Below is his financial data for 2019: incomes and expenses are annual; assets & liabilities are...

 

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Below is his financial data for 2019: incomes and expenses are annual; assets & liabilities are balances as at December 31, 2019. Chequing Account Saving Account Stock Portfolio GIC (5 year term) Car Loan Employment Income Income Taxes Mortgage Payments Food Expense Loan Payments Condo Fees Insurance premiums Charitable donations $3,000 RRSP $6,000 Condo $18,000 Car $7,000 $25,000 $88,000 $32,000 $17,000 Heat $5,000 $11,000 $1,000 Student Loans Line of Credit (outstanding) Mortgage Debt Clothing Entertainment Transportation Vacation $3,000 Property taxes $1,000 Complete all calculations to two decimal places a) Prepare a complete Net Worth Statement (2 marks) b) Prepare a complete Cash Flow Statement (2 marks) c) Assess fully Rory's Cash Flow Statement from b). (2 marks) $21,000 $590,000 $39,000 $21,000 $29,000 $250,000 $2,500 $2,000 $5,000 $4,500 $4,000 $4,000 Below is his financial data for 2019: incomes and expenses are annual; assets & liabilities are balances as at December 31, 2019. Chequing Account Saving Account Stock Portfolio GIC (5 year term) Car Loan Employment Income Income Taxes Mortgage Payments Food Expense Loan Payments Condo Fees Insurance premiums Charitable donations $3,000 RRSP $6,000 Condo $18,000 Car $7,000 $25,000 $88,000 $32,000 $17,000 Heat $5,000 $11,000 $1,000 Student Loans Line of Credit (outstanding) Mortgage Debt Clothing Entertainment Transportation Vacation $3,000 Property taxes $1,000 Complete all calculations to two decimal places a) Prepare a complete Net Worth Statement (2 marks) b) Prepare a complete Cash Flow Statement (2 marks) c) Assess fully Rory's Cash Flow Statement from b). (2 marks) $21,000 $590,000 $39,000 $21,000 $29,000 $250,000 $2,500 $2,000 $5,000 $4,500 $4,000 $4,000

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The provided image contains financial data for an individual named Rory for the year 2019 and it includes annual incomes expenses asset balances and l... View the full answer