QuickHelper

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About QuickHelper

Levels Tought:
Elementary,High School,College,University,PHD

Expertise:
Accounting,Applied Sciences See all
Accounting,Applied Sciences,Business & Finance,Chemistry,Engineering,Health & Medical Hide all
Teaching Since: May 2017
Last Sign in: 356 Weeks Ago, 6 Days Ago
Questions Answered: 20103
Tutorials Posted: 20155

Education

  • MBA, PHD
    Phoniex
    Jul-2007 - Jun-2012

Experience

  • Corportae Manager
    ChevronTexaco Corporation
    Feb-2009 - Nov-2016

Category > Accounting Posted 21 May 2017 My Price 13.00

Case Study: Carol Jones (FIN420 WEEK2)

Question description

 

Please answer; see attached:

University of Phoenix Material

Case Study: Carol Jones

Carol works as a business representative for an import/export company. Her job provides her with the opportunity to travel and experience new things. Because she travels so much, Carol feels that she does not have a handle on her finances. She has decided to pay a visit to a financial advisor for help.

 

Carol's Salary

$2,000

  

Auto Payment

$262

    

Home

$100,000

  

Mastercard

$5,000

Int 15%

  

Gas/Heating

$100

  

Visa Card

$3,000

Int 15%

  

Electric

$125

  

Bloomingdale Card

$1,500

Int 29%

  

Water

$60

  

Personal Loan

$5,000

Int 5%, 60 mths

Internet/Cable

$150

  

Mortgage

$95,000

    

Phone

$50

  

Mortgage Payment

$796

    

Cell Phone

$200

  

Car

$20,000

    

Food

$250

  

Gym Membership

$20

    

Mortgage Payment

$796

  

Personal Loan Payment

$94

    

Car Insurance

$165

  

Carol's 401K

$50,000

    

Savings

$500

  

Auto Loan

$15,000

    

Checking

$1,000

  

Visa Payment

$60

    

Lawn Service

$100

  

Bloomingdale Payment

$30

    
     

Mastercard

$100

    

Write a 700- to 1,050-word paper that addresses the following items from the case study:

  • Apply financial planning concepts to advise Carol and explain how Carol can benefit from financial planning. Describe the benefits of using financial statements in financial planning.
  • Utilize and explain strategies that Carol can use to increase her net worth. How does this affect her cash flow?
  • Describe the sources available for asset management.
  • Compile a list oflegal protections that can be used to protect Carol’s assets.
  • Using the information provided for Carol create a balance sheet and cash flow statement. Estimate Carol’s overall net worth.

Click the Assignment Files tab to submit your assignment.

 

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Answers

QuickHelper
(10)
Status NEW Posted 21 May 2017 11:05 AM My Price 13.00

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