Household Calculation - 20261

Solution Posted by
studentlance

studentlance

Rating : (5)F
Solution Detail
Price: $4.00
  • From: Business,
  • Posted on: Sun 28 Jul, 2013
  • Request id: None
  • Purchased: 0 time(s)
  • Average Rating: No rating
Request Description

:

The following data pertains to the household of Mary and John at the end of the year:

 

Assets

Liabilities

House

$250,000

Mortgage loan

$200,000

Stocks and bonds

40,000

Credit card debt

10,000

Money

2,000

Car loan

5,000

Furniture

5,000

  

Car

13,000

  

Savings account

5,000

  

1.         Calculate the sum of real assets and financial assets and total assets of the household.

2.         Calculate the total liabilities and the net worth of the household.

 

 

Solution Description

financial assets = 47,000

Attachments
Household   Calculation.docx
Household Cal...