Classify each $ amount as an asset or a liability.
Assets
Liabilities
Checking Account $2,540
Investments $6,000
Credit-Card Debt -$800
Student Loans -$1,500
Savings $200
Car (Present Value) $3,200
1 point
1
Question 2
2.
Mr. Elliot is meeting with a financial planner. He brings the following information in order to create a net worth statement. Drag the items to the correct Section.
$8,740
$11,940
-$2,300
-$5,500
$9,640
-$9,640
$6,440
-$6,440
What is the total for Assets?
What is the total for Liabilities?
What is the Net Worth?
1 point
1
Question 3
3.
Kayla wants to buy a gift for her parents. It is $50.75 and is 20% off.
What is the new price that Kayla can expect after the discount?
1 point
1
Question 4
4.
A local service technician charges $149 for repairs and a 7% sales tax.
How much is the tax for these charges? __________
How much is the total cost of these charges?__________
1 point
1
Question 5
5.
A budget is shown below:
What percent of the budget is allocated to savings?
*Make sure to put the sign
1 point
1
Question 6
6.
Jameson is seeking a loan with a simple interest of 3% per year. If he wants to borrow $8,000, then how much will he be charged in INTEREST the next 4 years?