Cash Flow Statement Balance Sheet Cash Inflows: Monthly Assets: Anna paycheck (n
ID: 2525833 • Letter: C
Question
Cash Flow Statement
Balance Sheet
Cash Inflows: Monthly
Assets:
Anna paycheck (net):
$ 6,209.00
Primary Residence FMV
$ 240,000.00
John paycheck (net):
$ 4,801.00
Auto 1 (Honda Accord)
$ 21,500.00
Total inflows
$ 11,010.00
Auto 2 (GMC Truck)
$ 1,600.00
Jewlery
$ 18,450.00
Cash Outflows: Monthly
Gun Collection
$ 3,500.00
Mortgage (Primary Home)
$ 1,066.00
Triathalon Bikes
$ 5,500.00
Auto 1
$ 483.00
Furniture
$ 45,000.00
Student Loan
$ 754.00
401(k)s
$ 40,000.00
Credit Cards
$ 300.00
Investments
$ 25,000.00
Grade School Tuition
$ 600.00
Total Assets
$ 400,550.00
Daycare
$ 800.00
Groceries
$ 840.00
Liabilities:
Utilities
$ 1,200.00
Primary Mortgage
$ 213,031.00
Entertainment
$ 600.00
Auto 1
$ 20,580.00
401(k)s
$ 900.00
Student Loan -Anna
$ 59,844.00
Investments
$ 1,000.00
Credit Cards
$ 6,000.00
Total Outflows
$ 8,543.00
Grade School Tuition
$ 43,200.00
Total Liabilities
$ 342,655.00
Monthly Net Income
$ 2,467.00
Net Worth
$ 57,895.00
What is the cash and cash equivalent?
what is the personel use ?
investment assets ?
Cash Flow Statement
Balance Sheet
Cash Inflows: Monthly
Assets:
Anna paycheck (net):
$ 6,209.00
Primary Residence FMV
$ 240,000.00
John paycheck (net):
$ 4,801.00
Auto 1 (Honda Accord)
$ 21,500.00
Total inflows
$ 11,010.00
Auto 2 (GMC Truck)
$ 1,600.00
Jewlery
$ 18,450.00
Cash Outflows: Monthly
Gun Collection
$ 3,500.00
Mortgage (Primary Home)
$ 1,066.00
Triathalon Bikes
$ 5,500.00
Auto 1
$ 483.00
Furniture
$ 45,000.00
Student Loan
$ 754.00
401(k)s
$ 40,000.00
Credit Cards
$ 300.00
Investments
$ 25,000.00
Grade School Tuition
$ 600.00
Total Assets
$ 400,550.00
Daycare
$ 800.00
Groceries
$ 840.00
Liabilities:
Utilities
$ 1,200.00
Primary Mortgage
$ 213,031.00
Entertainment
$ 600.00
Auto 1
$ 20,580.00
401(k)s
$ 900.00
Student Loan -Anna
$ 59,844.00
Investments
$ 1,000.00
Credit Cards
$ 6,000.00
Total Outflows
$ 8,543.00
Grade School Tuition
$ 43,200.00
Total Liabilities
$ 342,655.00
Monthly Net Income
$ 2,467.00
Net Worth
$ 57,895.00
Explanation / Answer
Cash and Cash Equivalents-Investments $25000(They could be Cash and cash equivalents, as investments can be sold in the open market and can be exchanged for cash, nothing is mentioned, thus Assumed as short term investments)
Personal Use: Furniture$45000,Auto1(Honda Accord) $21500, Auto2(GMC Truck)$1600 and Triathalon Bikes $5500(The Value of Furniture and Vehicles, are going to depreciate in the future thus they are considered as personal assets)
Investment Assets-401k(s) $40000, Primary Residence $24000, Jewellery $18450, Gun Collection $3500(Value of land, jewellery, residence and 401k(s) Investments will appreciate in the future.Thus, considered as Investment assets.)
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