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a . What financial statements should Rudabeh and Donovan prepare to begin realizing their home purchase goal? What records should they use to compile these

a. What financial statements should Rudabeh and Donovan prepare to begin realizing their home purchase goal? What records should they use to compile these statements?
b. Calculate their net worth and income surplus.
c. Calculate and interpret their month's living expenses covered ratio and their debt ratio.
d. What other information would be necessary or helpful to develop more complete statements?
e. What six- to eight-step process should Rudabeh and Donovan undertake to develop a budget?
f. Why might adopting Principle 6: Waste Not, Want NotSmart Spending Matters be important to Rudabeh and Donovan, given their goal of home ownership?
g. What recommendations do you have for Rudabeh and Donovan regarding financial communication?
What records should they use to compile these statements? (Select all that apply.)
A. Long-term debt payments
B. Any outstanding I.O.U.S
C. Variable living expenses
. Short-term debt payments
401(k) statement
Fixed living expenses
G. Paycheck stub
b. Rudabeh and Donovan's net worth is .(Round to the nearest dollar.)
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