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Calculate the financial aspect for me please Do a: 1 . 0 Financial Analysis 1 1 Net Worth analysis 1 . 2 Cash Flow statement
Calculate the financial aspect for me please
Do a:
Financial Analysis
Net Worth analysis
Cash Flow statement
CASE STUDY
Hank Hill: DOB December
Peggy Hill: DOB May
Hank and Peggy have been married for years and appear to have a stable and committed relationship.
They have three children:
Francesca: DOB March
Nina: DOB May
Afomi DOB Dec
In June of Hank bootstrapped a technologybased business in the garage of their home in West Vancouver. He wanted to work with other socially conscious entrepreneurs. They have become increasingly successful and last years revenues were about $ million. They expect to do better than that next year. Peggy works hours a week in the business and takes a salary of $ annually. Hanks salary is $ They each take dividends from the corporate account of about $ annually.
They have been instructed by their accountant to maximize their contributions to their RRSPs which are now: Peggy: $ Hank: $ They also have a joint investment account with us valued at $ They have a corporate account Hill Holdings LT that has only cash in it: $ CAD and $ USD. Many of their clients pay in US funds and their accountant has instructed them to keep it in that currency. They purchased a lot in Hawaii valued currently at $ USD and are wanting to build on it in the next three or four years. In the meantime, they are strategizing ways to get a townhouse at Whistler. They are avid skiers and love the outdoors. They are very devoted to the family and getting as much time as possible with the kids while they are young.
They are planning to sell the business later this year. With the growth trajectory they currently have, the calibre of the staff they currently employ and projections for future revenue, Hill has had an estimate from a CPA friend of his that the business and its intellectual property could probably sell for between $ and $ million USD. But the friend also advised that if he waits for the patent for one of his side projects to come through it could be as high as $ million USD.
Additionally, Hank has an uncle who is very wealthy in the US and who has told him that they will be inheriting his house and one of his businesses as well. He is
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