Hey class mates,
Today we started the class off with mental math. After mental math we dicussed and went over the Bob and Carol question using the Statement of Net Worth spread sheet found in our applied math folder. Their total liabilities is $133,500, the net worth $115,500and the debt equity ratio is 29.00433. If Bob and Carol are in their 20's or 30's they are doing very well and if they are in their 50's or 60's then they would be doing not so well. We got a definition of liquidity which is the relative ease of converson to cash without loss of principal. We were assigned 2 questions from the personal finance review booklet ( #3 Maila and #6 Ralph ) they are both due for Monday. Use TVM solver or Excel. Tommorrow Mr. Max wont be here so you can work on these questions or work on the old exams for practice.
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