Question
The following table shows the items of assets, liabilities, cash inflows, and cash outflows for Ho in September. Rent $6500 Monthly take-home salary $21850 Spending
The following table shows the items of assets, liabilities, cash inflows, and cash outflows for Ho in September.
| Rent | $6500 | Monthly take-home salary | $21850 |
| Spending for food | $3450 | Cash in checking account | $4500 |
| Savings account balance | $1890 | Balance of education loan | $21600 |
| Current value of auto | $88000 | Phone bill paid for month | $650 |
| Credit card balance | $2350 | Loan payment | $800 |
| Auto insurance premium | $2300 | Household possessions | $34000 |
| Current value of video equipment | $23500 | Payment for electricity | $900 |
| Spending on Lunches/Parking at work | $1800 | Donations | $1600 |
| Current value of personal computer | $12000 | Value of stock investment | $8600 |
| Cloth purchase | $1100 | Restaurant spending | $1300 |
1. Prepare a Personal Balance Sheet for Ho.
2. Prepare a Cash Flow Statement for Ho.
3. How will you evaluate his current financial situation?
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Essentials Of Business Analytics
Authors: Jeffrey Camm, James Cochran, Michael Fry, Jeffrey Ohlmann, David Anderson, Dennis Sweeney, Thomas Williams
1st Edition
128518727X, 978-1337360135, 978-1285187273
