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Based on the following data, determine the total assets, total liabilities, net worth, total cash inflows, and total cash outflows. Balance Sheet and Cash Flow
Based on the following data, determine the total assets, total liabilities, net worth, total cash inflows, and total cash outflows. Balance Sheet and Cash Flow Items Rent for the month $ 1,410 Monthly take-home salary $ 3,740 Cash in checking account 650 Savings account balance 2,860 Spending for food 1,040 Balance of educational loan 2,320 Current value of automobile 7,960 Telephone bill paid for month 70 Credit card balance 265 Loan payment 98 Auto insurance 322 Household possessions 3,940 Home entertainment system 3,110 Payment for electricity 97 Lunches/parking at work 238 Donations 113 Computers 2,330 Value of stock investment 1,170 Clothing purchase 141 Restaurant spending 211
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