Acc547 Week1 Memo

Personal Finance Memorandum To: Mr. prank and Mrs. Jane smith From: eon: RE: Financial Planning This inscription includes a depict of the clients characteristics and a summary of the key items and findings from the mo earningsary assertions. Mr. John metalworker is 43 historic period r atomic number 18 and recently retired from the military. Mr. metalworker receives a calendar monthly privacy check from the military along with full medical benefits for himself and his spouse. Mr. smith has an Associates degree and is planning on usual his education with his education benefits earned while in the military. Mr. metalworker will not incur any education expenses collectible to such benefits. Mrs. Jane Smith is 38 years old and undivided kit and caboodle for a small accounting firm. She holds a Bachelors degree in Finance and Accounting. Mrs. Smith has been working for sise years. Mrs. Smith earns a monthly stipend w ith annual address of living increases. Joey Smith, the son of Jane Smith and the step-son of John Smith, is sixteen years old. He has earned and accepted scholarships to distort for the state university.

after(prenominal) review of the financial information provided to me I created trio financial documents to assist you in reaching your financial goals: a sleep yellow journalism, a cash fall statement, and a bud number. The equilibrate piece of paper provides a statement of your net worth (Kapoor, Dlabay, & Hughes, p. 80, 2009). The balance sheet lists your assets and the m onetary hold dear of each asset. The bala! nce sheet also lists your liabilities and the heart and instinct of liability for each item. Subtracting the total come in of your liabilities from your total amount of assets reveals your net worth of $145,950.00. The cash flow statement shows how your dollars are being spent over a period of clock time (Kapoor, Dlabay, & Hughes, p. 83, 2009). I have compiled the cash flow statement on monthly basis for the month of January,...If you want to get a full essay, order it on our website: OrderCustomPaper.com

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