Copy of PF U10 Lesson #5 - Determining Net Worth Activity (5/21/2025)

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Answer the questions and turn in the assignment when you are done.

Untitled Section 1

Kylie plans to go to Europe next summer with her family. She probably will be able to save enough money by working all year at her part-time job. However, she is prepared to sell some of her possessions if necessary, so she has made a list of her possessions. Help Kylie determine which of the following are assets or liabilities and help her compute her net worth.

Decide whether each is an asset or a liability.

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Copy of PF U10 Lesson #5 - Determining Net Worth Activity (5/21/2025)

Copy of PF U10 Lesson #5 - Determining Net Worth Activity (5/21/2025)

Checking Account

Cash

Toyota Prius

Makeup

Car Loan

Cell Phone Bill

Saving Account

Mac Computer

Smartwatch

Netflix Membership

Savings Bond

What would be an example of a liquid asset?

Calculate the total of her assets.

Calculate the total of her current liabilities.

Calculate Kylie's net worth.

What would be an example of a long-term liability?

Checking Account

Cash

Toyota Prius

Makeup

Car Loan

Cell Phone Bill

Saving Account

Mac Computer

Smartwatch

Netflix Membership

Savings Bond

What would be an example of a liquid asset?

Calculate the total of her assets.

Calculate the total of her current liabilities.

Calculate Kylie's net worth.

What would be an example of a long-term liability?