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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 $ 1,400 $ 720 Savings account balance $ 2,040 Current value of automobile $ 9,550 Credit card balance $ 310 Auto insurance $ 380 Video equipment $ 2,725 Lunches/parking at work $ 255 Personal computer $ 1,950 Clothing purchase $ 185 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 $ 2,935 $ 600 $ 3,060 $ 140 $ 230 $ 4,900 $ 165 $ 310 $ 1,235 $ 205
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