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Please could somebody fill in this excel spread sheet as much as they can using the information given below. I need the cash inflows part
Please could somebody fill in this excel spread sheet as much as they can using the information given below. I need the cash inflows part filled in. aswell as the total available cash flows. and total lifesryle expenes and debt payments. or just one or 2 sections of the spread sheet. Thank you
During your first meeting with John and emily, you promised them a full analysis of their cash flows, assets vs. liabilities, and taxes. To accomplish this task, you took notes during your first meeting with the clients; the notes are summarized below:
Done
- John an oil and gas engineer, age 37
- Emily an administrative assistant at an oil and gas company, age 37 Education loan balance $12,322 (John)
- The couple doesn't have any kids.
- Groceries $700 Gas $400
- Monthly mortgage payments $3,789
- Cash in a chequing account $1,500
(Emily)
- They purchased their home for $300,000 around six years ago, now the house price is $400,000. The house is owned jointly
- Credit card limit $42,000 / balance
$12,000 (Emily)
- Their mortgage original balance was $230,000, the current balance is $150,000.
- John contributes monthly $300 to his
TFSA account
- Cash in chequing account $2,000 (John)
- Educational Loans repayment John $500, and Lana $400 per month.
- Other variable expenses around $700 per month on average.
- Educational loan balance $15,500 (Emily)
- Credit card limit $40,000 / Balance $3,000
(John)
Emily contributes $400 monthly to her
RRSP account
- Emily drives a Honda civic, she purchased the car for $20,000, the car current value is $13,000.
- Emily has RRSP investments of $44,000.
- Joint Saving account balance $23,000
- The monthly electricity bill is $200
- John drives a Ford F150 which he purchased for $60,000, around 3 years ago, the car current value is $22,000
- John inherited a cabin from his grandparents the cabin estimated market value is $40,000.
- They recently fully paid off their auto loans.
- They spend $300 on entertainment monthly
- Their house holds possessions were $20,000. together, and are valued at
- They spend $40 on movies each month
- John has TFSA investments valued
$50,000
- Emily earns $60,000 pre-tax. Her CPP/EI/ income taxes are $15,000 per year (note: these amounts include any available tax credits/deductions).
- They donate $50 to their favorite charity monthly
- They spend $200 on travel monthly
- Emily owns jewelry valued $3,245
- They pay $500 for their cars and house insurance monthly
- Emily and John each pay $300 monthly on their credit cards
- They pay for their term life insurance policies $140 each monthly
- They have joint stock investments account which is valued $35,000.
- John earns $150,000 pre-tax. He pays CPP/El/ income taxes of $45,000 per year (note: these amounts include any available tax credits/deductions).
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