1. Assuming a required emergency fund cover of 6 months, what is the client's current emergency...
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1. Assuming a required emergency fund cover of 6 months, what is the client's current emergency fund, taking all her liquid assets into consideration? Balance Sheet Income Statement Assets Income (Monthly) Checking Account A Savings Account A * Allan Gray Equity Fund Allan Gray Money Market Fund Retirement Annuity Fund Kruger Rands Property (Home) Other Material Assets Vehicle Total Assets Liabilities Credit Card A Clothing credit accounts Vehicle Loan Home Mortgage Total Liabilities R18 000 R42 000 R180 000 R288 000 R690 000 R72 000 R3 000 000 R360 000 R144 000 R4 794 000 R66 000 R78 000 R90 000 R2 160 000 R2 394 000 Salary (Net) Other Income Total Income Expenses (Monthly) Utilities Food Internet Cell Phone Medical aid Home Insurance Life policies Mortgage payments Vehicle Loan payments Other loan payments Retirement annuity contributions Total Expenses 54 000 14 400 68 400 3 600 6 000 840 600 5 400 1 440 3 000 30 000 7 200 7 200 2 400 67 680 1. Assuming a required emergency fund cover of 6 months, what is the client's current emergency fund, taking all her liquid assets into consideration? Balance Sheet Income Statement Assets Income (Monthly) Checking Account A Savings Account A * Allan Gray Equity Fund Allan Gray Money Market Fund Retirement Annuity Fund Kruger Rands Property (Home) Other Material Assets Vehicle Total Assets Liabilities Credit Card A Clothing credit accounts Vehicle Loan Home Mortgage Total Liabilities R18 000 R42 000 R180 000 R288 000 R690 000 R72 000 R3 000 000 R360 000 R144 000 R4 794 000 R66 000 R78 000 R90 000 R2 160 000 R2 394 000 Salary (Net) Other Income Total Income Expenses (Monthly) Utilities Food Internet Cell Phone Medical aid Home Insurance Life policies Mortgage payments Vehicle Loan payments Other loan payments Retirement annuity contributions Total Expenses 54 000 14 400 68 400 3 600 6 000 840 600 5 400 1 440 3 000 30 000 7 200 7 200 2 400 67 680
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Related Book For
Financial Accounting and Reporting a Global Perspective
ISBN: 978-1408076866
4th edition
Authors: Michel Lebas, Herve Stolowy, Yuan Ding
Posted Date:
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