Construct a Personal Balance Sheet from the Following Information

question 86

Essay

Construct a personal balance sheet from the following information.Be sure the format is correct.(Show all work.)
$$\begin{array} { l r } \text { Cash on hand } & \$ 75 \\\text { Bank credit card balance } & 1,200 \\\text { Utility bill (over due) } & 100 \\\text { Auto loan balance } & 3,500 \\\text { Mortgage } & 75,000 \\\text { Primary residence } & 105,000 \\\text { Jewelry } & 2,000 \\\text { Stocks } & 17,500 \\\text { Coin collection } & 2,500 \\\text { 2001 Toyota } & 7,500\end{array}$$

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Definitions:

Optimal Number

The most favorable quantity or amount that yields the best outcome for a specific objective under given conditions.

Expected Number

An average or most probable value calculated based on statistical analysis or probability theory.

Supply Chain Management

The oversight of materials, information, and finances as they move from supplier to manufacturer to wholesaler to retailer to consumer, aiming to streamline a business’s supply-side activities to maximize customer value and gain a competitive advantage in the marketplace.

Loss Incurred

Refers to a financial deficit that results from a business operation, transaction, or other activities.