Allison net cash flow for the current month

Reference no: EM13746012

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.

Reference no: EM13746012

Questions Cloud

Depreciation under different methods : On January 1, 2010, Ron Shelley purchased a new tractor to use on his farm. The tractor cost $100,000. Ron also had the dealer install a front-end loader on the tractor. The cost of the front-end loader was $7,000. The shipping charges were $600, and..

Distribution of the stock dividend on the declaration date : In 2013, Western Transport Company entered into the treasury stock transactions described below. In 2011, Western Transport had issued 140 million shares of its $1 par common stock at $17 per share. Prepare the journal entry to record the distributio..

Discuss the major tenets of the enlightenment : Discuss the major tenets of the Enlightenment. How did the Enlightenment affect the American and French Revolutions?

Appropriate journal entries to record each transaction : During its first year of operations, Eastern Data Links Corporation entered into the following transactions relating to shareholders’ equity. The articles of incorporation authorized the issue of 8 million common shares, $1 par per share, and 1 milli..

Allison net cash flow for the current month : 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 Allis..

What are the most common symptoms : What are the most common symptoms and What are the most significant risk factors

Tax planning for corporate taxpayers : Tax Planning for Corporate Taxpayers Jackson Corporation prepared the following book income statement for its year ended December 31, 2013: Prepare a schedule reconciling net income per book to taxable income before special deductions (Form 1120, lin..

Assignment on financial research report : Imagine that you are a financial manager researching investments for your client that align with its investment goals. Use the Internet or the Strayer Library to research any U.S. publicly traded company that you may consider as an investment oppo..

Plagiarism consequences in tertiary education : Research, analyse, discuss and provide recommendations, through the writing of an academic style report. Topic - Plagiarism consequences in tertiary education and how they can be minimised

User Account

All Pages