Question
Clint is a senior. He has $1,075 cash, $1,750 in his savings account, $1,250 in his checking account, and a car valued at $5,000 with
Clint is a senior. He has $1,075 cash, $1,750 in his savings account, $1,250 in his checking account, and a car valued at $5,000 with a $1,500 outstanding loan. He also has a Macbook valued at $500, watch valued at $300, TV valued at $500, and furniture valued at $1,000. His credit card balance is $300, and he has a student loan of $20,000, medical debt of $400, and furniture loan of $400. Clint also invests in retirement saving 1) Roth IRA currently valued at $1,000, and 2) 401(k) currently valued at $5,000. He works part-time as an English teaching company and can earn $2,000 per month. His parents provide him with $800 monthly allowance. He tracks his expenditures regularly, and he provides the following monthly expenses: $25 dining out, $450 rent, $200 groceries, $10 entertainment, $50 gift, $100 clothing and $100 savings to his saving account for a trip next year. He makes $20 renters insurance payment, $50 automobile insurance payment, $78 medical insurance payment per month.
How much is total monetary assets?
How much is total long-term liabilities?
How much is net worth?
How much is total dedicated expenses?
How much is annual inflow?
How much is net cash flow? Surplus or Deficit?
Thank you so much!
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