Which of the following amounts would be included on the right side of your balance sheet? a- the amount of parking tickets you owe to the city of Rochester b- the amount of cash owned by you c- the value of a car owned by you d- savings bonds given to you for your 5th birthday
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Which of the following amounts would be included on the right side of your
a- the amount of parking tickets you owe to the city of Rochester
b- the amount of cash owned by you
c- the value of a car owned by you
d- savings bonds given to you for your 5th birthday
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- 7Determine if an asset, liability, cash inflow, or cash outflow:Preparing personal balance sheet Use Worksheet 2.1. Sadie Richardson’s banker has asked her to submit a personal balance sheet as of June 30, 2020, in support of an application for a $3,000 home improvement loan. She comes to you for help in preparing it. So far, she has made the following list of her assets and liabilities as of June 30, 2020: Cash on hand $ 70 Balance in checking account 180 Balance in money market deposit account with Southwest Savings 690 Bills outstanding: Telephone $ 20 Electricity 70 Charge account balance 190 Visa 180 MasterCard 220 Taxes 400 Insurance 220 1,300 Condo and property 69,000 Condo mortgage loan 54,000 Automobile: 2015 Honda Civic 12,000 Installment loan balances: Auto loans 3,000 Furniture loan 500 3,500 Personal property: Furniture 1,050 Clothing 900 1,950 Investments:…
- Construct a statement of financial position (balance sheet) for theHumperdinck family using the following information: cash, $50; checkingaccount, $2,500; student loan balance, $6,000; stocks and bonds, $2,600;savings account, $5,850; residence, $110,000; automobile, $12,000; savingsaccount, $5,800; automobile loan balance, $12,000; 401(k) retirementaccount, $15,000; furniture, clothing, jewelry, $8,000; credit card balance,$4,000; and mortgage loan balance, $99,000.Based of the given image fill in the chart with the amount you would use or have.Checking account $750 Automabile (ourent vale) S,950 House (ourrent value) $92,500 Savings account Investments $1,350 $4.000 $107,550 Total Assets Liabilities Credit card debt $3,800 $15,750 Student loans Personal loans $975 Total Liabilities $20,525 Besed on the information in the table, what is Emily's net worth? OA S107,550 OB S7,025 .C. s20,525
- Use the information presented in Southwestern Mutual Bank's balance sheet to answer the following questions. Bank's Balance Sheet Assets Liabilities and Owners' Equity Reserves $200 Deposits $1,600 Loans $800 Debt $250 Securities $1,000 Capital (owners' equity) $150 Suppose a new customer adds $100 to his account at Southwestern Mutual Bank, which the owners of the bank then use to make $100 worth of new loans. This would increase the loans account and increase the debt account. This would also bring the leverage ratio from its initial value of to a new value of Which of the following is true of the capital requirement? Check all that apply. Its intended goal is to protect the interests of the depositors. Its intended goal is to protect the interests of those who hold equity in the bank. It specifies a minimum leverage ratio for all banks.1. Interest paid on interest invested is called _____ interest.? 2. In the ______ , a balance is calculated at the end of each day, incorporating any purchases, credits, or payments that were made that day.? 3. If you deposit a sum of money P in a savings account or if you borrow a sum of money P from a lender, then P is referred to as the ______? 4. ____a debt means that the debt is retired in a given length of time by equal periodic payments that include compound interest.? 5. An _____ is a sequence of equal period payments. If payments are made at the end of each time interval, the annuity is called an _______? 6. The ____ of an annuity is the sum of all payments plus all interest earned? 7. The frequency that interest is computed and added to the balance is called the ____. The rate per compounding period is found by _____?.Assets 1. A $100 bill 2. The funds in a savings account 3. A painting you own 4. A bond issued by a publicly traded company Select the assets in order of their liquidity, from most liquid to least liquid. Most Liquid Second-Most Liquid Third-Most Liquid Least Liquid Asset
- Give typing answer otherwise I'll give you downwardased on these items, what is the total of the (a) liquid assets and (b) current liabilities? Checking account balance $ 935 Savings account balance $ 3,425 Retirement account balance 58,500 Current student loan payment due 370 Credit card balance 192 Investment account balance 9,500 Rare jewelry 600 Mortgage 185,500Choose best option.
