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5. Ledio and Isabel Greene have the following assets, liabilities, income, and expenses. Use this information to answer the questions that follow: Yearly income: $99,000
5. Ledio and Isabel Greene have the following assets, liabilities, income, and expenses. Use this information to answer the questions that follow: Yearly income: $99,000 . Value of home: $190,000 Value of cars: $32,000 . Monetary Assets: S30,000 Mortgage on house: $150,000 with twenty-four years remaining on the loans Auto loans: $14,000 with three years remaining on the loans Student loans: $92,000 with five years remaining on the loans Mortgage payment: $1,200 Utilities: $500 . Car payments: $550 Groceries: $900 Taxes: $3,000 . Discretionary expenses: $1,000 a. What is their current net worth situation? b. What is their current discretionary cash flow position? c. What is their current ratio? d. What is their debt ratio? e. What is their savings ratio (assume that any discretionary cash flow is used for savings)? f. Ledio and Isabel are considering purchasing a new car. The car will cost $30,000. They plan to borrow the entire amount of the car purchase. By how much will their net worth increase or decrease? 5. Ledio and Isabel Greene have the following assets, liabilities, income, and expenses. Use this information to answer the questions that follow: Yearly income: $99,000 . Value of home: $190,000 Value of cars: $32,000 . Monetary Assets: S30,000 Mortgage on house: $150,000 with twenty-four years remaining on the loans Auto loans: $14,000 with three years remaining on the loans Student loans: $92,000 with five years remaining on the loans Mortgage payment: $1,200 Utilities: $500 . Car payments: $550 Groceries: $900 Taxes: $3,000 . Discretionary expenses: $1,000 a. What is their current net worth situation? b. What is their current discretionary cash flow position? c. What is their current ratio? d. What is their debt ratio? e. What is their savings ratio (assume that any discretionary cash flow is used for savings)? f. Ledio and Isabel are considering purchasing a new car. The car will cost $30,000. They plan to borrow the entire amount of the car purchase. By how much will their net worth increase or decrease
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