1. Business
  2. Finance
  3. which of the following is terrys cash surplusdeficit 13800...

Question: which of the following is terrys cash surplusdeficit 13800...

Question details

QUESTIONS 1-3 GO WITH THE FOLLOWING: Terry Dactal has compiled the financial information displayed below. Which of the following is Terrys net worth? $8,600 $8,450 $8,500 $14,300 $40,900 Salaries $72,400 Credit Card Balance Cash on Had 1,500 Utilities paid to date Coin Collection $2,350 Jewelry value Home value $335,000 Auto loan balance Stock Portfolio $18,500 value 1967 Ford Mustang value Grocery Expenses $7,550 Checking account $3,200 Mortgage Balance $278,600 Property Taxes owed $1,750 Mortgage loan payments made $19,500 New York vacatiorn expenses paid Income taxes paid-to-date Student loan balance $26,200 Auto loan payments $4,200 paid $6,600 Clothing/entertainment expense Insurance premiums paid $9,100 $5,000 Interest earned $400 $5,500 O $ 80,500 O $ 100,400 O $ 89,200 O $ 94,400

Which of the following is Terry's cash surplus/deficit?

$ 13,800

$6,900

$ 7,100

$10,500

If Terry had a solvency ratio of 42% the previous year, which of the following statements is correct?

there is a slight improvement from the previous year

there is a drastic improvement from the previous year

there is a slight decline from the previous year

there is a drastic decline from the previous year

Solution by an expert tutor
Blurred Solution
This question has been solved
Subscribe to see this solution