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business 121 5. Luke Busy records the following assets: ( $360,000 condo); ( $12,000 auto); ( $2,000 furniture): ( $5,000 miscellaneous); ($3,000 cash). He records

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5. Luke Busy records the following assets: ( $360,000 condo); ( $12,000 auto); ( $2,000 furniture): ( $5,000 miscellaneous); ($3,000 cash). He records the following liabilities: ( $315 00 mortgage): ($9,000 car loan); (\$2,000 credit card balance). Please construct a simple net worth statement, a.k.a. balance sheet, with assets (please include total assets), liabilities (please include total liabilities), and net worth (total assets - total liabilities). Please show all items, not just the resulting total assets, total liabilities, and net worth. 6. Sue Nami has the following income: ($3,100 job); ( $500 child support). She has the following expenses:( $1,800 rent); ( $800 food); ( $140 utilities); ( $80 phone); $280 medical insurance); ( $80 entertainment); ( $120 clothes); ( $200 miscellaneous). Please calculate Sue's total income, total expenses, and surplus or deficit. Please show all items, not just the resulting total income, total expenses, and surplus or deficit. 7. Your friend tells you that she needs to buy the latest and greatest new eyeFone 2911/2 but she doesn't have the $1,400 for the top-of-the-line model and her credit card is maxed out already from buying last year's eyeFone. Can you help her write a financial goal that will help her purchase the eyeFone 291/2X within a reasonable amount of time? She must specify the gol, the actions to be taken to reach the goal, the time frame, and the priority

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