Questions from Personal Finance

Q: What is a balance sheet, and why is it important?

What is a balance sheet, and why is it important?

Q: What is the major difference between household accounting and business accounting?

What is the major difference between household accounting and business accounting?

Q: What is household equity, and how do you calculate it?

What is household equity, and how do you calculate it?

Q: What is a cash flow statement, and why is it important

What is a cash flow statement, and why is it important?

Q: Detail the sections of a functional cash flow statement.

Detail the sections of a functional cash flow statement.

Q: Contrast a functional and a traditional cash flow statement.

Contrast a functional and a traditional cash flow statement.

Q: Kenneth was considering whether to place $10,000 in a

Kenneth was considering whether to place $10,000 in a tax-deferred annuity or a tax-free municipal bond. Assume the municipal bond returned 5 percent a year and the tax-deferred annuity 6 percent. Cal...

Q: What is a pro forma statement? What is its use?

What is a pro forma statement? What is its use?

Q: How do you establish trust?

How do you establish trust?

Q: What is debt’s role in the household?

What is debt’s role in the household?