A household has the following statistics related to Balance Sheet and annual Cash Flow: | |
Balance Sheet Items: | in Dollars |
Cash | $2,500 |
CD | $12,000 |
Savings Account Balance | $3,500 |
Credit Card Debt | $9,500 |
Current Year Portion of mortgage | $7,800 |
Cash Flow Items: | |
Salary | $115,000 |
Dividend Income | $1,500 |
Discretionary Expenses | $8,000 |
Nondiscretionary Expenses | $28,975 |
Debt Repayment | $8,700 |
Retirement Investments | $15,500 |
Capital Expenditure | - |
Compute the total Operating percentage |
A household has the following statistics related to Balance Sheet and annual Cash Flow: Balance Sheet...
Use the following items to prepare a balance sheet and a cash flow statement. Determine the total assets, total liabilities, net worth, total cash inflows, and total cash outflows. $4,070 2.420 2,340 104 Balance Sheet and Cash Flows Rent for the month Cash in checking account Spending for food Current value of automobile Credit card balance Auto insurance Stereo equipment Lunches/parking at work Home computer Clothing purchase $1,520 Monthly take-home salary 920 Savings account balance 1,260 Balance of educational loan...
Use the following items to prepare a balance sheet and a cash flow statement. Determine the total assets, total liabilities, net worth, total cash inflows, and total cash outflows. Balance Sheet and Cash Flows Rent for the month Cash in checking account Spending for food Current value of automobile Credit card balance Auto insurance Stereo equipment Lunches/parking at work $1,520 Monkhly take-home salary $4,070 2,420 2,340 104 920 Savings account balance 1,260 Balance of educational loan 7,820 Telephone bill paid...
Peter who is self-employed has the following income and expenses during the year: Business Income 115,000 Interest Income 1,500 Dividend Income 2,200 Hobbies 550 Recreational Expenses 5,500 Vacation Expenses 2,500 Alimony 950 Healthcare Cost 5,250 Clothing Expenses 780 Insurance Cost 6,250 Food Expenses 8,275 Taxes 1,150 Furniture Cost 12,000 Debt Repayment 22,000 New Debt Taken 2,575 Retirement investments 15,500 What is the total cash flow during the year? $56,070 $40,570 $47,700 $61,550 What is the net cash flow during the...
Use the following balance sheet and cash flow information to determine the net worth and net surplus for an individual in a recent month: Liquid Assets $15,000 Home Value $220,000 Investment assets: $120,000 Personal Property $30,000 Total assets: $385,000 Short Term Debt: $7000 ($250 a month) Monthly Mortgage Payment $1400 on a $180,000 mortgage Total Debt: $187,000 Monthly Gross Income: $11,000 Monthly Disposable Income $ 4000 Monthly Expenses: $7000 Now that the individual above has a better understanding of their...
Use the list of items below to create a Balance Sheet and Cash Flow Statement. 2010 Camaro $ 8,500 Apartment Rent 350 Bicycle $ 1,400 Camaro Car Loan Balance $ 2,700 Checking account at Credit Union $ 230 Grandfathers Watch $ 2,500 Grocery $ 300 Monthly allowance from rich aunt $ 800 Part time Job Weekly Paycheck $ 250 Savings account at First National Bank $ 1,500 Student Loan Debt $ 10,500 Student Loan Funds Available $ 4,000 $ 400...
Waldorf, Incorporated provided the following balance sheet, income statement, and cash flow information for the current year. (Click the icon to view the balance sheet.) (Click the icon to view the income statement.) E (Click the icon to view the cash flow information.) Requirement Prepare the statement of cash flows under the indirect method for Waldorf, Incorporated. Accrued expenses relate to Selling, Gener Complete the statement one section at a time, beginning with the cash flows from operating activities. (Use...
Net Worth and Budgeting Use the following items to prepare a balance sheet and a cash flow statement. Determine the total assets, total liabil total cash inflows, and total cash outflows. Rent for the month Cash in checking account Spending for food Current value of automobile Credit card balance Auto insurance Stereo equipment Lunches/parking at work Home computer Clothing purchase 1,330 Monthly take-home salary $3,988 2,748 2,778 119 187 3,588 146 818 Savings account balance 1,300 Balance of educational loan...
Question 1-4 facts – use the following balance sheet and cash flow data to respond to Questions 1-4. NOTE: Reference financial progress ratios on page 78 of your text. Short-term debt = $5,500 Mortgage debt (30 yr.) = $170,000 Liquid assets = $10,000 Home value = $210,000 Investment assets = $90,000 Personal property = $20,000 Short-term debt payments = $250/month Mortgage debt payments = $1,300/month Gross income = $9,000/month Disposable income = $6,800/month Expenses = $6,000/month Question 1 (9 points)...
Question 1-4 facts – use the following balance sheet and cash flow data to respond to Questions 1-4. NOTE: Reference financial progress ratios on page 78 of your text. Short-term debt = $5,500 Mortgage debt (30 yr.) = $170,000 Liquid assets = $10,000 Home value = $210,000 Investment assets = $90,000 Personal property = $20,000 Short-term debt payments = $250/month Mortgage debt payments = $1,300/month Gross income = $9,000/month Disposable income = $6,800/month Expenses = $6,000/month Question 1 (9 points)...
Question 1-4 facts – use the following balance sheet and cash flow data to respond to Questions 1-4. NOTE: Reference financial progress ratios on page 78 of your text. Short-term debt = $5,500 Mortgage debt (30 yr.) = $170,000 Liquid assets = $10,000 Home value = $210,000 Investment assets = $90,000 Personal property = $20,000 Short-term debt payments = $250/month Mortgage debt payments = $1,300/month Gross income = $9,000/month Disposable income = $6,800/month Expenses = $6,000/month Question 1 (9 points)...