Acc 547 Week 1 Personal Budget

Running Head: PERSONAL BUDGET, BALANCE SHEET AND bullion FLOW Personal Bud bushel, vestibular sense canvass, and interchange Flow Statement ACC/547 University of Phoenix Personal Budget, Balance Sheet and Cash Flow Statement stocky Many factors unhorse out an impact on the pecuniary planning of families, individuals, and businesses. Factors such as background, age, education, income, dependents, and goals all affect the pecuniary statements of individuals. Planning c befully and memory accurate records of in-person finances help to farm a better understanding of a persons pecuniary status. Careful planning and record keeping of personal or company finances is extremely important for evolution considerably spending habits and enjoying financial success (Kapoor, Dlabay, & Hughes, 2009). The following memo provides a summary of facts, such as age, dependents, education, income status, conce rns, and goals, regarding gobbler and execute. Additionally, an compend of tom and actions personal budget, balance sheet, and cash carry statement is provided with recommendations of improvement to their current financial situation. Summary of Facts turkey cock is currently 45 and his wife Sue is 32.

Tom and Sue have a 22 month old daughter. Tom also has two other kids with his preliminary wife that are 21 and 19. Tom received a high give instruction diploma and Sue established her bachelors full point in financial casting and almost finished with her subjugates in accounting. Tom has owned an auto-parts st ore for 12 years and owns a pursuit safari ! business and he earns a annually income of $120,000. Sue has her own salon and is chef during the hunting season for the watch they own and she earns a yearly earnings of $48,000. Two study concerns regarding Tom and Sues financial status is their inhabit egg and investments. They have a sizeable savings account of $220,000. Their plans for the future are to purchase a brook in another country to eventually move...If you want to get a full essay, order it on our website: BestEssayCheap.com

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