Question: Assets Liabilities and Net Worth Current Assets Liabilities and Net Worth Cash and Checking $ 5,000.00 Credit Cards $ 15,000.00 Money Market $ 10,000.00 Auto
| Assets | Liabilities and Net Worth | |||||
| Current Assets | Liabilities and Net Worth | |||||
| Cash and Checking | $ 5,000.00 | Credit Cards | $ 15,000.00 | |||
| Money Market | $ 10,000.00 | Auto #2 | $ 18,000.00 | |||
| Total Current Assets | $ 15,000.00 | Personal Residence | $ 300,000.00 | |||
| Total Liabilities | $ 333,000.00 | |||||
| Investment Assets | ||||||
| 401(k) plan | $ 100,000.00 | Total Net Worth | ||||
| Education savings | $ 20,000.00 | |||||
| Brokerage investment | $ 10,000.00 | |||||
| Total Investment Assets | $ 130,000.00 | |||||
| Personal Use Assets | ||||||
| Personal Residence | $ 350,000.00 | |||||
| Auto #1 | $ 5,000.00 | |||||
| Auto #2 | $ 25,000.00 | |||||
| Total Personal Use Assets | $ 380,000.00 | |||||
| Total Assets | $ 525,000.00 | Total Liabilities and Net Worth | $ 525,000.00 | |||
| Cash Inflows | ||
| Gross Salary | $ 150,000.00 | |
| Total Cash Inflows | $ 150,000.00 | |
| Cash Outflows | ||
| Savings | ||
| 401(k) Plan | $ 7,500.00 | |
| Education Savings (529 Plan) | $ 3,600.00 | |
| Total Savings | $ 11,100.00 | |
| Debt Payments | ||
| Personal Residence | $ 19,000.00 | |
| Auto #2 | $ 7,500.00 | |
| Credit Cards | $ 5,000.00 | |
| Total Debt Payments | $ 31,500.00 | |
| Living Expenses | ||
| Utilities | $ 3,500.00 | |
| Gasoline for Autos | $ 3,000.00 | |
| Lawn Service | $ 1,000.00 | |
| Entertainment | $ 2,500.00 | |
| Vacations | $ 3,000.00 | |
| Church Donations | $ 15,000.00 | |
| Food | $ 5,000.00 | |
| Auto Maintenance | $ 500.00 | |
| Telephone | $ 2,500.00 | |
| Clothing | $ 1,500.00 | |
| Total Living Expenses | $ 37,500.00 | |
| Insurance Payments | ||
| HO Personal Residence | $ 4,000.00 | |
| Auto Premiums | $ 1,000.00 | |
| Life Insurance Premiums | $ 500.00 | |
| Total Insurance Payments | $ 5,500.00 | |
| Taxes | ||
| Federal Incom Taxes Witheld | $ 37,500.00 | |
| State Income Taxes Witheld | $ 7,275.00 | |
| Social Security Taxes | $ 9,300.00 | |
| Property Tax Personal Residence | $ 3,500.00 | |
| Total Taxes | $ 57,575.00 | |
| Total Savings, Expenses and Taxes | $ 143,175.00 | |
What is the Scott's annual Net Discretionary Cash Flow?
What is the Scott's annual Non-Discretionary Cash Flow?
What is the Scott's Emergency Fund Ratio (EFR)?
What is the Scott's current ratio?
What is the Scott's Housing Ratio 1 (HR1)?
What is the Scott's Housing Ratio 2 (HR2)?
What is the Scott's debt-to-total assets ratio?
What is the Scott's Savings Rate, assuming that the employer matches up to 6% per annum on the employee's gross salary?
What is the Scott's investment assets to gross pay ratio?
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