Final answer:
To determine which statement is false regarding Kelli's financial situation, we need to analyze the given information. Based on the given financial information, Kelli's false statement is that she has a positive net worth, as her net worth is negative. The other statements cannot be determined based on the given information.
Step-by-step explanation:
To determine which statement is false regarding Kelli's financial situation, we need to compare the given financial information with the targeted benchmarks. Let's analyze each statement:
- Kelli has a positive net worth: To calculate net worth, we subtract liabilities from assets. In this case, assets (reserves 30, bonds 50, and loans 50) sum up to 130, while liabilities (deposits 300 and equity 30) sum up to 330. Therefore, Kelli has a negative net worth, so statement a) is false.
- Kelli's income exceeds her expenses: This statement is not mentioned in the given financial information, so we cannot determine its accuracy.
- Kelli has low liquidity: Liquidity refers to the ability to convert assets into cash quickly. Since we don't have information about Kelli's assets and their liquidity, we cannot determine the accuracy of this statement.
- Kelli has diversified investments: Based on the given financial information, we can see that Kelli has assets in the form of reserves, bonds, and loans. This indicates that she has diversified investments. Therefore, statement d) is true.
Based on our analysis, the false statement regarding Kelli's financial situation is a) Kelli has a positive net worth.