The following table shows the items of assets, liabilities, cash inflows, and cash outflows for Ho in
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Question:
The following table shows the items of assets, liabilities, cash inflows, and cash outflows for Ho in September.
Rent | $6500 | Monthly take-home salary | $21850 |
Spending for food | $3450 | Cash in checking account | $4500 |
Savings account balance | $1890 | Balance of education loan | $21600 |
Current value of auto | $88000 | Phone bill paid for month | $650 |
Credit card balance | $2350 | Loan payment | $800 |
Auto insurance premium | $2300 | Household possessions | $34000 |
Current value of video equipment | $23500 | Payment for electricity | $900 |
Spending on Lunches/Parking at work | $1800 | Donations | $1600 |
Current value of personal computer | $12000 | Value of stock investment | $8600 |
Cloth purchase | $1100 | Restaurant spending | $1300 |
1. Prepare a Personal Balance Sheet for Ho.
2. Prepare a Cash Flow Statement for Ho.
3. How will you evaluate his current financial situation?
Related Book For
Essentials of Business Analytics
ISBN: 978-1285187273
1st edition
Authors: Jeffrey Camm, James Cochran, Michael Fry, Jeffrey Ohlmann , David Anderson, Dennis Sweeney, Thomas Williams
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