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Use the following items to determine the total assets, total liabilities, net worth, total cash inflows, and total cash outflows. Rent for the month
Use the following items to determine the total assets, total liabilities, net worth, total cash inflows, and total cash outflows. Rent for the month Monthly take-home salary Spending for food Savings account balance $ 800 $ 420 $ 1,920 Cash in checking account Balance of educational loan $ 2,335 $ 480 $ 2,340 Current value of automobile $ 9,100 Telephone bill paid for month $ 80 Credit card balance $ 250 Loan payment Auto insurance $ 260 Household possessions $ 110 3,700 Video equipment $ 2,425 Payment for electricity $ 105 Lunches/parking at work $ 195 Donations $ 190 Personal computer $ 1,350 Value of stock investment $ 935 Clothing purchase $ 125 Restaurant spending 145 a. Total assets b. Total liabilities c. Net worth d. Total cash inflows e. Total cash outflows
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