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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 $ 1,300 Spending for food $ 670 Savings account balance $ 2,020 Current value of automobile $ 9,650 Credit card balance $ 300 Auto insurance $ 360 Video equipment Lunches/parking at work Personal computer $ 2,675 $ 245 $ 1,850 Clothing purchase $ 175 a. Total assets b. Total liabilities c. Net worth d. Total cash inflows e. Total cash outflows Monthly take-home salary Cash in checking account Balance of educational loan Telephone bill paid for month Loan payment Household possessions Payment for electricity Donations Value of stock investment Restaurant spending $ 2,835 $ 580 $ 2,940 $ 130 $ 210 $ 4,700 $ 155 $ 290 $ 1,185 $ 195
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