What is the difference between an individual's forecasted balance sheet and forecasted cash budget? Which of the

Question:

What is the difference between an individual's forecasted balance sheet and forecasted cash budget? Which of the following should be part of an individual's balance sheet and which should be part of the cash budget?
a) Mortgage
b) Principal repayment to be made
c) Dividend payments
d) Stock
e) Social Security payments
f) Mutual fund shares
g) Interest owed
h) Antiques
i) Credit card balances
j) 401(k) contributions
Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...
Dividend
A dividend is a distribution of a portion of company’s earnings, decided and managed by the company’s board of directors, and paid to the shareholders. Dividends are given on the shares. It is a token reward paid to the shareholders for their...
Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question
Question Posted: