Focus on Personal Finance (6th Edition)

Chapter 2

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The money management strategy includes the ... more

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Digital cloud storage is the best way to store ... more

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The three important activities of money ... more

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The following are the benefits of an organized ... more

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Financial documents are the part of financial ... more

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The personal cash flow statements of an individual... more

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The purpose of personal financial statements are ... more

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A personal balance sheet indicates the financial ... more

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An asset refers to a resource that has some ... more

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The liquid ratio indicates that Individual J could... more

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A budget does not require any minimum amount of ... more

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Owing to the reduction in income, an individual ... more

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The following are the objectives of the budget:... more

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A delay in marriage, a delay in parenthood, and ... more

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Fixed expenses are the ones that do not change ... more

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There is a surplus of $80 in the estimated budget ... more

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Savings generally start in an individual's life at... more

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The financial statements help to determine the ... more

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The savings can be made easier in the following ... more

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A balance sheet is a statement showing balances of... more

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The answer may vary from one individual to another... more

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$82,000 ; Liabilities of $63,000 are deducted from... more

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$(17) ; Actual spending of $227 is deducted from ... more

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Family F’s debt ratio is 0.376. The comparable ... more

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The current ratio of Individual C is 1.10. Current... more

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In Case A cash surplus of $154.In Case B cash ... more

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Surplus on food  is $62Deficit on transportation ... more

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$6,878.33 ; Identify the inputs for the number of ... more

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$7,128.80 ; Identify the inputs for the number of ... more

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Poor money management decisions are:Not preparing ... more

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The common assets held in Country U by households ... more

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The following apps listed below help in budgeting ... more

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A saving plan can be developed by adopting the ... more

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The reasons for deficit budget include:Improper ... more

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Fooding expenses, wifi service charges, auto ... more

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Setting up of a financial objectiveEstimation of ... more

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The personal balance sheet represents the current ... more

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The debt ratio is 0.69 times. No, the relationship... more

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Yes, as per the advice of  the financial expert, ... more

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A budget allocation schedule helps determine the ... more

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Daily spending diary helps in ascertainment of ... more

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Daily spending diary can act as a reference tool ... more

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Digital cloud storage is the best way to store ... more

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The net worth for an individual is the difference ... more

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Miscellaneous and other unnecessary expenses have ... more

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Budget is helpful in keeping a check on all income... more

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