Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

please give detailed answers Mortgage Payment 1,872 376,0 House 00 12,43 Credit Card Balance 0 After-tax Income 3,900 Groceries Expense 475 19.30 Car 0 Clothing

please give detailed answers
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
Mortgage Payment 1,872 376,0 House 00 12,43 Credit Card Balance 0 After-tax Income 3,900 Groceries Expense 475 19.30 Car 0 Clothing Owned 725 Car Loan Payment 518 11,50 Furniture 0 14.00 Car Loan Car Maintenance 245 125 Utilities Expense Cash in bank 715 318.0 Mortgage 00 Recreation Expense 525 Lisa has come to you for help. (a) Organize the above financial information into a properly formatted (i) Personal Cach Flow Statement and (ii) Personal Relat 7 (b) Calculate the values and comment on each of them: (i) savings rate, (ii) liquidity ratio, (iii) debt-to-asset ratio. (6 marks) (c) Make at least 4 recommendations to help Lisa her improve her money management? (4 marks) Vie Mortgage Payment 1,872 376,0 House 00 Credit Card Balance 12,43 0 After-tax Income 3,900 Groceries Expense 475 19,30 Car 0 Clothing Owned 725 Car Loan Payment 518 11,50 Furniture 14,00 Car Loan 0 Car Maintenance 245 Utilities Expense 125 Cash in bank 715 318,0 Mortgage 00 Recreation Expense 525 Lisa has come to you for help. (a) Organize the above financial information into a properly formatted (i) Personal Cash Flow Statement and (ii) Personal Balance Sheet. (10 marks) Automatic Zoom (b) Calculate the values and comment on each of them: (i) savings rate, (ii) liquidity ratio, (iii) debt-to-asset ratio. (6 marks) (c) Make at least 4 recommendations to help Lisa her improve her money management? (4 marks) Mortgage Payment 1,872 376,0 House 00 12,43 Credit Card Balance 0 After-tax Income 3,900 Groceries Expense 475 19.30 Car 0 Clothing Owned 725 Car Loan Payment 518 11,50 Furniture 0 14.00 Car Loan Car Maintenance 245 125 Utilities Expense Cash in bank 715 318.0 Mortgage 00 Recreation Expense 525 Lisa has come to you for help. (a) Organize the above financial information into a properly formatted (i) Personal Cach Flow Statement and (ii) Personal Relat 7 (b) Calculate the values and comment on each of them: (i) savings rate, (ii) liquidity ratio, (iii) debt-to-asset ratio. (6 marks) (c) Make at least 4 recommendations to help Lisa her improve her money management? (4 marks) Vie Mortgage Payment 1,872 376,0 House 00 Credit Card Balance 12,43 0 After-tax Income 3,900 Groceries Expense 475 19,30 Car 0 Clothing Owned 725 Car Loan Payment 518 11,50 Furniture 14,00 Car Loan 0 Car Maintenance 245 Utilities Expense 125 Cash in bank 715 318,0 Mortgage 00 Recreation Expense 525 Lisa has come to you for help. (a) Organize the above financial information into a properly formatted (i) Personal Cash Flow Statement and (ii) Personal Balance Sheet. (10 marks) Automatic Zoom (b) Calculate the values and comment on each of them: (i) savings rate, (ii) liquidity ratio, (iii) debt-to-asset ratio. (6 marks) (c) Make at least 4 recommendations to help Lisa her improve her money management? (4 marks)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

The Nurse Managers Guide To Budgeting And Finance

Authors: Al Rundio

2nd Edition

1940446589, 978-1940446585

More Books

Students also viewed these Finance questions

Question

WHAT IS DOUBLE ENTRY ACCOUNTING SYSTEM?

Answered: 1 week ago