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Cash Flow and Budgetting

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Last updated over 1 year ago
5 questions
1
1
1
1
1
Question 1
1.

Question 2
2.

Bob Forrester is retired and owns a home.
He has these assets and liabilities.

Use the following table to help you answer the following questions:
Question 3
3.

Question 4
4.

Question 5
5.

Use the above table to find this familieis average amount spent on groceries per month.
(This is probably for a family of 5).
740
800
785
820
Use the above table to find this familie's average amount spent on dining out per month.
(This is probably for a family of 5).
900
150
80
75
Calculate Bob’s net worth.
$763,740
$905,680
$141,940

Two years ago, Bob’s net worth was $650,000. Last year, his net worth as $740,500. What is the increase or decrease between two years ago and last year?
-$45,500
+$45,500
-$90,500
+$90,500
Marina’s monthly liabilities and
assets are as shown in the table.

Find Marina’s debt-to-
income ratio. Express that ratio as a percent.
21%
28%
62%
3.62%