What is angela disposable income

Assignment Help Accounting Basics
Reference no: EM133104730

Questions -

Q1. Angela's disposable income is $2,015. Angela inspects her checkbook and her credit card bills and determines that she has the following monthly expenses: What is Angela's net cash flow?

Q2. Angela earns $2,120 per month before taxes in her full-time job and $849 before taxes in her part-time job. Her employers withhold about $701 per month from her checks to pay taxes. What is Angela's disposable income? Why is it important to track disposable income?

Q3. Angela's monthly disposable income is $2,198. She has monthly expenses of $1,846 (including recreational expenses of $279) and net cash flow of $352 per month. Angela makes a budget based on her personal cash flow statement. In two months, she must pay $457 for tags and taxes on her car. How much can Angela expect to save in the next 12 months?Part 2In the next 12 months, the amount Angela can expect to save is (Round to the nearest dollar.).

Q4. Mason selected a private university to attend. His tuition, room and board, and other costs were $44,000 per year for four years. His brother Kage attended a public institution and elected to live at home with their parents. Kage's total tuition costs were $9,100 per year. Compare the debt loads of Mason and Kage after completing their degrees, assuming they borrowed to cover all costs. Ignore interest charges.

Q5. Mia has $3,240 in assets, a finance company loan for $614, and an outstanding credit card balance of $254. Mia's monthly cash inflows are $2,202, and she has monthly expenses of $1,724. What is Mia's net worth Mia's net worth is?

Q6. Julia brings home $2,200 per month after taxes. Julia's rent is $757 per month, her utilities are $149 per month, and her car payment is $319 per month. Julia is currently paying $211 per month to her orthodontist for her braces. If Julia's groceries cost $102 per week and she estimates her other expenses to be $194 per month, how much will she have left each month to put toward savings to reach her financial goals? Given Julia's expected expenses, the amount she will have left each month to put toward savings to reach her financial goals is?

Reference no: EM133104730

Questions Cloud

Write about multitude of interventions in social work : Multitude of interventions in social work and relation being - The relation being seeks to identify a world within their relationship
What was the annual percentage rate : Suppose Oliver's account at Teachers Mutual grew by 7.65% this year. What was the annual percentage rate if interest was compounded monthly
Calculate the present value of an annuity : Calculate the present value of an annuity of $6,000 received quarterly that begins today and continues for 25 years, assuming a discount rate of 8%
Calculate variable overhead per unit : The company's budget includes $5,400,000 in fixed overhead and $3,150,000 in fixed selling and administrative expenses. Calculate variable overhead per unit
What is angela disposable income : Angela earns $2,120 per month before taxes in her full-time job and $849 before taxes in her part-time job. What is Angela disposable income
Post the transactions to the appropriate T-accounts : Record the following transactions in proper journal form, post the transactions to the appropriate T-accounts and create a trial balance at July 31, 2017
What amount of equity method income would matthew recognize : What amount of equity method income would Matthew recognize in 2018 from its ownership interest in Lindman
Prepare adjusting journal entries required as at december : On January 2, 20x3, a company sold a large piece of machinery with a list price of $500,000. Prepare adjusting journal entries required as at December
Product manual for mini crustless quiche muffin : Make a product manual for mini crustless quiche muffin product - making the product manual by using nutrition calculator to find my ingredients nutrition values

Reviews

Write a Review

Accounting Basics Questions & Answers

  Prepare the journal entry to record the interest revenue

Prepare the journal entry to record the interest revenue on December 31, 2020. Prepare the journal entry at the date of the bond purchase.

  Amount of stockholder equity

If total assets increased $164,300 during the year and total liabilities decreased $79,650, what is the amount of stockholders' equity at the end of the year?

  Calculate the direct labour cost of the 4th batch

Calculate the average direct labour cost per batch of the first four batches,

  What should be the total goods available for sale

What should be the Total Goods Available for Sale? Purchase Returns and Allowance, 40,000. Merchandise Inventory - beg, 200,000

  Should the degree of risk have any bearing on decision

What is the likely outcome if Leroy agrees to review the bid? Is there much risk to him personally if he reviews the bid?

  Make the correcting entry

On March 8, Saltwater Taffy Company bought supplies on account from the Sweet Honey Company for $440. Make the correcting entry

  How to record the eliminations of the goodwill

How to Record the eliminations of the goodwill and its impairment, if any, that are necessary 10 years after the control date, assuming no further impairment.

  Evaluate the management control system

In point form, list the advantages and disadvantages that residual income might have over the use of ROI at Riverside. Evaluate the management control system

  Suppose a holiday inn hotel has an annual fixed costs

suppose a holiday inn hotel has an annual fixed costs applicable to its rooms of 1.2 million for its 300 room hotel.

  Problem - Calculating the WACC

Market: 12 percent expected return, risk-free rate of 3.5 percent, and a 35 percent tax rate. Calculate the WACC for Parrothead Enterprises

  Show all financial statement effects of this long term bond

insurance companies and pension plans hold large quantities of bond investments. discount insurance corp purchased

  Prepare a note disclosure relating to this incident

Several months ago, Reiltz Industries, Inc. experienced a hazardous materials spill at one of its plants. Prepare a note disclosure relating to this incident

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