personal finance 1st question 5th edition

Part A:1.Allison expects her monthly cash inflow after taxes to be $3000. She also has the following monthly expenses: Rent, $750; student loan payment, $200; utilities, $150; food, $300; recreation, $600; car expenses, $200; clothing, $150.  What is Allison’s net cash flow for the current month?

 

2.Judy has cash inflows of $3,000 for the month of June. Her expenses or cash outflows were $4,000. List two (2) options for Judy to meet her financial obligations in June and indicate the effect (increase or decrease) of these options on her assets and liabilities.

 

Part B:Describe how credit cards affect the following.

 

  1. Your personal budget
  2. Your income statement
  3. Your balance sheet

 

 

Part C:Describe at least two (2) advantages and two (2) disadvantages of selling your home yourself instead of hiring a realtor.

 

  • February 24, 2018
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