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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 $ 700 $ 370 $ 2,235 Savings account balance $ 1,900 Current value of automobile $ 8,900 Credit card balance $ 240 Auto insurance $ 240 Household possessions Video equipment $ 2,375 Cash in checking account Balance of educational loan Telephone bill paid for month Loan payment Payment for electricity $ 460 $ 2,220 $ 70 $ 90 $ 3,500 $ 95 Lunches/parking at work $ 185 Donations $ 170 Personal computer $ 1,250 Value of stock investment $ 885 Clothing purchase $ 115 Restaurant spending $ 135 a. Total assets b. Total liabilities c. Net worth d. Total cash inflows e. Total cash outflows
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