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1. Since a budget is made up of fixed expenses and variable expenses, identify which of Sonny's expenses fall into each category. Then total each category and compare it to his monthly income to determine if he has a surplus or deficit.
2. Based on the information above, how much should Sonny have in an emergency fund? What steps should he take to reach this amount?
3. Describe how Sonny might use the following Personal Financial Planner sheets for assessing his financial condition (creating a personal balance sheet, cash flow statement anddeveloping a personal budget)
Finance is about Gunns Ltd, a company in dealing with forestry products in Australia. The company has also been listed in Australian Stock Exchange. As many companies producing forestry products, even Gunns Ltd is facing various problems. Due to the ..
This report is specific for a core understanding for Financial Accounting and its relevant factors.
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