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page:
1 pages/≈275 words
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0
Style:
APA
Subject:
Mathematics & Economics
Type:
Other (Not Listed)
Language:
English (U.S.)
Document:
MS Word
Date:
Total cost:
$ 4.32
Topic:
Calculating net worth
Other (Not Listed) Instructions:
Step 1: Create a list all your personal assets and liabilities. You should list all your personal assets and liabilities. You should list at least 3-5 assets and 3-5 liabilities. Make sure to note if your asset and liability is a long-term or short-term asset and liability.
Step 2: Once you have all your assets and liabilities listed and identified as long or short-term, determine the value of each asset and liability.
Step 3: Using the information from your textbook and the personal Net Worth information from the Charles Swab personal net worth webpage, calculate your personal net worth. The formula for calculating net worth is below:
Assets – Liabilities = Net Worth
View the Assignment 02 Walk-Through for a detailed, step-by-step video about how to complete this assignment. (Transcript)
https://online(dot)national(dot)edu/content/enforced/80561-202584%7eHA4200%7e01/flashServerVideos/LP2_Net_Worth.mp4
Please just create false assets and liabilities along with the amount.
Other (Not Listed) Sample Content Preview:
My Net Worth
Student Name
University
Course
Professor Name
Date
My Net Worth
My Assets and Liabilities
Assets Value
House- long-term$511,000
Car- long-term $42,000
Bed- long-term $165
Business equity- long-term $230,000
Cash- short-term $31,000
Inventory- short-term $103,000
Prepaid expense- short-term $1,100
Liabilities Value
Accrued expense- short-term $2,300
Accounts payable- sho...
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