The couple wants to become more knowledgeable about financial statements and reports and have asked you to
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Question:
The couple wants to become more knowledgeable about financial statements and reports and have asked you to explain how the following transactions in the upcoming year would impact their net worth:
1) they pay off $5000 of their credit card debt using the money from their savings account.
2) Their mutual fund portfolio increases by 7%
3) Sheldon buys $1000 for sports memorabilia for $800 using funds from their checking account
4) Amy buys a used sports car for $25,000 with no down payment and financing at 3.9% for 60 months on the balance.
give your analysis, reccomendations and detailed support.
(attached are the case facts)
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