Essays on Davids and Jennifers Financial Situation Case Study

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The paper "David’ s and Jennifer’ s Financial Situation " is a perfect example of a finance and accounting case study. This section will address David’ s and Jennifer’ s financial situation individually as well as their joint financial situation. This will capture current incomes and savings, current expenses and obligations, and net incomes along with the future implications of their current situation. Incomes and Savings David David has a single source of income (IT business) from which he rakes in $85,000 per year. His savings include $65,000 cash Self Managed Superfund, a $10,000 term deposit.

Therefore, at present, David has a total financial standing of $160,000. Jennifer Jennifer is lucky to be employed from where she earns an enviable annual salary of $135,000. She also has savings in a Capital Guaranteed Fund worth $167,000. Her gross financial status amounts to $302,000 Joint Both David and Jennifer own several assets that are; A home, currently valued at $950,000 A $20,000 savings for emergencies Rent income amounting to $13,260 They own a Seaside Town Investment Unit valued at $215,000 Total joint value is $1,198,260 Expenses and Obligations David David is expected to pay his income tax that amounts to $19,397 His Self Managed Fund will cost him a total of $10,850 Total expenses equal to $30,247 Taking care of his younger brother Jennifer Jennifer has to remit tax on her salary amounting to $37,897 Her Capital Guaranteed Fund will cost her $10,000 Total expenses equal to $47,897 Joint Together, David and Jennifer are expected to; Pay their kids school fees amounting to $65,000 Mortgage costs equalling to $70,740. Salary to the agent managing their Seaside Town Investment Unit of $928.20 Interest on Line of Credit totalling to $105,090 A minimum credit card charge of $1,275.77 Total joint expenses equal to $243,033.97 Net Income David: He has a net income of $129,753 Jennifer: She has a net income of $254,103 Joint: Their net joint venture is equal to $955,226.03 Future Predictions From the information above, David and Jennifer individually and jointly appear to be in a stable financial position which can enable them to sustain themselves and cater to their expenses.

References

The paper "David’s and Jennifer’s Financial Situation " is a perfect example of a finance and accounting case study. This section will address David’s and Jennifer’s financial situation individually as well as their joint financial situation. This will capture current incomes and savings, current expenses and obligations, and net incomes along with the future implications of their current situation.

Incomes and Savings

David

David has a single source of income (IT business) from which he rakes in $85,000 per year. His savings include $65,000 cash Self Managed Superfund, a $10,000 term deposit. Therefore, at present, David has a total financial standing of $160,000.

Jennifer

Jennifer is lucky to be employed from where she earns an enviable annual salary of $135,000. She also has savings in a Capital Guaranteed Fund worth $167,000. Her gross financial status amounts to $302,000

Joint

Both David and Jennifer own several assets that are;

A home, currently valued at $950,000

A $20,000 savings for emergencies

Rent income amounting to $13,260

They own a Seaside Town Investment Unit valued at $215,000

Total joint value is $1,198,260

Expenses and Obligations

David

David is expected to pay his income tax that amounts to $19,397

His Self Managed Fund will cost him a total of $10,850

Total expenses equal to $30,247

Taking care of his younger brother

Jennifer

Jennifer has to remit tax on her salary amounting to $37,897

Her Capital Guaranteed Fund will cost her $10,000

Total expenses equal to $47,897

Joint

Together, David and Jennifer are expected to;

Pay their kids school fees amounting to $65,000

Mortgage costs equalling to $70,740.

Salary to the agent managing their Seaside Town Investment Unit of $928.20

Interest on Line of Credit totalling to $105,090

A minimum credit card charge of $1,275.77

Total joint expenses equal to $243,033.97

Net Income

David: He has a net income of $129,753

Jennifer: She has a net income of $254,103

Joint: Their net joint venture is equal to $955,226.03

Future Predictions

From the information above, David and Jennifer individually and jointly appear to be in a stable financial position which can enable them to sustain themselves and cater for their expenses.

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