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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 Spending
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 $ 1,000 Monthly take-home salary $ 520 Cash in checking account $ 1,960 Balance of educational loan $ 9,500 Telephone bill paid for month $ 270 Loan payment $ 300 Household possessions $ 2,525 Payment for electricity $ 215 Donations $ 1,550 Value of stock investment $ 145 Restaurant spending $ 2,535 $ 520 $ 2,580 $ 100 $ 150 $ 4,100 $ 125 $ 230 $ 1,035 165 a. Total assets b. Total liabilities C. Net worth d. Total cash inflows e. Total cash outflows
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