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Unformatted text preview: $ 50.00 MEDICAL EXPENSES $ 25.00 ELECTRICITY $ 60.00 PERSONAL CARE $ 35.00 YEARLY EXPENSES LIFE INSURANCE' $ 600.00 APARTMENT INSURANCE $ 600.00 ENTERTAINMENT & RECREATION $ 1,8000 CLOTHING $ 3,000.00 GIFTS $ 400.00 DONATIONS $ 200.00 REQUIRED 1. Prepare a cash flow statement for Claire segmenting expenses between fixed and variable expenses. Use the following sequence: a. Calculate Fixed Expenses b. Calculate Variable Expenses c. Calculate Total Expenses d. After tax income e. Surplus Cash Flow 2. Will Claire be able to meet her objectives of buying the car and contributing $4,000 to her RRSP? 3. Do you have advice or recommendations for Claire...
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- Spring '11
- Expense, Payment, Following