1. Using the data below make balance sheet and cash flow statement. Determine the total asset, total liabilities, net worth, total cash inflow, total cash outflow and the net cash flow
   1. Rent for the month=$650
   2. Monthly take home pay=$1950
   3. Cash in chequing account= $450
   4. Savings account balance=$1890
   5. Spending for food=$345
   6. Balance of educational loan=$2160
   7. Current value of automobile=$7800
   8. Telephone bill monthly=$65
   9. Credit card balance=$235
   10. Loan payment=$80
   11. Auto insurance=$230
   12. Household possessions=$3400
   13. Stereo equipment=$2350
   14. Electricity payment= $90
   15. Lunches and parking at work=$180
   16. Donations=$70
   17. Home computer=$1500
   18. Value of stock investment=$860
   19. Clothing purchase=$110
   20. Restaurant spending=$130

2. Bill and sally Kaplan have an annual spending plan that amounts to $36000. If the inflation is 2.5% for the next 3 years, how much do the Kaplans want for their living expenses 3 years from now?

3. Using the formula in the not posted, compute the time value of money for saving

1. The future value of a $5000 savings deposit after 8 years at an annual interest rate of 1.5%
2. The future value of saving $1500 a year for 5 years at an annual interest rate of 2.25
3. The present value needed in a saving account that will earn 1.75 % annual interest rate if $2000 is needed at the end of 4 years.

provide intext citation and references atleast 3.

Answer rating: 100% (QA)

1 Balance Sheet and Cash Flow Statement Balance Sheet Assets Cash in Checking Account 450 Savings Account Balance 1890 Current Value of Automobile 780... View the full answer