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– Using the Time Value of Money tell me how much you need to save per year, at what percentage, for how many years to reach your retirement goal. Then tell me how you will take an income from that goal without the risk of running out of money. ( Age 40)

– Complete a personal financial forecast and put together a personal budget for yourself for your first year of career work. Using the cash flow cycle, explain to me what will be your “sales”, “accounts receivable”, “cash”, and “inventory”. Put together a complete cash budget for your anticipated first year of work.

– At which point in your retirement plan will you use short-term investments and why? Which short-term investments might you use?

– Prepare a personal income statement and balance sheet for yourself as you would forecast to have during your last year of career work. What is your personal return on equity, current ratio, quick ratio, and debt to total assets.

– Have you considered inflation in your plan? How will inflation play a part in your planning?

– When may you have to use sources of short-term financing? Why?

How will you be graded?
200 Points Total
Accuracy – 50 Pts.
Detail – 50 Pts.
Realistic – 50 Pts.
Report To Include : (50 Pts.)
– Commentary answering above questions (3 Pages Double Spaced)
– Cash Budget
– Income Statement
– Balance Sheet