Feb 18 2009
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Net worth is calculated by taking total assets and subtracting total liabilities. Assets include things owned that have monetary value, and are classified as liquid, semi-liquid, or non-liquid depending on how easily they can be converted to cash. Liabilities are amounts owed, and include short-term debt that should be paid off within a year, and long-term debt used to finance long-term investments. Sheenqui meets with her financial advisor to determine her net worth based on her home worth $210,000 with a $152,000 mortgage, $35,000 in RRSPs, $734 in her chequing account but owing $12,500 on her credit card, and a $15
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বিসিএস ও ব্যাংক এর লিখিত পরীক্ষা ...+এছাড়া মাধ্যমিক ও উচ্চমাধ্যমিকের স্টুডেন্টদের জন্য অনেক কাজে আসবে ...
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Date: May 29, 2024
Tags: Information Security, ISO/IEC 27001, ISO/IEC 42001, Artificial Intelligence, GDPR
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- 4. Semiliquid assets: assets that can be converted to cash, but not immediately. usually some type of long term investment.
- 5. NonLiquid assets: assets that can not readily be converted to cash. usually some type of property that must be sold in some manner
- 6. Liabilities: what you owe Shortterm debt should be paid off within a 12 month period typically credit cards, and small loans
- 7. Longterm debt debt used to finance longterm investments like real estate, or major personal assets like your residence.
- 12. ***
- 13. *** DebtEquity Ratio should not exceed 50% of Net Worth.