The difficulty of converting savings and investment to cash is referred as The d
ID: 2822006 • Letter: T
Question
The difficulty of converting savings and investment to cash is referred as The difficulty of converting savings and investment to cash is referred as SONAL FINANCIAL PLANNING ions Dropbox Quizzes Checklist Grades More Tools Resources 0:53:58 Preston Smith: Attempt1 Save Question 52 (4 points) Which of the following situations describes a person who could be insolvent? a) Liabilities $45.700; net worth $8,100 b) Assets $78,700: net worth $24.100 c) Assets $40.700: liabilities $47.100 d) Annual cash inflows $45,700: iabilities $52.100 e) Assets s56.700: annual expenses $62.100 Save Question 53 4 ponExplanation / Answer
A person is considered to be insolvent whenever he is unable to repay his liabilities. So, the situation is whenver his liabilities are more than assets then he cannot repay his liabilities by liquidating his assets.
Answer: Assets $40, Liabilities $52.1