Use the following items to determine the total assets, total liabilities, net worth, total cash inflows, and total cash outflows. Rent for the month $ 1,650 Monthly take - home salary $ 3, 185 Spending for food $ 845 Cash in checking account $ 650 Savings account balance $ 2,090 Balance of educational loan $ 3,360 Current value of automobile $ 9,300 Telephone bill paid for month $ 165 Credit card balance $ 335 Loan payment $ 280 Auto insurance $ 430 Household possessions $ 5,400 Video equipment $ 2,850 Payment for electricity S 190 Lunches/parking at work $ 280 Donations $ 360 Personal computer $ 2,200 Value of stock investment $ 1,360 Clothing purchase $ 210 Restaurant spending $ 230
Use the following items to determine the total assets, total liabilities, net worth, total cash inflows, and total cash outflows. Rent for the month $ 1,650 Monthly take - home salary $ 3, 185 Spending for food $ 845 Cash in checking account $ 650 Savings account balance $ 2,090 Balance of educational loan $ 3,360 Current value of automobile $ 9,300 Telephone bill paid for month $ 165 Credit card balance $ 335 Loan payment $ 280 Auto insurance $ 430 Household possessions $ 5,400 Video equipment $ 2,850 Payment for electricity S 190 Lunches/parking at work $ 280 Donations $ 360 Personal computer $ 2,200 Value of stock investment $ 1,360 Clothing purchase $ 210 Restaurant spending $ 230
Survey of Accounting (Accounting I)
8th Edition
ISBN:9781305961883
Author:Carl Warren
Publisher:Carl Warren
Chapter5: Internal Control And Cash
Section: Chapter Questions
Problem 5.2.3MBA: Ratio of cash to monthly cash expenses Pacira Pharmaceuticals Inc. (PCRX) Develops, produces, and...
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