Planit:Assets and Liabilities Exercise Answer Key

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Canada English

Question Walter and Alice have revealed a summary of their current financial situation in order to begin the investment management process. Alice currently has $65,000 in her RRSP accounts, and Walter has $200,000 in some LIF and LRIF accounts. They jointly own $130,000 in a Brokerage Account and Open Investment Account. They bought a house years ago that is now valued at $400,000. They have also accumulated other personal affects worth $50,000. What is the value of their Net Investment Assets? $______ Answer On the Assets and Liabilities screen, the clients’ holdings will only be entered at the summary level. So, from what they told us of their assets, we can: 1. Enter the $200,000 value of Walter’s LIF and LRIF accounts under the Walter’s LIF and LRIF accounts 2. Enter the value of the joint non-registered investments $130,000 under the Brokerage Account and Open Investment Account 3. Enter the $65,000 value of Alice’s RRSP under the Alice’s RRSP account. 4. Enter the total value of their personal use assets under Personal Use non-registered investments. So the value of the house $400,000 the other assets $50,000. 5. Click Calculate Their Net Investment Assets should total $845,000

United States of America

Question Walter and Alice have revealed a summary of their current financial situation in order to begin the investment management process. Alice currently has $65,000 in her Qualifying Investment Account accounts, and Walter has $200,000 in some Qualifying Investment Account. They jointly own $130,000 in a Brokerage Account and Open Investment Account. They bought a house years ago that is now valued at $400,000. They have also accumulated other personal affects worth $50,000. What is the value of their Net Investment Assets? $______ Answer On the Assets and Liabilities screen, the clients’ holdings will only be entered at the summary level. So, from what they told us of their assets, we can: 1. Enter the $200,000 value of Walter’s Qualifying Investment Account under the Walter’s Qualifying Investment Account 2. Enter the value of the joint non-registered investments $130,000 under the Brokerage Account and Open Investment Account 3. Enter the $65,000 value of Alice’s Qualifying Investment Account under the Alice’s Qualifying Investment Account account. 4. Enter the total value of their personal use assets under Personal Use non-registered investments. So the value of the house $400,000 the other assets $50,000. 5. Click Calculate Their Net Investment Assets should total $845,000

Argentina

Question Walter and Alice have revealed a summary of their current financial situation in order to begin the investment management process. Alice currently has $250 000 in her AFJP accounts, and Walter has $750 000 in some AFJP. They jointly own $500 000 in a Brokerage Account and Open Investment Account. They bought a house years ago that is now valued at $1 500 000. They have also accumulated other personal affects worth $200 000. What is the value of their Net Investment Assets? $______ Answer On the Assets and Liabilities screen, the clients’ holdings will only be entered at the summary level. So, from what they told us of their assets, we can: 1. Enter the $750 000 value of Walter’s AFJP under the Walter’s AFJP 2. Enter the value of the joint non-registered investments $500 000 under the Brokerage Account and Open Investment Account 3. Enter the $250 000 value of Alice’s AFJP under the Alice’s AFJP account. 4. Enter the total value of their personal use assets under Personal Use non-registered investments. So the value of the house $1 500 000 the other assets $200 000. 5. Click Calculate Their Net Investment Assets should total $3 200 000

Brazil

Question Walter and Alice have revealed a summary of their current financial situation in order to begin the investment management process. Alice currently has R$4 700 000 in her Tax Sheltered accounts, and Walter has R$14 400 000 in some Tax Sheltered. They jointly own R$9 300 000 in a Brokerage Account and Open Investment Account. They bought a house years ago that is now valued at R$28 800 000. They have also accumulated other personal affects worth R$3 600 000. What is the value of their Net Investment Assets? R$______ Answer On the Assets and Liabilities screen, the clients’ holdings will only be entered at the summary level. So, from what they told us of their assets, we can: 1. Enter the R$14 400 000 value of Walter’s Tax Sheltered under the Walter’s Tax Sheltered 2. Enter the value of the joint non-registered investments R$9 300 000 under the Brokerage Account and Open Investment Account 3. Enter the R$4 700 000 value of Alice’s Tax Sheltered under the Alice’s Tax Sheltered account. 4. Enter the total value of their personal use assets under Personal Use non-registered investments. So the value of the house R$28 800 000 the other assets R$3 600 000. 5. Click Calculate Their Net Investment Assets should total R$60 800 000

United Kingdom

Question Walter and Alice have revealed a summary of their current financial situation in order to begin the investment management process. Alice currently has £40 000 in her ISA's accounts, and Walter has £125 000 in some ISA's. They jointly own £80 000 in a Brokerage Account and Open Investment Account. They bought a house years ago that is now valued at £250 000. They have also accumulated other personal affects worth £30 000. What is the value of their Net Investment Assets? £______ Answer On the Assets and Liabilities screen, the clients’ holdings will only be entered at the summary level. So, from what they told us of their assets, we can: 1. Enter the £125 000 value of Walter’s ISA's under the Walter’s ISA's 2. Enter the value of the joint non-registered investments £80 000 under the Brokerage Account and Open Investment Account 3. Enter the £40 000 value of Alice’s ISA's under the Alice’s ISA's account. 4. Enter the total value of their personal use assets under Personal Use non-registered investments. So the value of the house £250 000 the other assets £30 000. 5. Click Calculate Their Net Investment Assets should total £525 000

Russia

Question Walter and Alice have revealed a summary of their current financial situation in order to begin the investment management process. Alice currently has руб.2 000 000 in her Investment Account accounts, and Walter has руб.6 000 000 in some Investment Account. They jointly own руб.3 900 000 in a Brokerage Account and Open Investment Account. They bought a house years ago that is now valued at руб.12 000 000. They have also accumulated other personal affects worth руб.1 500 000. What is the value of their Net Investment Assets? руб.______ Answer On the Assets and Liabilities screen, the clients’ holdings will only be entered at the summary level. So, from what they told us of their assets, we can: 1. Enter the руб.6 000 000 value of Walter’s Investment Account under the Walter’s Investment Account 2. Enter the value of the joint non-registered investments руб.3 900 000 under the Brokerage Account and Open Investment Account 3. Enter the руб.2 000 000 value of Alice’s Investment Account under the Alice’s Investment Account account. 4. Enter the total value of their personal use assets under Personal Use non-registered investments. So the value of the house руб.12 000 000 the other assets руб.1 500 000. 5. Click Calculate Their Net Investment Assets should total руб.25 400 000

China

Question Walter and Alice have revealed a summary of their current financial situation in order to begin the investment management process. Alice currently has ¥400 000 in her Personal Retirement Insurance Account accounts, and Walter has ¥1 300 000 in some Personal Retirement Insurance Account. They jointly own ¥800 000 in a Brokerage Account and Open Investment Account. They bought a house years ago that is now valued at ¥2 600 000. They have also accumulated other personal affects worth ¥300 000. What is the value of their Net Investment Assets? ¥______ Answer On the Assets and Liabilities screen, the clients’ holdings will only be entered at the summary level. So, from what they told us of their assets, we can: 1. Enter the ¥1 300 000 value of Walter’s Personal Retirement Insurance Account under the Walter’s Personal Retirement Insurance Account 2. Enter the value of the joint non-registered investments ¥800 000 under the Brokerage Account and Open Investment Account 3. Enter the ¥400 000 value of Alice’s Personal Retirement Insurance Account under the Alice’s Personal Retirement Insurance Account account. 4. Enter the total value of their personal use assets under Personal Use non-registered investments. So the value of the house ¥2 600 000 the other assets ¥300 000. 5. Click Calculate Their Net Investment Assets should total ¥5 400 000

Malaysia

Question Walter and Alice have revealed a summary of their current financial situation in order to begin the investment management process. Alice currently has RM200 000 in her EPF accounts, and Walter has RM600 000 in some EPF. They jointly own RM400 000 in a Brokerage Account and Open Investment Account. They bought a house years ago that is now valued at RM1 200 000. They have also accumulated other personal affects worth RM200 000. What is the value of their Net Investment Assets? RM______ Answer On the Assets and Liabilities screen, the clients’ holdings will only be entered at the summary level. So, from what they told us of their assets, we can: 1. Enter the RM600 000 value of Walter’s EPF under the Walter’s EPF 2. Enter the value of the joint non-registered investments RM400 000 under the Brokerage Account and Open Investment Account 3. Enter the RM200 000 value of Alice’s EPF under the Alice’s EPF account. 4. Enter the total value of their personal use assets under Personal Use non-registered investments. So the value of the house RM1 200 000 the other assets RM200 000. 5. Click Calculate Their Net Investment Assets should total RM2 600 000

Singapore

Question Walter and Alice have revealed a summary of their current financial situation in order to begin the investment management process. Alice currently has S$100 000 in her CPF accounts, and Walter has S$250 000 in some CPF. They jointly own S$150 000 in a Brokerage Account and Open Investment Account. They bought a house years ago that is now valued at S$500 000. They have also accumulated other personal affects worth S$60 000. What is the value of their Net Investment Assets? S$______ Answer On the Assets and Liabilities screen, the clients’ holdings will only be entered at the summary level. So, from what they told us of their assets, we can: 1. Enter the S$250 000 value of Walter’s CPF under the Walter’s CPF 2. Enter the value of the joint non-registered investments S$150 000 under the Brokerage Account and Open Investment Account 3. Enter the S$100 000 value of Alice’s CPF under the Alice’s CPF account. 4. Enter the total value of their personal use assets under Personal Use non-registered investments. So the value of the house S$500 000 the other assets S$60 000. 5. Click Calculate Their Net Investment Assets should total S$1 060 000

Hong Kong

Question Walter and Alice have revealed a summary of their current financial situation in order to begin the investment management process. Alice currently has HK$500 000 in her Personal Retirement Insurance accounts, and Walter has HK$1 500 000 in some Personal Retirement Insurance. They jointly own HK$1 000 000 in a Brokerage Account and Open Investment Account. They bought a house years ago that is now valued at HK$3 000 000. They have also accumulated other personal affects worth HK$400 000. What is the value of their Net Investment Assets? HK$______ Answer On the Assets and Liabilities screen, the clients’ holdings will only be entered at the summary level. So, from what they told us of their assets, we can: 1. Enter the HK$1 500 000 value of Walter’s Personal Retirement Insurance under the Walter’s Personal Retirement Insurance 2. Enter the value of the joint non-registered investments HK$1 000 000 under the Brokerage Account and Open Investment Account 3. Enter the HK$500 000 value of Alice’s Personal Retirement Insurance under the Alice’s Personal Retirement Insurance account. 4. Enter the total value of their personal use assets under Personal Use non-registered investments. So the value of the house HK$3 000 000 the other assets HK$400 000. 5. Click Calculate Their Net Investment Assets should total HK$6 400 000

India

Question Walter and Alice have revealed a summary of their current financial situation in order to begin the investment management process. Alice currently has 2 900 000 in her MPF accounts, and Walter has 8 800 000 in some MPF. They jointly own 5 700 000 in a Brokerage Account and Open Investment Account. They bought a house years ago that is now valued at 17 600 000. They have also accumulated other personal affects worth 2 200 000. What is the value of their Net Investment Assets? ______ Answer On the Assets and Liabilities screen, the clients’ holdings will only be entered at the summary level. So, from what they told us of their assets, we can: 1. Enter the 8 800 000 value of Walter’s MPF under the Walter’s MPF 2. Enter the value of the joint non-registered investments 5 700 000 under the Brokerage Account and Open Investment Account 3. Enter the 2 900 000 value of Alice’s MPF under the Alice’s MPF account. 4. Enter the total value of their personal use assets under Personal Use non-registered investments. So the value of the house 17 600 000 the other assets 2 200 000. 5. Click Calculate Their Net Investment Assets should total 37 200 000

Caribbean

Jamaica   Question Walter and Alice have revealed a summary of their current financial situation in order to begin the investment management process. Alice currently has J$5 400 000 in her Retirement Investments accounts, and Walter has J$16 500 000 in some Retirement Investments. They jointly own J$10 700 000 in a Brokerage Account and Open Investment Account. They bought a house years ago that is now valued at J$33 000 000. They have also accumulated other personal affects worth J$4 100 000. What is the value of their Net Investment Assets? J$______ Answer On the Assets and Liabilities screen, the clients’ holdings will only be entered at the summary level. So, from what they told us of their assets, we can: 1. Enter the J$16 500 000 value of Walter’s Retirement Investments under the Walter’s Retirement Investments 2. Enter the value of the joint non-registered investments J$10 700 000 under the Brokerage Account and Open Investment Account 3. Enter the J$5 400 000 value of Alice’s Retirement Investments under the Alice’s Retirement Investments account. 4. Enter the total value of their personal use assets under Personal Use non-registered investments. So the value of the house J$33 000 000 the other assets J$4 100 000. 5. Click Calculate Their Net Investment Assets should total J$69 700 000 Trinidad and Tobago   Question Walter and Alice have revealed a summary of their current financial situation in order to begin the investment management process. Alice currently has TT$400 000 in her Long Term Investment accounts, and Walter has TT$1 200 000 in some Long Term Investment. They jointly own TT$800 000 in a Brokerage Account and Open Investment Account. They bought a house years ago that is now valued at TT$2 400 000. They have also accumulated other personal affects worth TT$300 000. What is the value of their Net Investment Assets? TT$______ Answer On the Assets and Liabilities screen, the clients’ holdings will only be entered at the summary level. So, from what they told us of their assets, we can: 1. Enter the TT$1 200 000 value of Walter’s Long Term Investment under the Walter’s Long Term Investment 2. Enter the value of the joint non-registered investments TT$800 000 under the Brokerage Account and Open Investment Account 3. Enter the TT$400 000 value of Alice’s Long Term Investment under the Alice’s Long Term Investment account. 4. Enter the total value of their personal use assets under Personal Use non-registered investments. So the value of the house TT$2 400 000 the other assets TT$300 000. 5. Click Calculate Their Net Investment Assets should total TT$5 100 000 Barbados   Question Walter and Alice have revealed a summary of their current financial situation in order to begin the investment management process. Alice currently has Bds$100 000 in her Tax Sheltered Account accounts, and Walter has Bds$400 000 in some Tax Sheltered Account. They jointly own Bds$300 000 in a Brokerage Account and Open Investment Account. They bought a house years ago that is now valued at Bds$800 000. They have also accumulated other personal affects worth Bds$100 000. What is the value of their Net Investment Assets? Bds$______ Answer On the Assets and Liabilities screen, the clients’ holdings will only be entered at the summary level. So, from what they told us of their assets, we can: 1. Enter the Bds$400 000 value of Walter’s Tax Sheltered Account under the Walter’s Tax Sheltered Account 2. Enter the value of the joint non-registered investments Bds$300 000 under the Brokerage Account and Open Investment Account 3. Enter the Bds$100 000 value of Alice’s Tax Sheltered Account under the Alice’s Tax Sheltered Account account. 4. Enter the total value of their personal use assets under Personal Use non-registered investments. So the value of the house Bds$800 000 the other assets Bds$100 000. 5. Click Calculate Their Net Investment Assets should total Bds$1 700 000 Bermuda   Question Walter and Alice have revealed a summary of their current financial situation in order to begin the investment management process. Alice currently has BD$60 000 in her Tax Sheltered Investments accounts, and Walter has BD$200 000 in some Tax Sheltered Investments. They jointly own BD$125 000 in a Brokerage Account and Open Investment Account. They bought a house years ago that is now valued at BD$400 000. They have also accumulated other personal affects worth BD$50 000. What is the value of their Net Investment Assets? BD$______ Answer On the Assets and Liabilities screen, the clients’ holdings will only be entered at the summary level. So, from what they told us of their assets, we can: 1. Enter the BD$200 000 value of Walter’s Tax Sheltered Investments under the Walter’s Tax Sheltered Investments 2. Enter the value of the joint non-registered investments BD$125 000 under the Brokerage Account and Open Investment Account 3. Enter the BD$60 000 value of Alice’s Tax Sheltered Investments under the Alice’s Tax Sheltered Investments account. 4. Enter the total value of their personal use assets under Personal Use non-registered investments. So the value of the house BD$400 000 the other assets BD$50 000. 5. Click Calculate Their Net Investment Assets should total BD$835 000 Bahamas   Question Walter and Alice have revealed a summary of their current financial situation in order to begin the investment management process. Alice currently has B$60 000 in her Tax Sheltered Investments accounts, and Walter has B$200 000 in some Tax Sheltered Investments. They jointly own B$125 000 in a Brokerage Account and Open Investment Account. They bought a house years ago that is now valued at B$400 000. They have also accumulated other personal affects worth B$50 000. What is the value of their Net Investment Assets? B$______ Answer On the Assets and Liabilities screen, the clients’ holdings will only be entered at the summary level. So, from what they told us of their assets, we can: 1. Enter the B$200 000 value of Walter’s Tax Sheltered Investments under the Walter’s Tax Sheltered Investments 2. Enter the value of the joint non-registered investments B$125 000 under the Brokerage Account and Open Investment Account 3. Enter the B$60 000 value of Alice’s Tax Sheltered Investments under the Alice’s Tax Sheltered Investments account. 4. Enter the total value of their personal use assets under Personal Use non-registered investments. So the value of the house B$400 000 the other assets B$50 000. 5. Click Calculate Their Net Investment Assets should total B$835 000 Puerto Rico   Question Walter and Alice have revealed a summary of their current financial situation in order to begin the investment management process. Alice currently has $65,000 in her Retirement Investments accounts, and Walter has $200,000 in some Retirement Investments. They jointly own $130,000 in a Brokerage Account and Open Investment Account. They bought a house years ago that is now valued at $400,000. They have also accumulated other personal affects worth $50,000. What is the value of their Net Investment Assets? $______ Answer On the Assets and Liabilities screen, the clients’ holdings will only be entered at the summary level. So, from what they told us of their assets, we can: 1. Enter the $200,000 value of Walter’s Retirement Investments under the Walter’s Retirement Investments 2. Enter the value of the joint non-registered investments $130,000 under the Brokerage Account and Open Investment Account 3. Enter the $65,000 value of Alice’s Retirement Investments under the Alice’s Retirement Investments account. 4. Enter the total value of their personal use assets under Personal Use non-registered investments. So the value of the house $400,000 the other assets $50,000. 5. Click Calculate Their Net Investment Assets should total $845,000

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