Prepare a personal budget, balance sheet and cash flow

Assignment Help Accounting Basics

Reference no: EM13119984

Choose a client or yourself. For confidentiality purposes, use a fictitious name.

Prepare a personal budget, balance sheet, and cash flow statement.

Write a memo that includes the following:

• A summary of the facts, including ages of the client, spouse, and dependents; educational background; income status of client and spouse; and two major concerns and goals.

• Summary of key items and findings from the personal budget, balance sheet, and cash flow statement.

• Recommendations and support for improving the financial situation

Reference no: EM13119984

Questions Cloud

Calculate the final temperature of the mixture : A 29.0-g sample of water at 250. K is mixed with 51.0 g water at 320. K. Calculate the final temperature of the mixture assuming no heat loss to the surroundings.

Create an approach to tax research that results in credible : Using the Internet or Strayer databases, research the rules regarding the transfer of property and services to a corporation in exchange for stock. Include a review of the IRS to determine its level of interest and audits conducted related to this..

What volume(in ml) of 0.0887 m mgf2 solution is needed : what volume(in mL) of 0.0887 M MgF2 solution is needed to make 275.0mL of 0.0224 M MgF2 solution.

Calculate the the molarity of mg(oh)2 solution : 4.5 L of Mg(OH)2 solution was titrated with 5.03 mL of 0.200 M HCl. Calculate the the molarity of Mg(OH)2 solution and the ksp.

Prepare a personal budget, balance sheet and cash flow : Choose a client or yourself. For confidentiality purposes, use a fictitious name.

What is the new boiling point point of water : What is the new boiling point point of water if you add 188 grams of magnesium chloride to 1250 g of water.

What is the maximum amount of these expenditures : What Is the maximum amount of these expenditures that Egret can deduct in 2011?

Who is also the owner of a real estate development firm : Tammy Potter, a new partner with the regional CPA firm of Tower & Tower, was recently appointed to the board of directors of a local civic organization. The chairman of the board of the civic organization is Lewis Edmond, who is also the owner of ..

What is the percent of aluminum in the alloy sample : A 5.34 g sample of an aluminum alloy is reacted with hydrochloric acid to produce aluminum chloride and hydrogen gas. At a temperature of 298 Kelvin and a pressure of 1.03 atm, a volume of 1.53 L of hydrogen gas is collected.

User Account

All Pages