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

Fixed assets or sales ratio, Last year Nymphe Technologies had $450 million...

Last year Nymphe Technologies had $450 million of sales and $270 million of fixed assets, so its FA/Sales ratio was 60%.  However, its fixed assets were used at only 75% of capacit

Mm dividend irrelevance theory, MM Dividend Irrelevance Theory Such wa...

MM Dividend Irrelevance Theory Such was advanced via Modigliani and Miller in 1961.  The theory asserts to a firm's dividend policy has no effect on cost of capital and on its

Calculate return on common equity, At the end of the fiscal year ending Jun...

At the end of the fiscal year ending June 30, 2003, Microsoft reported common equity of $64.9 billion on its balance sheet, with $49.0 billion invested in financial assets (in the

Joint stock companies - types of business organisations, Joint Stock Compan...

Joint Stock Companies - Types of Business Organisations Initiators contribute to the capital support of those companies via the purchase of shares of those companies. These co

Finance calculation, #ques1. Steve and Ed are cousins who were both born on...

#ques1. Steve and Ed are cousins who were both born on the same day, and both turned 25 today. Their grandfather began putting $2,500 per year into a trust fund for Steve on his 20

Bank draft, what is bank draft?How it can be prepared?

what is bank draft?How it can be prepared?

Non-linear Break Even Analysis, International Data Systems information on r...

International Data Systems information on revenue and costs is only relevant up to a sales volume of 100,000 units. After 100,000 units, the market becomes saturated and the price

What is the execution of order in the stock exchange, What is the Execution...

What is the Execution of order in the Stock Exchange When broker receives the margin money and is clear about the order received by him, he puts details in the 'order book'.

Social responsibility - objectives of business entity, Social responsibilit...

Social responsibility - Objectives of Business Entity The firm must decide where to operate strictly in their shareholders' best interests or be responsible to their staff, th

Financial markets, what are the main function of the derivative market

what are the main function of the derivative market

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