Question

In: Finance

1. Evaluate the following using the S.M.A.R.T. planning model and information in this section using the...

1. Evaluate the following using the S.M.A.R.T. planning model and information in this section using the information below:

a. pay off student loan

b. buy a house and save for children's education

c. accumulate assets

d. retire

e. travel around the world in a sailboat.

Alice's assets may be a car worth about $5,000 and a savings account with a balance of $250. Debts include a student loan with a balance of $53,000 and a car loan with a balance of $2,700; these are shown below:

Alice's Financial Situation

ASSETS Car $5,000 Savings $250 Total $5,250

DEBTS Car Loan 2,700 Student Loan 53,000 Total 55,700

Her annual disposable income (after-tax income or take-home pay) may be $35,720, and annual expenses are expected to be $10,800 for rent and $14,400 for living expenses—food, gas, entertainment, clothing, and so on.

annual loan payments are $2,400 for the car loan and $7,720 for the student loan.

This is shown below:

Alice's Income and Expenses After tax income $35,720 Rent $10,800 Living expenses $14,400 Remaining for debt reduction and savings $10,520 students loan payments $7,720 car loan payments $2,400 remaining for savings $400

Expert Solution

jeff jeffy answered 1 year ago

PLANNING S.M.A.R.T. GOALS | WRITE AN ESSAY | - YOU ARE PLANNING TO LAUNCH THE SMART...

PLANNING S.M.A.R.T. GOALS | WRITE AN ESSAY | - YOU ARE PLANNING TO LAUNCH THE SMART PHONE THAT IS BETTER THAN THE SAMSUNG GALAXY AND THE APPLE IPHONE...WHAT ARE YOUR S.M.A.R.T GOALS? WRITE AN ESSAY F 250 - 300 WORDS WITH AN INTRODUCTION, BODY AND CONCLUSION

1. Complete the Adjustments section of the work sheet using the following information: On October 30,...

1. Complete the Adjustments section of the work sheet using the following information: On October 30, an inventory of the supplies showed that items costing $1,730 were used this month. Record an adjustment for the supplies used in October. On October 1, 20xx the company purchased a twelve-month insurance policy for $8,400. Record an adjustment for the expired insurance during the month of October. On October 3, the company purchased a six-month advertising contract for $4,800. Record an adjustment for...

Prepare a stockholder's equity section of the balance sheet by using the following information: 1. Studley...

Prepare a stockholder's equity section of the balance sheet by using the following information: 1. Studley Inc. was organized and authorized to issue 10,000 shares of $100 par value, 5% percent preferred stock, and 150,000 shares of $1 par value common stock on September 1st, 2019 a. Issued 2,000 shares of preferred stock b. APIC – preferred 15,000 c. Issued 58,000 shares of common stock d. APIC - Common 154,000 e. APIC - Treasury 15,750 e. Had 3,000 shares of treasury stock at a...

Problem 2: Evaluate the following postfix expression, using the rules given in Section I of Lab...

Problem 2: Evaluate the following postfix expression, using the rules given in Section I of Lab 10: 1 5 4 – 3 + * 3. Computer Science

Using the Yahoo! properties mentioned in Chapter 11- 11.2 section, evaluate a particular brand by using...

Using the Yahoo! properties mentioned in Chapter 11- 11.2 section, evaluate a particular brand by using relevant keywords to see what comes up in a search. What did you find? Give examples. Are you surprised by what you saw?

Prepare a stockholder's equity section of the balance sheet in proper format using the following information....

Prepare a stockholder's equity section of the balance sheet in proper format using the following information. (Remember treasury stock is common stock) Poppa Inc. was organized and authorized to issue 25,000 shares of $500 par value, 4% percent preferred stock, and 250,000 shares of $6 par value common stock on July 1, 2019 a. Issued 1,200 shares of preferred stock b. APIC – preferred 15,000 c. Issued 60,000 shares of common stock d. APIC-Common 194,000 e. Had 3,000 shares of treasury stock at a cost...

Answer the following questions using the information below: ABC Corp. used the following data to evaluate...

Answer the following questions using the information below: ABC Corp. used the following data to evaluate its current operating system. The company sells items for $21 each and used a budgeted selling price of $21 per unit. Actual Budgeted Units sold 180,000 units 185,000 units Variable costs $1,080,000 $1,295,000 Fixed costs $ 800,000 $ 775,000 1) What is the static-budget variance of revenues? A) $105,000 favorable B) $105,000 unfavorable C) $8,000 favorable D) $8,000 unfavorable 2)...

3. Using the following information, evaluate the business value for the owner: EBITDA = $430,000 Entrepreneur...

3. Using the following information, evaluate the business value for the owner: EBITDA = $430,000 Entrepreneur bonus = $32,000 Sector Profit Multiple = 3 Long term business debt = $124,000 If the entrepreneur had invested $600,000 in this new, what would be the expected return (in %) on his investment by selling his firm by the estimated value calculated below? Show all steps in the table below (3points)

1. Required information Use the following information for the Quick Study below. The plant assets section...

1. Required information Use the following information for the Quick Study below. The plant assets section of the comparative balance sheets of Anders Company is reported below. ANDERS COMPANY Comparative Balance Sheets 2017 2016 Plant assets Equipment $ 220,000 $ 310,000 Accum. Depr.—Equipment (116,000 ) (226,000 ) Equipment, net $ 104,000 $ 84,000 Buildings $ 420,000 $ 440,000 Accum. Depr.—Buildings (124,000 ) (309,000 ) Buildings, net $ 296,000 $ 131,000 QS 16-6 Indirect: Computing investing cash flows LO P2 During...

Complete section 1 on form 941 with the following information: # of employees for pay period...

Complete section 1 on form 941 with the following information: # of employees for pay period that include September 12 – 14 employees Wages paid third quarter - $79,750.17 Federal income tax withheld in the third quarter - $9,570.17 Taxable social security and Medicare wages - $79,750.17 Total tax deposits for the quarter $21,771.83 Complete sections 2, 3, 4, and 5 with the following information: Cruz Company is a monthly depositor with the following monthly tax liabilities for this quarter:...