Annual set of financial statements

Assignment Help Business Management
Reference no: EM131012685

Maria and John Sanchez have just completed their third annual set of financial statements. They met in a personal finance class at State University and still remember their instructor's advice regarding the importance of knowing their financial condition and progress. Even before they got married, they decided that each year on February 2 (Groundhog Day) they would update their income and expense statement and their balance sheet.

The following information is taken from their latest financial statements:

Monetary assets $4,060
Tangible assets $35,800
Investment assets $15,005
Short-term liabilities $3,690
Long-term liabilities $27,350
Annual gross income $48,000
Annual take-home income $35,000
Annual expenses (including taxes and debt repayment) $46,800
Annual debt repayment $8,700

Reference no: EM131012685

Describe purpose and type of learning program

Describe adult learning principles and explain how these may be applied in designing a learning program and discuss changes to training packages and accredited courses and how

Supply chain management - definition

Explain what supply chain management refers to and how it might differ between service type businesses and product type businesses, and between retail and manufacturing type

Benefits of growing gm seeds

1. Does Monsanto maintain an ethical culture that effectively responds to various stakeholders? 2. Compare the benefits of growing GM seeds for crops with the potential negati

Diameter of a tube has a normal distribution

The diameter of a tube has a normal distribution with a measure of .4 inches and a standard deviation of .04 . What is the probability that the diameter is between .34 inche

What should brewerton do to maximize his expected payoff

If he does not exercise this option, then the payoff is $40,000. - What should Brewerton do to maximize his expected payoff?  - What is the value of this expected payoff?

Via survey of character strengths results

Consider your results from the VIA Survey of Character Strengths results and how these impact your perspectives on all the advice and voices competing for your attention, re

Parts of the gdp this article talks about

1. How this reading relates to chapter 10? 2. What parts of the GDP this article talks about? Explain and provide examples.  3. What did you find interesting/not interesting i

Because of a reduction in demands for good

Because of a reduction in demands for goods and services production and real GDP go down. As a result many people lose their jobs. These people who lose their jobs are class

Reviews

Write a Review

 
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