Preparing Income and Expense Statement: Sara and Rahim are about to construct their income and expense statement for the year ending August 31, 2020. They have put together the following income and expense information for 2020: RAHIM's salary Sara's Salary OMR. 5200 OMR. 4000 Rent received OMR. 2000 Interest on: Fixed account 300 Bonds of Sama Corporation 500 Groceries 600 Rent paid Utilities Gas and auto expenses KIDS tuition, books, and supplies Books, magazines, and periodicals Clothing and other miscellaneous expenses Rahim's travel expenses Purchase of a used car (cost) Outstanding loan balance on car Purchase of bonds in Sama Corporation Using the information provided, prepare an income and expense statement for Sara and Rahim for the year ending August 31, 500 80 20 500 40 1600 400 6560 2780 678 2020

Hazha graduated from AUIS with BA from business administration, she start works as finance officer in a British company. She use the knowledge she learn from FIN301 class to plan for her future. She start saving at age of 25 years old, $300 a month until. Hazha got married at age 30 and also got promoted from her job, she increases saving to $500 a month. How much money she will have when she retiared at age of 60, if she invested all her saving in an investment company that pay 11% return annually compounding annually.

You are scheduled to graduate from the college student in May. You have received two job offers as follows: A position at a large accounting firm with a salary offer of $70,000/year. The firm typically provides annual pay raises in the amount of 4% per year. You will likely be promoted every other year and receive a $10,000 raise at the time of each promotion. A position at a bank with a salary of $78,000/year. The firm typically provides annual pay raises in the amount of 4% per year. You will not be eligible for promotion until your 5th year and will have to change employers after that to obtain further promotions. The benefits, hours, working conditions, and other factors relating to the two positions are otherwise indistinguishable. Using a ten-year time horizon and a 5% discount rate, what is the present value of each position? Considering only the monetary factors, which position should you accept, why? In today's money, how much better is the more favorable of the two positions…

Jimmy Comfort was Interested in pursuing a second career after retiring from the military. He signed up with Twitter to help network with individuals in his field. Within 1 week, he received an offer from a colleague to join her start-up business in Atlanta, Georgia. Along with his salary, he receives 100 shares of stock each month. Assume the stock is worth $4.50 a share. What is the value of the 100 shares he receives each month? Value of the shares Saved W

Jenny owns a large-scale swimming school - Women On Water. To become a member and student, individuals need to sign up for membership, of which there are three levels: Gold, Silver and Bronze. Jenny has come to you for help in preparing her budgets for the next 12 months, ending 31 July 2022. Based on expert marketing analysis, the number of memberships sold next year is expected to be 150 Gold, 100 Silver and 400 Bronze, and the membership fee is $5000, $2000 and $1000, respectively. Gold members have 24-hour-a-day access, including to night access to facilities; Silver members have daily access from 9 a.m. to 5 p.m., and Bronze members have access on weekends between 11 a.m. and 4 p.m. Jenny has hired a number of employees (10) on various salaries: 1 coaching director 3 coaches 2 trainers $150 000 per year $90 000 each per year $90 000 each per year $80 000 each per year $70 000 per year 3 administrative staff 1 medical staff 1 coaching director 3 coaches 2 trainers $150 000 per year…

13. Moreon the time value of money The time value of money concept can be applied in various situations and is a fundamental concept underlying other financial concepts. Consider the following example of the application of this concept. Charles is a divorce attorney who practices law in New York City. He wants to join the American Divorce Lawyers Association (ADLA), a professional organization for divorce attorneys. The membership dues for the ADLA are $550 per year and must be paid at the beginning of each year. For instance, membership dues for the first year are paid today, and dues for the second year are payable one year from today. However, the ADLA also has an option for members to buy a lifetime membership today for $5,000 and never have to pay annual membership dues. Obviously, the lifetime membership isn’t a good deal if you only remain a member for a couple of years, but if you remain a member for 40 years, it’s a great deal. Suppose that the appropriate annual…

explain how you would position the applicable and needed insurance solutions to fit both the clients budget and needs for the following instances: Winston and Neisha have been married for almost 40 years. Neisha is 60 and Winston is 63. Neisha works in HR with her present company and has $300,000 in retirement savings. Winston works for the state government which provides him a pension of $1,500 per month (100% transferrable to Neisha) and $200,000 in a 457b plan. They have no debt and full health care benefits through Winston. They will have $2,500 per month combined Social Security income, no debt, and monthly expenses of $5,000. They plan to retire when Winston is 65 years old.   Austin and Jenifer are both 35 years old with two (2) children ages 7 & 9. Austin works as an IT Manager with a medium-size firm and his salary is $120,000 annually. Jenifer stays at home with their children and works part-time earning approximately $10,000 to $15,000 a year. They had no other debt…

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If your friend asks you to invest into his two year old restaurant as a partner, which is expanding and needs money to open a second restaurant in another location, will you agree? What factors will you consider in making the decision? Will your answer be different if he asks you to personally loan him the money that he will in turn invest into the business? Why or why not?