Apply financial planning concepts to advise Carol and explain how Carol can benefit from financial planning. Describe the benefits of using financial statements in financial planning

Utilize and explain strategies that Carol can use to increase her net worth. How does this affect her cash flow?

Describe the sources available for asset management.

Compile a list oflegal protections that can be used to protect Carol's assets.

Using the information provided for Carol create a balance sheet and cash flow statement. Estimate Carol's overall net worth

Please see attachment for full details.

Thank you

Case Study: Carol Jones FIN/420 Version 6 1 University of Phoenix Material Case Study: Carol Jones Carol works as a business representative for an import/export company. Her job provides her with the opportunity to travel and experience new things. Because she travels so much, Carol feels that she does not have a handle on her finances. She has decided to pay a visit to a financial advisor for help. Carol's Salary Home Gas/Heating Electric Water Internet/Cable Phone Cell Phone Food Mortgage Payment Car Insurance Savings Checking Lawn Service $2,000 $100,000 $100 $125 $60 $150 $50 $200 $250 $796 $165 $500 $1,000 $100 Auto Payment Mastercard Visa Card Bloomingdale Card Personal Loan Mortgage Mortgage Payment Car Gym Membership Personal Loan Payment Carol's 401K Auto Loan Visa Payment Bloomingdale Payment Mastercard $262 $5,000 $3,000 $1,500 $5,000 $95,000 $796 $20,000 $20 $94 $50,000 $15,000 $60 $30 $100 Int 15% Int 15% Int 29% Int 5%, 60 mths Write a 700- to 1,050-word paper that addresses the following items from the case study: Apply financial planning concepts to advise Carol and explain how Carol can benefit from financial planning. Describe the benefits of using financial statements in financial planning. Utilize and explain strategies that Carol can use to increase her net worth. How does this affect her cash flow? Describe the sources available for asset management. Compile a list of legal protections that can be used to protect Carol's assets. Using the information provided for Carol create a balance sheet and cash flow statement. Estimate Carol's overall net worth. Click the Assignment Files tab to submit your assignment. Copyright 2016 by University of Phoenix. All rights reserved