Question: How do you think people who do not create a
How do you think people who do not create a budget may deal with cash deficiencies? How can this affect their personal relationships?
Answer to relevant QuestionsName three classifications of assets. Briefly define and give examples of each. What is the liquidity ratio? What does it indicate? How is the debt to asset ratio calculated? What does a high debt ratio indicate? How is your savings rate determined? What does it indicate? How should unexpected expenses be handled in your budget? How might these expenses affect your budget for a specific month? Over time? Ryan and Nicole have the following assets: Fair Market Value Home............ $ 85,000 Cars........... 22,000 Furniture........... 14,000 Stocks ........... 10,000 Savings account........ 5,000 ...Kyle has $ 1,000 in cash received for high school graduation gifts from various relatives. He wants to invest it in a certificate of deposit (CD) so that he will have a down payment on a car when he graduates from college in ...
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