1/Which of the following statements regarding an individuals net worth is true?

Group of answer choices

a/It is the sum of an individuals current assets and his or her current liabilities.

b/It is the difference between an individuals total assets and his or her total liabilities.

c/It is the sum of an individuals take-home pay and his or her payroll taxes.

d/It is the difference between an individuals current assets and his or her current liabilities.

2/ The cash Budget preparation process has three stages. Arrange the stages in correct order

1. estimating expenses

2. finalizing the cash budget

3. forecasting income

Group of answer choices

a/ 1,2,3

b/ 2,3,1

c/ 1,3,2

d/ 3,1,2