What are Cyndi’s total assets and total liabilities based on her assets and liabilities record?(1 point)
Assets Value
Car $7,500
Computer $500
Savings account $5,450
Crypto collection $5,000
Total Assets $
Liabilities Balance Owed
Car Loan $2,000
Credit card balance $200
Total Liabilities $
Based on the given information, Cyndi's total assets can be calculated as the sum of the values of her car, computer, savings account, and crypto collection:
Total Assets = $7,500 + $500 + $5,450 + $5,000 = $18,450
Similarly, her total liabilities can be calculated as the sum of the balance owed on her car loan and credit card:
Total Liabilities = $2,000 + $200 = $2,200
To complete Cyndi's assets and liabilities record based on the given information:
Assets:
Car - $17,500
Computer - $800
Savings account - $500
Total Assets - $18,800
Liabilities:
Car loan - $1,200
Credit card balance - $300
Total Liabilities - $1,500
To calculate the total value of assets, total balance of liabilities, and net worth based on the given information:
Total Assets = $4,500 + $1,200 + $450 = $6,150
Total Liabilities = $3,000 + $1,000 = $4,000
Net Worth = Total Assets - Total Liabilities = $6,150 - $4,000 = $2,150
Your client has a car worth $17,500, a computer worth $800, and a savings of $500. She has a car loan for $1,200 and a credit card balance of $300. How would you finish creating her assets and liabilities record based on this information?(2 points)
Assets Value
Car $17,500
Computer $800
Savings account $
Total Assets $
Liabilities Balance Owed
Car loan $
Credit card balance $300
Total Liabilities $
Constructing the table, what are the total value of assets, total balance of liabilities, and net worth?(2 points)
Assets Value
Car $4,500
Computer $1,200
Savings account $450
Total Assets $
Liabilities Balance Owed
Car loan $3,000
Credit card balance $1,000
Total Liabilities $
Net Worth $