Question

By examining the spreadsheet below, what part of the financial plan might be missing? A 2-column spreadsheet showing Cash Inflows and Cash Outflows. Cash inflows are Disposable income 7,350 dollars, interest on deposits 80 dollars, income from investments 50 dollars, with total cash inflow 7,480 dollars. Cash outflows are mortgage 4,500 dollars, cell phone 125 dollars, car payment 515 dollars, savings account 150 dollars, investments 200 dollars, retirement plan 1,100 dollars, groceries 300 dollars, recreation 200 dollars, with total cash outflow 7,090 dollars. A. Plan for managing income b. Plan for financing c. Plan for protecting assets d. Plan for retirement Please select the best answer from the choices provided A B C D.

Answer 1

Answer:

I have found out the answer was C

Explanation

i got 100 percent on the test

Answer 2

The correct statement is that in the spreadsheet below, a financial plan for protecting assets is missing. So, the correct option is C.

A financial plan for protection of assets is advisable for such individual for better insurance against any unwanted losses or damages to property(s).

Financial Plan

A financial plan refers to as the interpretation and conclusion  of a cash flow after ascertaining the inflows and outflows of the firm.

The above cash flow statement shows that the spending have not been done on premiums for insurance for protection of assets of the individual.

There seems a requirement for the financial plan to be made in such a way that a part of expenditure outflow is done towards insuring the assets.

Hence, the correct option is C that in the spreadsheet below, a financial plan for protecting assets is missing.

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