Question
Tara Winger is a working at a law firm. Her salary recently increased and she would like to keep track of her net worth. Tara
Tara Winger is a working at a law firm. Her salary recently increased and she would like to keep track of her net worth. Tara has gathered the following information. Assume her net worth at the beginning of February (opening net worth) $500.
| February 28, 2021 | March 31, 2021 | April 30, 2021 | |
| Cash | $7,330 | $12,830 | $18,830 |
| Automobile | $13,000 | $13,000 | $13,000 |
| Credit Card Bills | $1,400 | $1,200 | $900 |
| Automobile Loan | $12,000 | $11,500 | $11,000 |
| Salary | $8,700 | $9,100 | $9,100 |
| Food Expense | $1,300 | $1,780 | $1,190 |
| Entertainment Expense | $140 | $290 | $280 |
| Rent Expense | $830 | $830 | $830 |
Do not enter dollar signs or commas in the input boxes. Use the negative sign for a deficit.
Required
Complete the table below.
| February 28, 2021 | March 31, 2021 | April 30, 2021 | |
| Opening Net Worth | Answer
| Answer
| Answer
|
| Surplus (Deficit) | Answer
| Answer
| Answer
|
| Closing Net Worth | Answer
| Answer
| Answer
|
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Financial management theory and practice
Authors: Eugene F. Brigham and Michael C. Ehrhardt
12th Edition
978-0030243998, 30243998, 324422695, 978-0324422696
