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MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
1. The Hamilton household has $145,000 in assets and $63,000 in liabilities. What is the family’s net worth?
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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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