FIN504.Week1 - P1-1 a) b) c) Harper has unlimited lianility...

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P1-1a)Harper has unlimited lianility and is responsible for the full debtb)Harper has unlimited lianility and is responsible for the full debtc)Due to being a corporation, Harper only has a liable for a maximum
m of $25,000 that she invested
a)Cash inflowb)Net Cash FlowInterest Received450InflowSalary4,500OutflowTotal:4,950Net:Cash OutflowClothes1,000Dining out500Groceries800Auto payment355Utilities280Mortgage1,200Gas222Total:4,357
wc)d)4,9504,357593If cash outflow is greater than cashinflow creating a shortage Jane couldcut spending in outflow accounts thatare not essencial for living such asclothes and limit her extra driving toretain gas.
In the case of a surplus Jane should evaluate her cash flow for the month andcompare it to other months to determin if all expenses are being metproperly.She may find other bills that were not accounted for, or verify that a current billis lower than usual with a possible higher one in the next months. In this caseshe should save or invest her surplus. Investing her surplus, if it is a truesurplus, in the ank would create a larger investment outcome later for expenses

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Term
Spring
Professor
ProfessorWhite

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