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perosnal finance questions 1, 2, and 7 please 1. Determining Liquid Assets and Current Liabilities. Based on these items, what is the total of the

perosnal finance questions 1, 2, and 7 please image text in transcribed
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1. Determining Liquid Assets and Current Liabilities. Based on these items, what is the total of the (a) liquid assets and (b) current liabilities? Checking account balance, $860 Savings account balance, $2,675 Retirement account balance, $57.000 Current student loan payment due, $220 Credit card balance, S117 Investment account balance, $8,000 Coin collection, $450 Mortgage, $178,000 2. Calculating Balance Sheet Amounts. Based on the following data, compute the total assets, total liabilities, and net worth. Liquid assets, $4,670 Household assets, $93.780 Investment assets, $26.910 Long-term liabilities, $76,230 Current liabilities, $2.670 3 7. Determining Budget Variances. Fran Bowen created the following budget: Food, $350 Clothing, $100 Transportation, $320 Personal expenses and recreation, $275 Housing, $950 She actually spent $298 for food, $337 for transportation, $982 for housing. $134 for clothing, and $231 for personal expenses and recreation. Calculate the variance for each of these categories, and indicate whether it was a deficitor a surplus

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