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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 Spending for food Savings account balance Current value of automobile Credit card balance Auto insurance Video equipment Lunches/parking at work Personal computer Clothing purchase a. Total assets b. Total liabilities c. Net worth d. Total cash inflows e. Total cash outflows $ 900 $ 470 $ 1,940 $ 9,300 $ 260 $ 280 $ 2,475 $ 205 $ 1,450 $ 135 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 $ 2,435 $ 500 $ 2,460 $ 90 $ 130 $ 3,900 $ 115 $ 210 $ 985 $ 155
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