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5) Encik Ikram and Puan Haliza is having a child and is planning to put some saving for their child's education. En Ikram is earning
5) Encik Ikram and Puan Haliza is having a child and is planning to put some saving for their child's education. En Ikram is earning monthly income of RM6,900 and Pn Haliza is earning RM1,600. Both couple are contributing to EPF (11%). Every month RM500 would be deducted to be placed in Amanah Saham Nasional. Below is the financial information that the family have for the year ending 31 December 2016: Items Loan payment RM 1,000 Balance in savings account 4.250 Clothing purchased( per month) Amanah Saham Bumiputera (ASB) Computer 180 20,000 1,700 Monthly rent 850 Balance in checking account 820 Food expenditure per month Savings in Tabung Haji 400 1850 Monthly petrol and toll Daycare 330 220 Current value of automobile 32,000 Stereo equipment Credit card balance 800 3,200 Auto insurance Automobile purchase cost 700 Balance of ASB loan Monthly phone bill Education loan Bills per month Parent's allowance Education loan balance 51,000 9,050 150 25,000 110 150 7,500 280 Dining per month i. Prepare statement of cash flow for the family. Marks) (9
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