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Jennifer ontesso wants to better understand her financial situation. Use the following balance sheet and cashflow statement information to determine her net worth and her
Jennifer ontesso wants to better understand her financial situation. Use the following balance sheet and cashflow statement information to determine her net worth and her net surplus for a recent month. Liquid assets: $10,000; home value: $210,000; monthly mortgage payment: $1300 on $170,000 mortgage; investment assets: $90,000; personal property: $20,000; total assets: $330,000; short-term debt: $5500 ($250 a month); total debt: $175,500; monthly gross income: $9000; monthly disposable income: $6800; monthly expenses: $6000.
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