Individual Assignment part A (5% of final grade) Instructions: Complete the two questions below and submit...
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Individual Assignment part A (5% of final grade) Instructions: Complete the two questions below and submit the completed document on SLATE under "Assignments -> Assignment part A" in week 4 before class begins. Personal Financial Statements Lisa is trying to get her personal finances in order. She does not know how to organize the following information. I Mortgage Payment House Credit Card Balance After-tax Income Groceries Expense Car Clothing Car Loan Payment Furniture Car Loan Car Maintenance Utilities Expense Cash in bank 1,175 210,000 9,300 3,000 240 Mortgage Recreation Expense Lisa has come to you for help. 15,000 450 360 10,000 10,000 150 100 500 181,000 400 (a) Organize the above financial information into a properly formatted (i) Personal Cash Flow Statement and (ii) Personal Balance Sheet. (10 marks) (b) Calculate the values and comment on each of them: (i) savings rate, (ii) liquidity ratio, (iii) debt-to-asset ratio. (6 marks) (c) Make at least 4 recommendations to help Lisa her improve her money management? (4 marks) Individual Assignment part A (5% of final grade) Instructions: Complete the two questions below and submit the completed document on SLATE under "Assignments -> Assignment part A" in week 4 before class begins. Personal Financial Statements Lisa is trying to get her personal finances in order. She does not know how to organize the following information. I Mortgage Payment House Credit Card Balance After-tax Income Groceries Expense Car Clothing Car Loan Payment Furniture Car Loan Car Maintenance Utilities Expense Cash in bank 1,175 210,000 9,300 3,000 240 Mortgage Recreation Expense Lisa has come to you for help. 15,000 450 360 10,000 10,000 150 100 500 181,000 400 (a) Organize the above financial information into a properly formatted (i) Personal Cash Flow Statement and (ii) Personal Balance Sheet. (10 marks) (b) Calculate the values and comment on each of them: (i) savings rate, (ii) liquidity ratio, (iii) debt-to-asset ratio. (6 marks) (c) Make at least 4 recommendations to help Lisa her improve her money management? (4 marks)
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Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date:
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