Jennifer ontesso wants to better understand her financial situation. Use the fol

Question

Jennifer ontesso wants to better understand her financial
situation. Use the following balance sheet and cashflow statement information to determine her net worth
and her net surplus for a recent month. Liquid assets:
$10,000; home value: $210,000; monthly mortgage
payment: $1300 on $170,000 mortgage; investment
assets: $90,000; personal property: $20,000;
total assets: $330,000; short-term debt:
$5500 ($250 a month); total debt:
$175,500; monthly gross income:
$9000; monthly disposable income:
$6800; monthly expenses: $6000.

Explanation / Answer

Total Asset(A) 330000 Total Debt(B) 175000 Monthly Disposable Income

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