Case study
p98929892
NetWorthPart11.xlsxSheet1
| NET WORTH STATEMENT | |||||||
| ASSETS | LIABILITIES | ||||||
| Cash/Cash Equivalents | Liabilities | ||||||
| Checking account | $ | 3,000 | Credit card balance | $ | 8,500 | ||
| Savings Account | 5,000 | Student Loan Debt | 30,000 | ||||
| Money Market Account | - 0 | Auto note balance | 18,000 | ||||
| Life Insurace Cash Value | 25,000 | Mortgage Balance | 250,000 | ||||
| Total Cash/Cash Equivalents | 33,000 | Total Liabilities | 306,500 | ||||
| Invested Assets | |||||||
| Brokerage Acct | 15,000 | ||||||
| Business | - 0 | ||||||
| IRAs | - 0 | ||||||
| 401k or Vested Pension | 50,000 | ||||||
| Total Invested Assets | 65,000 | TOTAL LIABILITIES | 306,500 | ||||
| Use Assets | |||||||
| Residence | 320,000 | NET WORTH | 126,500 | ||||
| Automobiles | 15,000 | ||||||
| Personal property | - 0 | ||||||
| Total Use Assets | 335,000 | ||||||
| TOTAL ASSETS | 433,000 | TOTAL LIABILITIES AND NET WORTH | 433,000 |
