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Cash Flow and Budgetting

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

Use the above table to find this familieis average amount spent on groceries per month.
(This is probably for a family of 5).

Question 2
2.

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).

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.

Calculate Bob’s net worth.

Question 4
4.

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?

Question 5
5.

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.