10-4: Cash Flow & Budgeting

If a person has $300,000 in assets and $100,000 in liabilities, what is their net worth?

• $400,000

• $300,000

• $200,000

• $100,000

Tags

CCSS.6.NS.C.5

If a person has $225,000 in liabilities and $230,000 in assets, what is their net worth?

• $5,000

• -$5,000

• $225,000

• $230,000

• $455,000

Tags

CCSS.7.NS.A.1A

Bob's assets are his home worth $145,000; his car worth $13,500; his boat worth $7,250; his truck worth $27,500; and his camper worth $4,250. His liabilities are his $32,500 in student loan debt; his $9,250 in credit card debt; and the $105,000 he still owes on his house. What is his net worth?

• $197,500

• $146,750

• $75,050

• $50,750

Tags

CCSS.7.EE.B.3

Jane's home is worth $75,250, her car is worth $5,050, and she has $12,350 in the bank. However, she has $9,000 in student loan debt and $1,025 in credit card debt. While her car is paid off, she still owes $32,500 on her house. What is her net worth?

• $42,525

• $49,255

• $50,125

• $92,650

Tags

CCSS.7.EE.B.3

Which of the following is the best description of the meaning of "net worth?"

• How much money is in someone's bank account

• A ratio of monthly expenses to monthly gross income

• The difference between what a person owns and what they owe

• How much someone owes in credit card debt

Tags

CCSS.6.RP.A.3B

According to the Guided Notes on Edpuzzle, what is the ideal debt-to-income ratio?

• 15% and under

• 20% and under

• 25% and under

• 30% and under

• 35% and under

Tags

CCSS.6.RP.A.3B

Which of the following is the best description of the meaning of "debt-to-income ratio?"

• How much money is in someone's bank account

• A ratio of monthly expenses to monthly gross income

• The difference between what a person owns and what they owe

• How much someone owes in credit card debt

Tags

CCSS.6.RP.A.3B

Ryan has monthly bills totaling $3,250. His monthly gross earnings are $4,150. What is his debt-to-income ratio, to the nearest tenth of a percent?

• 78.1%

• 78.2%

• 78.3%

• 78.4%

• 78.5%

Tags

CCSS.6.RP.A.3C

Elizabeth's gross monthly earnings are $5,000. She has monthly bills totaling $3,000. What is her debt-to-income ratio?

• 50%

• 60%

• 70%

• 80%

• 90%

Tags

CCSS.6.RP.A.3C

Margaret pays $725 in rent; $125 in utilities; $100 in student loan payments; and $75 to her credit card company each month. Her gross monthly paycheck is $2,950. What is her debt-to-income ratio, to the nearest tenth of a percent?

• 34.3%

• 34.4%

• 34.5%

• 34.6%

• 34.7%

Tags

CCSS.7.RP.A.3