Homework Help is Here – Start Your Trial Now!
Business
Economics
Step 5: to calculate your net worth. Determine whether your net worth is a surplus (positive number) or a deficit (negative number). Figure 7.4 Drawing up a Statement of Net Worth Activity 7.4 Alliyah has asked you to help her calculate her net worth. She has made a list of all the things in her room. Use this list to draw her Statement of Net Worth. up Alliyah's stuff Item (12) Bed Jacket MP3 player CDs Lamp Nike shoes Value R500 R1 000 R200 R200 R150 R500 R200 R1 000 Cellphone Computer Remember, a person's net worth can change daily depending on what that person does with his or her money. To keep with changes in your net worth, you can use a spreadsheet. up When you do a Statement of Net Worth, there are always two entries for each change. If Alliyah pays R50 for a CD, her bank balance will decrease by R50, and so will her net worth. Expenses decrease net worth. Income increases net worth.

Step 5: to calculate your net worth. Determine whether your net worth is a surplus (positive number) or a deficit (negative number). Figure 7.4 Drawing up a Statement of Net Worth Activity 7.4 Alliyah has asked you to help her calculate her net worth. She has made a list of all the things in her room. Use this list to draw her Statement of Net Worth. up Alliyah's stuff Item (12) Bed Jacket MP3 player CDs Lamp Nike shoes Value R500 R1 000 R200 R200 R150 R500 R200 R1 000 Cellphone Computer Remember, a person's net worth can change daily depending on what that person does with his or her money. To keep with changes in your net worth, you can use a spreadsheet. up When you do a Statement of Net Worth, there are always two entries for each change. If Alliyah pays R50 for a CD, her bank balance will decrease by R50, and so will her net worth. Expenses decrease net worth. Income increases net worth.

Principles of Economics 2e
Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter18: Public Economy
Section: Chapter Questions
Problem 6SCQ: Anastasia, Emma, and Greta are deciding what to do on a weekend getaway. They each suggest a first,...
See similar textbooks
icon
Related questions
Question
Step 5: to calculate your net worth. Determine whether your net worth is a surplus (positive number) or a deficit (negative number). Figure 7.4 Drawing up a Statement of Net Worth Activity 7.4 Alliyah has asked you to help her calculate her net worth. She has made a list of all the things in her room. Use this list to draw her Statement of Net Worth. up Alliyah's stuff Item (12) Bed Jacket MP3 player CDs Lamp Nike shoes Value R500 R1 000 R200 R200 R150 R500 R200 R1 000 Cellphone Computer Remember, a person's net worth can change daily depending on what that person does with his or her money. To keep with changes in your net worth, you can use a spreadsheet. up When you do a Statement of Net Worth, there are always two entries for each change. If Alliyah pays R50 for a CD, her bank balance will decrease by R50, and so will her net worth. Expenses decrease net worth. Income increases net worth.
Transcribed Image Text:Step 5: to calculate your net worth. Determine whether your net worth is a surplus (positive number) or a deficit (negative number). Figure 7.4 Drawing up a Statement of Net Worth Activity 7.4 Alliyah has asked you to help her calculate her net worth. She has made a list of all the things in her room. Use this list to draw her Statement of Net Worth. up Alliyah's stuff Item (12) Bed Jacket MP3 player CDs Lamp Nike shoes Value R500 R1 000 R200 R200 R150 R500 R200 R1 000 Cellphone Computer Remember, a person's net worth can change daily depending on what that person does with his or her money. To keep with changes in your net worth, you can use a spreadsheet. up When you do a Statement of Net Worth, there are always two entries for each change. If Alliyah pays R50 for a CD, her bank balance will decrease by R50, and so will her net worth. Expenses decrease net worth. Income increases net worth.
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Principles of Economics 2e
Principles of Economics 2e
Economics
ISBN:
9781947172364
Author:
Steven A. Greenlaw; David Shapiro
Publisher:
OpenStax
Exploring Economics
Exploring Economics
Economics
ISBN:
9781544336329
Author:
Robert L. Sexton
Publisher:
SAGE Publications, Inc
Economics Today and Tomorrow, Student Edition
Economics Today and Tomorrow, Student Edition
Economics
ISBN:
9780078747663
Author:
McGraw-Hill
Publisher:
Glencoe/McGraw-Hill School Pub Co
SEE MORE TEXTBOOKS