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Where stock value 2500 and bonds value 3000 goes under total current liabilites? Also the net worth is not correct. advice Fred and Wilma contribute
Where stock value 2500 and bonds value 3000 goes under total current liabilites? Also the net worth is not correct. advice
Fred and Wilma contribute separately to 401(k) accounts and their employer matches 100% for each dollar contributed upto 3% of their salaries. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Your firm has made the following recommendations: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(i) Payoff the entire credit card debt of $10,500 by eliminating education funding contribution of $2,700 and reducing discretionary expenses by $7,800. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Note:Implementation of this recommendation will also eliminate the annual credit card expenses of $1,250. However, there will be no change in the education funding balance of $2,750 in the balance sheet. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
What is the Net Worth before implementing recommendations?
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