3 Mandy has determined the followinginformation about her own financial situation.Her checking account is worth RM850 andher savings account is worth RM1,200. Sheowns her own home that has a market valueof RM98,000. She has furniture andappliances worth RM12,000 and a homecomputer and laptop worth RM3,300. Shehas a motorcycle worth RM12,500 and owesRM7,800 on her auto loan. She has alsopurchased some stock worth RM5,500 andshe has a retirement account worthRM38,550. What is the total value of herassets?а.RM27,800b.RM44,050С.RM98,000d.RM171,900

Total value of the assets is the sum of the value of the all assets. Hence, all assets need to be…

Answered: Mandy has determined the following…

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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Jordan Harris owns a vehicle worth $ 20,000 and a home worth $230,000. He has a checking account balance of $1,000, a savings account balance of $1,000, and a mutual fund worth $ 75,000. His personal assets are worth $100,000. He still owes $ 10,000 on his car, $101,000 on his home, and $1,000 on his credit card. What is Jordan's net worth? Multiple Choice $538, 000 $427,000 $315,000 $112,000 $136, 000
Ted Riley owns a vehicle worth $38,000 and a home worth $340,000. He has a checking account balance of $700, a savings account balance of $2,100, and a mutual fund worth $84,000. His personal assets are worth $70,000. He still owes $19,000 on his car, $100,000 on his home, and $1,200 on his credit card. What is Ted's net worth? Multiple Choice $655,000 $534,800 $414,600 $120,200 None of the above is correct.
Ted owns a Lexus worth $49,800. He owns a home worth $297,000. He has a checking account with $880 in it and a savings account with $1,810 in it. He has a mutual fund worth $92,160. His personal assets are worth $87,870. He still owes $29,690 on his car and $139,270 on his home, and he has a balance on his credit card of $1,480. What is Ted’s net worth?
Jennifer has the transactions below, what is the combined impact on her net worth when considering all of the transactions? She purchases $5,000 worth of a mutual fund with cash from her savings account. She spends $6,000 on a two-week vacation to Italy using funds in her money market account. She purchases $10,000 worth of furniture for her house and uses her credit card to finance the purchase. A. $21,000 decrease in net worth B. $6,000 decrease in net worth C. $15,000 increase in net worth D. $6,000 increase in net worth
Ted owns a car worth $40,000. Owns home worth $275,000, Checking acct with $800, Saving Acct with $1,900, mutual fund worth $110,000. Personal assets worth $90,000. He still owes $25,000 on his car and $150,000 on his home, and has balance on credit card of $1,600. What's Ted net worth?
Ted owns a Lexus worth $44,100. He owns a home worth $275,000. He has a checking account with $740 in it and a savings account with $1,720 in it. He has a mutual fund worth $88,350. His personal assets are worth $103,650. He still owes $30,890 on his car and $149,600 on his home, and he has a balance on his credit card of $1,190. What is Ted's net worth? Net worth
Suppose that David's only assets are an automobile worth $10,000 and a checking account with a $5,000 balance. His only liabilities are a student loan balance of $12,000 and a balance of $9,000 on his car loan. What is his net worth?
Ted Riley owns a Lexus worth $42,000. He owns a home worth $320,000. He has a checking account with $500 in it and a savings account with $2,400 in it. He has a mutual fund worth $114,000. His personal assets are worth $94,000. He still owes $21,300 on his car and $192,000 on his home, and he has a balance on his credit card of $2,100. What is Ted’s net worth?
Kim Jae-Yun owns a condo worth $270,000, a car valued at $30,500, and miscellaneous assets worth $15,500. She owes $179,000 on the condo and $11,000 on the car and has no other debts. Her retirement account, in which she is fully vested, contains $34,500 in mutual funds. She was just insured with a $680,000 term life insurance policy. What are her total assets?
Shelly's assets include checking & savings acct, stocks, household property, coin collection. Shelly calculates that her total assets are $165,200. Her current unpaid bills include auto loan, credit balance, taxes, total $21,300. Calculate her net worth.
Gabrielle owns the following major assets: $280,000 house, $10,000 car, $70,000 in a Roth IRA, and $20,000 in a savings account. She owes $70,000 on her mortgage, the car is paid off, and she does have not credit card debt. Gabrielle is 32 years old and makes $67,000 a year as a professional photographer & Web designer. Calculate her net worth. O $310,000 O $140,000 O $280,000 O $377,000
Lileth Adriano, who plans to go abroad, is selling her mini-donut business. Her friend, Benita Solido is interested to buy it but can only afford to pay P350,000. The following are the assets of Adriano’s business: a. How much is the net worth assuming there is a mortgage note of P150,000 attached to the equipment? b. Will Benita Solido be able to afford to buy the business? c. Make the entry in the books of Benita. Book Value Market Value Equipment (net of accumulated depreciation of P25,000) P350,000 P300,000 Furniture and Fixtures (net of accumulated depreciation of P5,000) 75,000 50,000 Raw Materials 35,000 25,000 Franchise Right 150,000 100,000 Total P610,000 P475,

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