systems and subsystems, Finance Basics

Assignment Help:
SCENARIO

You have just moved out of home and have a part-time job that pays you $18 per hour after tax (you work 20 hours a week). You also have $5000 in a savings account. You have found a share house where you pay $70 per week to share with 3 other people (total rent is $280 per week). The house has 4 bedrooms and 2 bathrooms.


REQUIREMENTS

1. Outline your character and housemates. Explain the job you have, and any connection you have with support systems (e.g. – church, family, clubs, etc.).

2. Develop a Personal Financial Plan (budget) based on the scenario given. This plan must include a realistic personal budget that aims to satisfy your goal of providing long-term financial security for yourself. Remember to estimate living costs.

3. Outline a job roster for the household. Assume that all housemates are available from 6pm onwards each evening.

4. Find (online or from a bank) a savings plan that suits your situation. Explain WHY you have chosen it, using the guidelines from the textbook.

5. Find a vehicle to purchase (must have the advertisement to include in your assignment). Explain why this vehicle is appropriate, and research the associated costs (e.g. – registration, insurance, etc.).

This is a student-based inquiry. Present your findings in one of the following formats:

- An essay or report.

Related Discussions:- systems and subsystems

Operational and financial aspects , In mergers, acquisitions, or other rela...

In mergers, acquisitions, or other relationships between hospitals and physician groups, what are the benefits to each party from entering into an arrangement with the other? What

Determine the net present value and internal rate, Berick Ltd is a relative...

Berick Ltd is a relatively small engineering company that manages to compete effectively with larger companies by adapting to changing market requirements and specialising in innov

Define the process of opening an account with broker, Define the process of...

Define the process of Opening an Account with Broker After a broker has been selected, the investor has to place an order on the broker. The broker will open an account in t

Potential investors - measuring business performance, Potential Investors -...

Potential Investors - Measuring Business Performance Potential investors These parties are interested in a company in total both on long and short term basis in particula

Gordeon''s Model, what is the price of the share net sales Rs.120lakhs ne...

what is the price of the share net sales Rs.120lakhs net profit margin 12.5% no. of equity shares 25,000 cost of equity shares 12% retention ratio 40% rate of interest(ROI) 16%

Effective financial management, Financial management is very important for ...

Financial management is very important for any organization as at the end what does matter is the money. An effective financial management is of high importance for ensuring the be

Computer the fair value of the stock, Future Ltd is a leading music enterta...

Future Ltd is a leading music entertainment company in the country and the stocks of the company are actively traded in the stock exchange. For the year just ended few days back,

Find the ytm and what is its roe, 1. Find the price of the following bonds....

1. Find the price of the following bonds. They are all risk-free, and the risk-free rate is 10%. (a) A fifteen-year zero coupon bond with face value $1,000. (b) A three year

T accounts, Accounting Exercise AVM 386 Fall 2014 Misty Mark, an infamous ...

Accounting Exercise AVM 386 Fall 2014 Misty Mark, an infamous archer, decided to open an archery business called Bows and Biceps. The following is a list of transactions for Bows

Write Your Message!

Captcha
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