question 7 3 pts a budget is a detailed financial forecast. set of personal financial objectives. line of…

question 7 3 pts a budget is a detailed financial forecast. set of personal financial objectives. line of credit. financial statement. purchase plan. question 8 3 pts if your ____, your net worth on the balance sheet would have increased from one period to the next. liabilities increased and assets remained constant liabilities increased and assets decreased income increased assets increased and liabilities remain constant none of these

question 7 3 pts a budget is a detailed financial forecast. set of personal financial objectives. line of credit. financial statement. purchase plan. question 8 3 pts if your ____, your net worth on the balance sheet would have increased from one period to the next. liabilities increased and assets remained constant liabilities increased and assets decreased income increased assets increased and liabilities remain constant none of these

Answer

Brief Explanations:

For Question 7, a budget is a detailed plan of expected income and expenses, which is a type of financial forecast. For Question 8, net - worth is calculated as assets minus liabilities (Net Worth = Assets - Liabilities). An increase in assets while liabilities remain constant will increase net - worth.

Answer:

Question 7: A. detailed financial forecast. Question 8: D. assets increased and liabilities remain constant