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9. Based on the following data, compute the total assets, total
liabilities, and net worth.
Liquid assets, $3,670 Household assets, $89,890
Investment assets, $8,340 Long-term liabilities, $76,230
Current liabilities, $2,670
10. Which of the following employee benefits has the greater value?
Use the formula given in the “Financial Planning Calculations” box
on page 56 to compare these benefits. (Assume a 28 percent tax rate.)
A nontaxable pension contribution of $4,300 or the use of a company
car with a taxable value of $6,325.
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BUSN 380 Week 1 Quiz Set 1

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BUSN 380 Week 1 Quiz Set 1
Question 1. Question : (TCO 1) When a person faces a trade-off and
must give up something by making a choice,
this is referred to as
taking out a loan.
opportunity cost.