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all info is their this is ALL we got yes it is zoom in on phone Assets, Liabilities and Net Worth Mary has come to
all info is their this is ALL we got
yes it is zoom in on phone
Assets, Liabilities and Net Worth Mary has come to you for help preparing personal financial statements. She presents you with the following facts. Her assets and liabilities include: $3,000 in a Checking account and $5,000 in a Savings account Her Brokerage Account has $15,000 in Stocks With her employer she has a 401K with a balance of $50,000. She has cash value life Insurance with a $250,000 death benefit and a cash value of $25,000 . Her home was purchased for $300,000 and has a mortgage balance of $250,000, currently worth $320,000. A car purchased for $35,500 where the current blue book value is $15,000 and she owes $18,000 on the auto loan Mary has a Student Loan originally for $60,000 with a current Principal Balance of 30,000 Lastly, she has Credit Card Balances of $8,500 . Search Fre Home Insert Page Layout Formulas Data Review View Help O PROTECTED VIEW med de to stay in her C14 B D E $ 3,000 5,000 LIABILITIES Liabilities Credit card balance $ Student Loan Debt Auto note balance Mortgage Balance Total Liabilities 8,500 30,000 18.000 250,000 306,500 25,000 33,000 1 NET WORTH STATEMENT 2 ASSETS 3 Cash/Cash Equivalents 4 Checking account 5 Savings Account 6 Money Market Account 7 Life Insurace Cash Value Total Cash/Cash Equivalents 9 Invested Assets 10 Brokerage Acct 11 Business 12 IRAs 13 401k or Vested Pension 14 Total Invested Assets 1s Use Assets 16 Residence 17 Automobiles 18 Personal property 19 Total Use Assets 20 15 000 50.000 65,000 TOTAL LIABILITIES 306,500 320,000 15,000 NET WORTH 126,500 335,000 TOTAL LIABILITIES AND NET WORTH 433,000 433,000 21 TOTAL ASSETS 22 23 24 25 26 27 28 29 30 31 32 Sheet1 ra PROTECTED VIEW Be cardurile from the Internet con contrases. Unless you need to see to stay in Protected View Erable Editing B58 B c D E F G H 1 Monthly Outflows Inflows Totals S 122,500 800 50 0 123,350 123,350 $ $ 11,300 9.2% $ 1700 1 Cash Flow Statement 2 3 INFLOWS 4 Gross salaries 5 Dividend income 6 Interest income 7 Other Income 8 TOTAL INFLOWS 9 10 OUTFLOWS 11 Savings and Investments 12 Fixed Outflows 13 Housing 14 Property Taxes 15 Student Loan 16 Auto loan payments 17 Insurance premiums 18 Total Fixed Outflows 19 Variable Outflows 20 Taxes 21 Food 22 Transportation 23 Clothing/personal 24 Entertainment/vacation 25 Medical/dental care 26 Utilities/household 27 Credit card payments 28 Miscellaneous 29 Total Variable Outflows 30 TOTAL OUTFLOWS 31 32 600 500 20.400 4.000 7,200 6,000 2,900 $ 40,500 S 700 500 400 500 350 250 600 26,950 8,400 6,000 4,800 6,000 4.200 3.000 7,200 5,000 71.550 $ 112,050 33 tox Cash Flow Statement Page Step by Step Solution
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