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Use the following items to determine the total assets, total liabilities, net worth, total cash inflows,...

Use the following items to determine the total assets, total liabilities, net worth, total cash inflows, and total cash outflows.


  Rent for the month $ 1,200      Monthly take-home salary $ 2,735
  Spending for food $ 620      Cash in checking account $ 560
  Savings account balance $ 2,000      Balance of educational loan $ 2,820
  Current value of automobile $ 9,750      Telephone bill paid for month $ 120
  Credit card balance $ 290      Loan payment $ 190
  Auto insurance $ 340      Household possessions $ 4,500
  Video equipment $ 2,625      Payment for electricity $ 145
  Lunches/parking at work $ 235      Donations $ 270
  Personal computer $ 1,750      Value of stock investment $ 1,135
  Clothing purchase $ 165      Restaurant spending $ 185


a.   Total assets $   
b.   Total liabilities $   
c.   Net worth $   
d.   Total cash inflows $   
e.   Total cash outflows $   
Business   Finance   
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Answer #1

a. Total Assets

Savings account $2000

Current value of automobile $9750

Video Equipment $2625

Personal Computer $1750

Cash in checking account $560

Household possessions $4500

2835Stock investment $1135

Total= $22320

b. Total liabilities

Credit card balance $290

Balance of educational loan $2820

Total= $3110

c. Net worth= $19210

d. Total Cash inflows

Monthly take home salary $2735

Total= $2735

e. Total Cash outflows

Rent for the month $1200

Spending for food $620

Auto insurance $340

Lunches/Parking $235

Clothing $165

Telephone bill $120

Loan payment $190

Electricity $145

Donations $270

Restaurant $185

Total= $3470

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