Managing Personal Finance

Question 1 Inflow (Cash Flow Statement for year 2011) officious Income Mr and Mrs Tan Gross Salary and bonus(Including employer CPF)……….....$180,000 Mr and Mrs Tan CPF Contribution ……………………………………………….$28,800 Dividend income …………………………………………………………...$13,200 supine Income Rental income ……………………………………………………………...$3,600 Interest income……………………………………………………………. $1,550 union income……………………………………………………………….$227,150 Outflow Fixed Insurance Premium …………………………………………………………$13,300 owe repayment ……………………………………………………….$36,000 Monthly loan instalment……………………………………………………$26,400 Car installation ……………………………………………………………..$32,400 Judys mothers allowance………………………………………………….$3,6000 Total stiff expenses……………….……………………………………….$144,100 Variable Tax………………………………………………………………………….$3,000 Food………………………………………………………………………..$5,000 Investment property maintenance………………………………………….$2,000 shipping………………………………………………………………$2,000 Car maintenance……………………………………………………………$7,000 Clothing……………………………………………………………………$8,000 Entertainment/Vacation……………………………………………………..$10,000 medical checkup/Dental……………………………………………………………...$8,500 Utilities/Household expenses……………………………………………….$5,500 Childrens school fees………………………………………………………$12,000 Maid………………………………………………………………………….

$8,000 various………………………………………………………………..$2,000 Total Variable expenses …………………………………………………….$73,000 Total Expenses…………………………………………………………….$217,100 Surplus ……………………………………………………………………$10,050 (positive) Net worth(predicate) statement of Judy and Gregory as at 31 December 2011 Assets legal transfer account……………………………………………………………..$15,000 Fixed Deposit……………………………………………………………….$100,000 Current account…………………………………………………………….$40,000 Total Cash………………………………………………………………….$155,000 Invested Assets Residential property……………………………………………………….$800,000 Stock portfoilio……………………………………………………………$220,000 Mr and Mrs Tan CPFs Ordinary Account………………………………..$100,000 Mr and Mrs CPF Special Account ……………………………………….$85,000 Insurance (Cash Value... If you hope to get a full essay, order it on our website: Ordercustompaper.com

Ordercustompaper.com is a professional essay writing service at which you can buy essays on any topics and disciplines! All custom essays are written by professional writers!