilities (warehouse, store and offices) are...
L'Hpital's Rule in its 1696 form said this: if lim x a f(x) = lim x a g(x) = 0, then lim x a f(x) /g(x) = f'(a) /g' (a). provided that f' (a) and g' (a) both exist and g'(a) ( 0. Prove this result...
Washburn Guitar has been a maker of fine musical instruments since the company's founding in Chicago in 1883. The company promises that "each guitar [it produces] represents the finest quality at the...
On June 28, 1997, in Las Vegas, heavyweight boxers Mike Tyson and Evander Holyfield met for what proved to be a night to remember. During the third round of the fight, a desperate Tyson illegally bit...
The Vang Hotel opened for business on May 1, 2012. Here is its trial balance before adjustment on May 31. Other data:1. Insurance expires at the rate of $450 per month.2. A count of supplies shows...
Find the x and y intercept For the equation y= 2 x+1, Part: 0/3 Part 1 of 3 (a) Find the x-intercept. The x-intercept is DD
The value of Chiefs Corporation's core operations is $120,000, the value of its nonoperating assets is $40,000, the value of its debt is $100,000, and it has no other capital claims. What is the...
If Angela is saving $350 per month, what is her savings ratio?
What are the major demographic groups by age? What are some characteristics of each group?
For which of the following firms would you expect the costs of financial distress to be highest? Explain briefly. a. A computer software company that depends on skilled programmers to produce new...
Carmen and Carlos Lopez-Obando recently retained Canes Consulting for our recommendations regarding their gas station located in Fictionville, Florida. The short story is that they unexpectedly...
In BlockWorks, what entries need to be made so that the sale of the land is reported properly on Form 4797, Sales of Business Property? In Asset Manager, select the rental house, click the...
John, an executive at Company X, uses his company expense account for his health club membership. This is an example of Question 5 options: whistleblowing insider trading abuse of official position...
On July 1, 2025, Beauty Hotels Corp. issued $600,000 of 10% bonds, dated July 1. The bonds mature in ten years, and interest is payable semiannually on June 30 and December 31. The market interest...
Assume that you manage a firm that faces transaction exposure. Your company manufactures and sells scooters around the world. You just completed a large sale of scooters to a chain of stores in...
A guitar and a flute are in tune with each other. Discuss how a change in temperature could alter this situation.
The activities listed in lines 2125 serve primarily as examples of A) Underappreciated dangers B) Intolerable risks C) Medical priorities D) Policy failures
Use ratios to assess Polly Corporation's profitability. Balance Sheet for Polly Corporation (in millions) Assets Cash and marketable securities Accounts receivable Inventories Net fixed assets Total...
A year ago, Rebecca purchased 100 shares of Havad stock for $25 per share. Yesterday, she placed a limit order to sell her stock at a price of $30 per share before the market opened. The stocks price...
Trey purchases 200 shares of Turner stock for $40 per share. Trey pays $4000 in cash and borrows $4000 from his broker at 11 percent interest to complete the purchase. One year later, Trey sells the...
For a certain multi-state lottery the prize was $12,200,000 that was paid out over 20 years with each year payments of $610,000.00 paid at the end of each year. If money is worth 6.4%, compounded...
Ivaco Inc. ' s dividends are forecast to increase over the next three years at 1 2 % due to the introduction of their new line of industrial fasteners. The last dividend ( yesterday ) was $ 2 . 0 0...
An investment that pays you $3,500, five years from now, is worth $2,495 today, if the discount rate is 7%. If the discount were 4%, what would you be willing to pay for this investment?

Santos and Cecilia have the following assets: Fair Market Value Condo......................$104 000 Car ............................22 000 Furniture...................14 000

Question:

Step by Step Answer:

Debttoasset ratio total liabilitiestotal assets 2000...View the full answer

Personal Finance

Students also viewed these Business questions