Question 1 the hamilton household has 145000 in assets and, Ask an Expert

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Question: 1. The Hamilton household has $145,000 in assets and $63,000 in liabilities. What is the family's net worth?

2. Harold Daley budgeted $210 for food for the month of July. He spent $227 on food during July. Does he have a budget surplus or deficit, and what amount?

3. Net worth is determined by assets ($145,000) minus liabilities ($63,000), resulting in a net worth of $82,000.

4. The budget deficit of $17 is calculated by subtracting the actual spending ($227) from the budgeted amount ($210).

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Basic Finance, Finance

Category:- Basic Finance
Reference No.:- M92294594

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