10. Which of the following situations is a person who could be insolvent? a. Assets$ 180,000; net worth $75,000 b. Assets $112,000; annual expenses $120,000 c. Assets $100,000; liabilities $130,000 d. Annual cash inflows $90,000; liabilities $100,000 11. Peter has net monthly income of 38,000. He has a monthly auto loan payment of $2,800, a student loan payment of $2,600, a mortgage payment of $14,000, and a credit card minimum payment of $3,000. What is Peter's debt-payments-to-income ratio? a. 14.2% b. 22.1% c. 36.8% d. 58.9% 12. Samuel has been named by Julia to follow her instructions and distribute her assets as she has specified in her will, pay her debts and collect any money owed to her In what capacity is Samuel acting? a. A beneficiary b. A guardian c. An executor d. A trustee