Calculate the values of savings rate

Assignment Help Financial Accounting
Reference no: EM132538054

Lisa is trying to get her personal finances in order. She does not know how to organize the following information.

Mortgage Payment                     1,175

House                                  210,000

Credit Card Balance                   9,300

After-tax Income                     3,000

Groceries Expense                    240

Car                                    15,000

Clothing                             450

Car Loan Payment                 360

Furniture                           10,000

Car Loan                          10,000

Car Maintenance                   150

Utilities Expense               100

Cash in bank                      500

Mortgage                       181,000

Recreation Expense             400

Lisa has come to you for help.

Question 1: Organize the above financial information into a properly formatted (i) Personal Cash Flow Statement and (ii) Personal Balance Sheet.

Question 2: Calculate the values and comment on each of them: (i) savings rate, (ii) liquidity ratio, (iii) debt-to-asset ratio.

Question 3: Make at least 4 recommendations to help Lisa her improve her money management?

Reference no: EM132538054

Questions Cloud

Data adjustments affects : Kirk (2016) tells us that data adjustments affects what data is displayed and presentation adjustments affects how the data is displayed.
Determine the cost formula : Yang Manufacturing makes a product called Yin. Determine the cost formula that expresses the behaviour of Yang's total costs
Is the a viable proposition : Is the a viable proposition? 30% customers will avail discount and 70% will not avail. Credit Terms = 2/10, net/30.Borrowing rate = 17%
BSOM046 Statistical Process Control Assignment : BSOM046 Statistical Process Control Assignment Help and Solution, University Of Northampton - Assessment Writing Service
Calculate the values of savings rate : Calculate the values and comment on each of them: (i) savings rate, (ii) liquidity ratio, (iii) debt-to-asset ratio. Make at least 4 recommendations
Telecommunication networking and security : Strategies for overcoming VPN performance and stability issues and VPN deployment planning for the enterprise.
Calculate the cost of goods sold account : Assuming underapplied or overapplied overhead is transferred to cost of goods sold at the end of the period, calculate the cost of goods sold account
Ethical concerns over employee surveillance : Take a position on the ethical concerns raised by employees who are upset about organizations monitoring their email or Internet access for security purposes.
Calculate the predetermined overhead rates per machine : Calculate the predetermined overhead rates per machine hour based on practical capacity, normal capacity and budgeted capacity respectively

Reviews

Write a Review

Financial Accounting Questions & Answers

  Financial statement analysis and preparation

Financial Statement Analysis and Preparation

  Shareholder of a company

Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?

  Financial and accounting principles

An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.

  Prepare a statement of cash flow using the direct method

Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.

  Financial accounting assignment

This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited

  Prepare general journal entries for goela

Prepare general journal entries for Goela Ltd

  Principles of financial accounting

Prepare the journal entry to record the acquisition of the assets.

  Prepare general journal entries to record the transactions

Prepare general journal entries to record the transactions, assuming use of the periodic inventory system

  Global reporting initiative

Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.

  Explain the iasb conceptual frameworks

Explain the IASB Conceptual Framework's perspective of users and their decisions.

  Determine the company''s financial statements

T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .

  Computation of free cash flow

Computation of Free Cash Flow

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd