f Joe and Mary Smith have money market accounts of $100,000, real estate holdings of $300,000, loans of $25,000, and investments of $10,000, what would their total assets be?
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- Ella and Aaron Martin together earn approximately $92,000 a year after taxes. Through an inheritance and some wise investing, they also have an investment portfolio with a value of almost $200,000. a. how much of annual income do you reccoment they hold in liquid savings as reserves? why? b. How much of their investment portfolio do you reccoment they hold in savings and other short term vehicles? Explain. c. How much, in total, should they hold in short term liquid assets? Determine the right amount of short term, liquid assets. (Explain.) (Explain.) How much in total in liquid assets: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 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.
- Ella and Aaron Martin together earn approximately $92,000 a year after taxes. Through an inheritance and some wise investing, they also have an investment portfolio with a value of almost $200,000. a. How much of their annual income do you recommend the Martins hold in some form of liquid savings as reserves? Explain. b. How much of their investment portfolio do you recommend they hold in savins and other short-term investment vehicles? Explain. c. How much, in total, should they hold in short-term liquid assets?A family has a net worth of $165,000 and liabilities of $176,000. What is the amount of their assets? Group of answer choices $11,000 $165,000 $176,000 $341,000 $506,000Jennifer 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
- 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, 000Fred’s net worth is shown in the table below. Assets are positive numbers and liabilities are negative numbers. If Fred’s net worth is $74,000 how much does he owe in credit card debt?Array intends to allocate her savings into various types of financial investments. She has $191,000 to invest in stocks, bonds, and mutual funds according to her chosen 13 8 1 ratio : 14 34 respectively. How much should she invest in each type of investment? Round your answers to the nearest dollar. Stocks: $ Bonds: $ Mutual Funds: $
- David has a total wealth of $50,000, which corresponds to 500 utils of happiness (i.e., David's utility from $50,000 of wealth is equal to 500). If David gets sick he will incur $30,000 in medical bills, leaving him with $20,000 of wealth and utility from wealth of 300 (i.e., David's utility from $20,000 of wealth is 300). Suppose that David has a 40% chance of getting sick. What is David's expected utility from wealth? (Note that expected utility from wealth is equivalent to expected utility over wealth.)Your grandfather left an inheritance for you of $100,000. However you can only drawdown on the investment as follows:What is an individual’s adjusted net worth if the personal financial statement lists total assets of $2,000,000 and total liabilities of $500,000? Additional assets include a 5% ownership in a real estate venture valued at $100,000; marketable securities of $40,000; cash surrender value of life insurance of $20,000 that is pledged against a policy loan; and a residence purchased one year ago and valued at $80,000 higher than the purchase price. $1,300,000 $1,500,000 $1,380,000 $1,400,000