a. $171,900b. $98,000c. $2,050d. $27,800e. $66,800 Chloe Jones has determined the following information about her own financial situation. Her checking account is worth $850and her savings account is worth $1,200. She owns her own home that has a market value of $98,000. She has furniture andappliances worth $12,000 and a home computer and laptop worth $3,300. She has a car worth $12,500. She has recentlypurchased a mutual fund worth $4,500 and she has a retirement account worth $62,300. What is the value of her investmentassets?

Checking account balance=$850Saving Account=$1,200Market value of…

Answered: Chloe Jones has determined the…

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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Patricia McDonald has determined the following information about her own financial situation. Her checking account is worth $650 and her savings account is worth $1,400. She owns her own home that has a market value of $100,000. She has furniture and appliances worth $14,000 and a laptop worth $3,400. She has a car worth $9,500 and owes $8000 on her auto loan. She has also purchased some stock worth $5,300 and she has a retirement account worth $37,000. What is the total value of her assets? Multiple Choice $171,250 $172,650 $100,000 $172,000 $170,600 C
Ted owns a Lexus worth $49,800. He owns a home worth $297,000. He has a checking account with $880 in it and a savings account with $1,810 in it. He has a mutual fund worth $92,160. His personal assets are worth $87,870. He still owes $29,690 on his car and $139,270 on his home, and he has a balance on his credit card of $1,480. What is Ted’s net worth?
Jordan Harris owns a vehicle worth $ 20,000 and a home worth $230,000. He has a checking account balance of $1,000, a savings account balance of $1,000, and a mutual fund worth $ 75,000. His personal assets are worth $100,000. He still owes $ 10,000 on his car, $101,000 on his home, and $1,000 on his credit card. What is Jordan's net worth? Multiple Choice $538, 000 $427,000 $315,000 $112,000 $136, 000
Ted Riley owns a vehicle worth $38,000 and a home worth $340,000. He has a checking account balance of $700, a savings account balance of $2,100, and a mutual fund worth $84,000. His personal assets are worth $70,000. He still owes $19,000 on his car, $100,000 on his home, and $1,200 on his credit card. What is Ted's net worth? Multiple Choice $655,000 $534,800 $414,600 $120,200 None of the above is correct.
Ted owns a car worth $40,000. Owns home worth $275,000, Checking acct with $800, Saving Acct with $1,900, mutual fund worth $110,000. Personal assets worth $90,000. He still owes $25,000 on his car and $150,000 on his home, and has balance on credit card of $1,600. What's Ted net worth?
Jennifer has the transactions below, what is the combined impact on her net worth when considering all of the transactions? She purchases $5,000 worth of a mutual fund with cash from her savings account. She spends $6,000 on a two-week vacation to Italy using funds in her money market account. She purchases $10,000 worth of furniture for her house and uses her credit card to finance the purchase. A. $21,000 decrease in net worth B. $6,000 decrease in net worth C. $15,000 increase in net worth D. $6,000 increase in net worth
Robert owns a $190,000 town house and still has an unpaid mortgage of $142,000. In addition to his mortgage, he has the following liabilities: Liabilities Visa $ 637 MasterCard 517 Discover card 483 Education loan 994 Personal bank loan 892 Auto loan 4,580 Total $ 8,103 Robert’s net worth (not including his home) is about $30,400. This equity is in mutual funds, an automobile, a coin collection, furniture, and other personal property. (a) What is Robert’s debt-to-equity ratio? Im not sure how to round the answer to 2 decimal places. (b) Has he reached the upper limit of debt obligations? yes or no?
Robert owns a $140,000 townhouse and still has an unpaid mortgage of $110,000. In addition to his mortgage, he has the following liabilities: Visa $565 MasterCard 480 Discover card 395 Education loan 920 Personal bank loan 800 Auto loan 4,250 Total $7,410 Robert’s net worth (not including his home) is about $21,000. This equity is in mutual funds, an automobile, a coin collection, furniture, and other personal property. What is Robert’s debt-to-equity ratio? Has he reached the upper limit of debt obligations? Explain
Robert Sampson owns a townhouse valued at $140,000 and still has an unpaid mortgage of $110,000. In addition to his mortgage, he has the following liabilities: Visa MasterCard Discover card Education loan Personal bank loan Auto loan Total $ 565 480 395 920 800 4,250 $7,410 Robert's net worth (not including his home) is about $21,000. This equity is in mutual funds, an automobile, a coin collection, furniture, and other personal property. a. What is Robert's debt-to-equity ratio? (Round your answer to 2 decimal places.) Debt-to-equity ratio b. Has he reached the upper limit of debt obligations? Yes No
Gabrielle owns the following major assets: $280,000 house, $10,000 car, $70,000 in a Roth IRA, and $20,000 in a savings account. She owes $70,000 on her mortgage, the car is paid off, and she does have not credit card debt. Gabrielle is 32 years old and makes $67,000 a year as a professional photographer & Web designer. Calculate her net worth. O $310,000 O $140,000 O $280,000 O $377,000
Suppose that David's only assets are an automobile worth $10,000 and a checking account with a $5,000 balance. His only liabilities are a student loan balance of $12,000 and a balance of $9,000 on his car loan. What is his net worth?
Shelly's assets include checking & savings acct, stocks, household property, coin collection. Shelly calculates that her total assets are $165,200. Her current unpaid bills include auto loan, credit balance, taxes, total $21,300. Calculate her net worth.

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