Question: Question 2: 20 marks a. Budgeting is a starting point for developing your financial plan. A good understanding of cash inflows and outflows, or what

Question 2: 20 marks

a. Budgeting is a starting point for developing your financial plan. A good understanding of cash inflows and outflows, or what you make and spend is essential. Describe one way to increase your cash inflows and one way to decrease your personal outflows. (10 marks)

b. Judy has cash inflows of RM3,000 for the month of June. Her expenses or cash outflows were RM4,000. What is her net cash flow? List two options for Judy to meet her financial obligations in June. What is the effect (increase or decrease) of these options on her assets and liabilities?

(10 marks)

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