Overhaulin'

awwwwwwwwwww!!!!!!!! I need geniuses!!?

Tameka Taylor owns a home worth $93,000, a car worth $65,00, and furniture worth $2600. Her checking account has a $550 balance. She also has a $45,000 mortagage. $2500 car loan payment, and $3000 due on her credit card account. She also just inherited a ring worth $400. (A) Prepare a balance sheet for Tameka (B) calculate her net worth THANK YOU SOOOOOOO MUCH!!!!!!

Public Comments

1. you lazy ass
2. Add everything she owns including her bank account and the inherited ring which are her assets. Subtract everthing she owes from the total assets to get her net worth. Surely you can do the math.
3. assets = 103050 liabilities = 47800 equity (networth) = 55250
4. Assets: Checking $ 550 Jewelry $ 400 Furniture $ 2,600 Car $ 6,500 Home $ 93,000 Total Assets $103,050 Liabilities Credit Card $ 3,000 Car Loan $ 2,500 Mortgage $ 45,000 Total Liab. $ 50,500 Net Worth = $103050 - $50,500 = $52,550 And... You should be doing your OWN homework!