$$ | |
Checking account | 800 |
Savings account | 1200 |
Market value of house | 91000 |
Furniture and appliances | 11000 |
Computer and laptop | 3200 |
Car | 14500 |
CD | 5400 |
Retirement account | 36000 |
Value of assets | 163100 |
Katherine Kocher has determined the following information about her own financial situation. Her checking account is...
Catherine Jones has determined the following information about her own financial situation. Her checking account is worth $650 and her savings account is worth $1,700. She owns her own home that has a market value of $109,000. She has furniture and appliances worth $10,000 and a home computer and laptop worth $3,300. She has a car worth $13,000. She has recently purchased an annuity worth $5,400 and she has a retirement account worth $39,000 What is the value of her...
Patricia McDonald has determined the following information about her own financial situation. Her checking account is worth $600 and her savings account is worth $1.400. She owns her own home that has a market value of $97000, She has furniture and appliances worth $12.000 and a laptop worth $2,900. She has a car worth $8.000 and owes $6.500 on her auto loan. She has also purchased some stock worth $4,700 and she has a retirement account worth $39.000, What is...
Help Save & Exit Submit 22 Catherine Jones has determined the following information about her own financial situation. Her checking account is worth $750 and her savings account is worth $1,900. She owns her own home that has a market value of $105,000. She has furniture and appliances worth $11,000 and a laptop worth $3,700. She has a car worth $13,000. She has recently purchased a mutual fund worth $5,800 and she has a retirement account worth $41.000. What is...
Mini-Case C: (2 marks-.5 marks each) Jasmine lives on her own. She is currently renting but is ready to purchase her first home. As she knows that you are taking a Personal Finance course, she has turned to you for guidance before approaching the banks for a mortgage. Her monthly living expenses are $2,980. Description Cheguing account Furniture Tax-Free Savings Account (TESA): Stocks Car Registered Retirement Savings Plan (RRSP): Stocks Savings Account US Savings Account Cash Motorcycle loan Investments: Mutual...
Jamie Lee Jackson, age 24, now a busy full-time college student and part-time bakery clerk, has been trying to organize all of her priorities, including her budget. She has been wondering if she is allocating enough of her Income towards savings, which includes accumulating enough money towards the $9,000 down payment she needs to begin her dream of opening a cupcake café. Jamie Lee has been making regular deposits to both her regular, as well as her emergency savings account....
Prof X is a university professor who is thinking about opening and running her own consulting firm. If she does so, she'll do it full-time, and resign from the university. She estimates the following figures for her consulting firm: annual revenues = $ 210,000; an assistant hired for $60,000 a year; office supplies & utilities at $8,000 a year; she'll have to take out a bank loan of $200,000 (@8% interest per year) for office office equipment & furniture; she'll...
Jamie Lee Jackson, age 24. now a busy full-time college student and part-time bakery clerk, has been trying to organize all of her priorities, including her budget. She has been wondering if she is allocating enough of her Income towards savings, which includes accumulating enough money towards the $7.000 down payment she needs to begin her dream of opening a cupcake café. Jamie Lee has been making regular deposits to both her regular, as well as her emergency savings account....
Jamie Lee Jackson, age 24, now a busy full-time college student and part-time bakery clerk, has been trying to organize all of her priorities, including her budget. She has been wondering if she is allocating enough of her income towards savings, which includes accumulating enough money towards the $7,000 down payment she needs to begin her dream of opening a cupcake café. Jamie Lee has been making regular deposits to both her regular, as well as her emergency savings account....
Jamie Lee Jackson, age 27, full-time student and part-time bakery employee, has just moved into a bungalow-style, unfurnished home of her own. The house is only a one- bedroom, but the rent is manageable and has plenty of room for Jamie Lee. She decided to give notice to her roommate that she would be leaving the apartment and the shared expenses after the incident with the stolen checkbook and credit cards a few weeks back. Jamie had to dip in...
Milly Manpower, age 45, is single and has no dependents. Her social security number is 987-65-4321. Milly lives at 3000 Westcliffe Drive, Cedar City, Utah 84720. She has no interest in contributing to any Presidential Election Campaign. The following are her tax related items: Milly has a full-time job as a senior administrative assistant at Let’s Get To Work, Services, Inc. She earned a $60,000 salary from Let’s Go To Work, Inc. They withheld federal income tax of $6,000 and...