Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

i know that there should be a number for savings certificates, but i do not know how to solve for it. please help! (based off

i know that there should be a number for savings certificates, but i do not know how to solve for it. please help! (based off the first photo primarily and second photo) image text in transcribed
image text in transcribed
Assets: Checking account Emergency fund savings account Car Computer & iPad Liabilities: Student loan Monthly Expenses: $2,000 Rent obligation $500 $1,600 Utilities/electricity $100 $5,500 Utilities/water $50 $1,250 Utilities/cable TV $165 Food $200 $6,900 Gas/maintenance $110 Credit card $1,150 $60 payment Car insurance $60 $2,305 Clothing $100 $1,895 Entertainment: Cake decorating $40 class Movies with $65 friends Credit card balance Income: Gross monthly salary Net monthly salary 2000 Liquid assets Cheding account balance Savings/money market accounts, funds Cash value of Life Insurance Other Total liquid assets 1000 0 0 2000 Household assets and possessions Current market value of home Market value of automobiles Furniture Computer, electronics, camera Jewelry Other Other Total household assets 0 3300 0 1250 0 0 0 0750 0 Investment assets Savings certificates Stocks and bonds Retirement accounts Mutual funds Other Total investment assets Total assets 0 Liabilities Current liabilities Charge account and credit card Loan balances Other Total current liabilities 1130 09001 8030 Long term abilities Morte Other Totallone term hablities Totallaties 5030 Net Worth Assets: Checking account Emergency fund savings account Car Computer & iPad Liabilities: Student loan Monthly Expenses: $2,000 Rent obligation $500 $1,600 Utilities/electricity $100 $5,500 Utilities/water $50 $1,250 Utilities/cable TV $165 Food $200 $6,900 Gas/maintenance $110 Credit card $1,150 $60 payment Car insurance $60 $2,305 Clothing $100 $1,895 Entertainment: Cake decorating $40 class Movies with $65 friends Credit card balance Income: Gross monthly salary Net monthly salary 2000 Liquid assets Cheding account balance Savings/money market accounts, funds Cash value of Life Insurance Other Total liquid assets 1000 0 0 2000 Household assets and possessions Current market value of home Market value of automobiles Furniture Computer, electronics, camera Jewelry Other Other Total household assets 0 3300 0 1250 0 0 0 0750 0 Investment assets Savings certificates Stocks and bonds Retirement accounts Mutual funds Other Total investment assets Total assets 0 Liabilities Current liabilities Charge account and credit card Loan balances Other Total current liabilities 1130 09001 8030 Long term abilities Morte Other Totallone term hablities Totallaties 5030 Net Worth

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Accounting Information For Business Decisions

Authors: Billie Cunningham, Loren A. Nikolai, John Bazley, Marie Kavanagh, Geoff Slaughter, Sharelle Simmons

2nd Edition

0170253708, 978-0170253703

Students also viewed these Finance questions

Question

PSYCH/614 week 4 how social influence impacts the workplace

Answered: 1 week ago