Paula Sanchez is trying to determine her 2019 finances. Paula's actual 2018 finances were as follows:...

 

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Paula Sanchez is trying to determine her 2019 finances. Paula's actual 2018 finances were as follows: Income: Assets: Gross income $67,000 Interest income 440 Total $67,440 Checking account $ 1,890 Savings account 9,120 Automobile 1,950 Personal property 14,700 Expenses: Total $27,660 Living $25,100 Liabilities: Insurance premium 330 Taxes 14,800 Note to bank Net worth 5,500 $22,160 ($27,660 - $5,500) Medical 580 Investment Total 4,000 $44,810 Net worth = Assets Liabilities (own) (owe) Paula believes her gross income will double in 2019 but her interest income will decrease $145. She plans to reduce her 2019 living expenses by one-fourth. Paula's insurance company wrote a letter announcing that her insurance premiums would triple in 2019. Her accountant estimates her taxes will decrease $240 and her medical costs will increase $405. Paula also hopes to cut her investments expenses by one-fifth. Paula's accountant projects that her savings and checking accounts will each double in value. On January 2, 2019, Paula sold her automobile and began to use public transportation. Paula forecasts that her personal property will decrease by one-seventh. She has sent her bank a $380 check to reduce her bank note. a. Could you give Paula an updated list of her 2019 finances? Income: Gross income Interest income Total Expenses: Living Assets: Checking account Savings account Personal property Total Liabilities: Insurance premium Taxes Note to bank Net worth Medical Investment Total b. If you round all the way each 2018 and 2019 asset and liability, what will be the difference in Paula's net worth? Total estimated difference Paula Sanchez is trying to determine her 2019 finances. Paula's actual 2018 finances were as follows: Income: Assets: Gross income $67,000 Interest income 440 Total $67,440 Checking account $ 1,890 Savings account 9,120 Automobile 1,950 Personal property 14,700 Expenses: Total $27,660 Living $25,100 Liabilities: Insurance premium 330 Taxes 14,800 Note to bank Net worth 5,500 $22,160 ($27,660 - $5,500) Medical 580 Investment Total 4,000 $44,810 Net worth = Assets Liabilities (own) (owe) Paula believes her gross income will double in 2019 but her interest income will decrease $145. She plans to reduce her 2019 living expenses by one-fourth. Paula's insurance company wrote a letter announcing that her insurance premiums would triple in 2019. Her accountant estimates her taxes will decrease $240 and her medical costs will increase $405. Paula also hopes to cut her investments expenses by one-fifth. Paula's accountant projects that her savings and checking accounts will each double in value. On January 2, 2019, Paula sold her automobile and began to use public transportation. Paula forecasts that her personal property will decrease by one-seventh. She has sent her bank a $380 check to reduce her bank note. a. Could you give Paula an updated list of her 2019 finances? Income: Gross income Interest income Total Expenses: Living Assets: Checking account Savings account Personal property Total Liabilities: Insurance premium Taxes Note to bank Net worth Medical Investment Total b. If you round all the way each 2018 and 2019 asset and liability, what will be the difference in Paula's net worth? Total estimated difference