G3-Understand how financial statements & ratios and basic tax fundamentals impoct the financial planning process. For...

   

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G3-Understand how financial statements & ratios and basic tax fundamentals impoct the financial planning process. For items that go on the 1&E Statement, amount is annual. Jessica Age 34 Salary $ Mortgage PaymentS Money Market Account $ Mutual Fund $ 60,000.00 22,000.00 15,000.00 1,000.00 House $ 160,000.00 Fumiture $ 2,300.00 Mortgage Balance s Roth IRA $ Credit Card Payment $ 138,000.00 8,500.00 600.00 Entertainment $ Checking Account $ Car Payment $ Consulting Income $ 1,200.00 22,000.00 5,100.00 2,000.00 Car Loan Balance $ 4,000.00 2,400.00 Groceries $ Fuel $ 1,000.00 Car $ 8,000.00 Employer Plan $ 10,000.00 Student Loan Payment $ Other (Jewelry) $ 6,000.00 500.00 Credit Card Balance s 1,000.00 Annual Savings $ Savings Account $ 2,500.00 5,000.00 Past-Due Bill $ 350.00 Student Loan Balance $ 20,000.00 Insurance Payment $ 3,000.00 Utilities $ 2,300.00 LG3-Q1 Application Time - Jessica's Income & Expense Statement January 1 - December 31 CASH INFLOWS Income Annual Monthly TOTAL CASH INFLOWS CASH OUTFLOWS Fixed Expenses Total Fixed Expenses Variable Expenses Total Variable Expenses TOTAL CASH OUTFLOWS NET DISCRETIONARY CASH FLOW I G3-02 Application Time - Jessica's Balance Sheet LG3-Q2 Application Time - Jessica's Balance Sheet December 31 ASSETS LIABILITIES & NET WORTH Monetary Short-Term Total Short-Term Total Monetary Long-Term Investment Total Investment Total Long-Term Household TOTAL LIABILITIES TOTAL NET WORTH Total Household Retirement Total Retirement Personal Property Total Personal Property TOTAL ASSETS G3-Understand how financial statements & ratios and basic tax fundamentals impoct the financial planning process. For items that go on the 1&E Statement, amount is annual. Jessica Age 34 Salary $ Mortgage PaymentS Money Market Account $ Mutual Fund $ 60,000.00 22,000.00 15,000.00 1,000.00 House $ 160,000.00 Fumiture $ 2,300.00 Mortgage Balance s Roth IRA $ Credit Card Payment $ 138,000.00 8,500.00 600.00 Entertainment $ Checking Account $ Car Payment $ Consulting Income $ 1,200.00 22,000.00 5,100.00 2,000.00 Car Loan Balance $ 4,000.00 2,400.00 Groceries $ Fuel $ 1,000.00 Car $ 8,000.00 Employer Plan $ 10,000.00 Student Loan Payment $ Other (Jewelry) $ 6,000.00 500.00 Credit Card Balance s 1,000.00 Annual Savings $ Savings Account $ 2,500.00 5,000.00 Past-Due Bill $ 350.00 Student Loan Balance $ 20,000.00 Insurance Payment $ 3,000.00 Utilities $ 2,300.00 LG3-Q1 Application Time - Jessica's Income & Expense Statement January 1 - December 31 CASH INFLOWS Income Annual Monthly TOTAL CASH INFLOWS CASH OUTFLOWS Fixed Expenses Total Fixed Expenses Variable Expenses Total Variable Expenses TOTAL CASH OUTFLOWS NET DISCRETIONARY CASH FLOW I G3-02 Application Time - Jessica's Balance Sheet LG3-Q2 Application Time - Jessica's Balance Sheet December 31 ASSETS LIABILITIES & NET WORTH Monetary Short-Term Total Short-Term Total Monetary Long-Term Investment Total Investment Total Long-Term Household TOTAL LIABILITIES TOTAL NET WORTH Total Household Retirement Total Retirement Personal Property Total Personal Property TOTAL ASSETS

Answer rating: 100% (QA)

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