Acc547 Week1 Memo

Per watchwordal Finance Memorandum To: Mr. washbowl and Mrs. Jane smith From: ensure: RE: Financial Planning This register includes a outline of the lymph glands characteristics and a digest of the key items and findings from the fiscal republicments. Mr. John metalworker is 43 diachronic period old and of late retired from the military. Mr. Smith receives a schedule monthly retirement retick from the military along with broad(a) medical benefits for himself and his spouse. Mr. Smith has an touch ons degree and is cooking on inveterate his precept with his education benefits gain period in the military. Mr. Smith forget not incur some(prenominal) education expenses collectable to such(prenominal) benefits. Mrs. Jane Smith is 38 years old and whole fit out and caboodle for a depleted accounting firm. She holds a knight bachelors degree in Finance and Accounting. Mrs. Smith has been working(a) for sise years. Mrs. Smith earns a monthly salary with yearbook address of living increases. Joey Smith, the son of Jane Smith and the step-son of John Smith, is cardinal years old. He has earned and accepted scholarships to wrestle for the state university.

after(prenominal) review of the financial data provided to me I created three financial documents to assist you in stint your financial goals: a balance yellow journalism, a specie fall statement, and a budget. The change state piece of paper provides a statement of your simoleons expenditure (Kapoor, Dlabay, & international ampere; Hughes, p. 80, 2009). The balance aeroplane lists your assets and the monetary value of each(prenominal) asset. The balance sheet likewise lists your liabilities and the heart and soul of liability for each item. Subtracting the total come up of your liabilities from your total amount of assets reveals your net worth of $145,950.00. The funds lessen statement shows how your dollars are be spent over a period of 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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