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ustin is married with one child. He works 40 hours each week at a rate of $16 per hour. His wife began working part time after their daughter was born, but still contributes about $350 to the cash inflow each month. Their monthly cash outflow is generally about $3,000. They have a balance of $2,000 in their savings account. Justin has retirement contributions taken out of his paycheck at work. They have renter s, car and life insurance coverage. Based on this information, what part of their financial plan should Justin and his wife work on? a. managing income b. managing liquidity c.
protecting assets d. retirement
s
Their monthly cash outflow is generally about $3,000. They have a balance of $2,000 in their savings account. Justin has retirement contributions taken out of his paycheck at work. They have renter s, car and life insurance coverage. Based on this information, managing income should Justin and his wife work on.
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Asked 7/2/2016 5:57:53 PM
Updated 196 days ago|7/3/2020 10:25:20 PM
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Their monthly cash outflow is generally about $3,000. They have a balance of $2,000 in their savings account. Justin has retirement contributions taken out of his paycheck at work. They have renter s, car and life insurance coverage. Based on this information, managing income should Justin and his wife work on.
Added 196 days ago|7/3/2020 10:25:20 PM
This answer has been confirmed as correct and helpful.
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Questions asked by the same visitor
What is financing? User: What is liquidity?
Question
Not Answered
Updated 7/2/2016 7:10:12 PM
2 Answers/Comments
Financing is the act of providing funds for business activities, making purchases or investing.

Added 7/2/2016 6:37:32 PM
This answer has been confirmed as correct and helpful.
Confirmed by yumdrea [7/2/2016 7:10:15 PM]
Liquidity describes the degree to which an asset or security can be quickly bought or sold in the market without affecting the asset's price.

Added 7/2/2016 6:37:56 PM
This answer has been confirmed as correct and helpful.
Confirmed by yumdrea [7/2/2016 7:10:15 PM]
What is liquidity?
Question
Updated 7/2/2016 10:33:48 PM
1 Answer/Comment
Liquidity describes the degree to which an asset or security can be quickly bought or sold in the market without affecting the asset's price.


Added 7/2/2016 8:25:17 PM
This answer has been confirmed as correct and helpful.
Confirmed by jeifunk [7/2/2016 10:33:49 PM], Rated good by jeifunk
what is managing income
Question
Updated 7/2/2016 8:25:59 PM
1 Answer/Comment
Income Management is a way to help you manage your money to meet essential household needs and expenses.


Added 7/2/2016 8:25:59 PM
This answer has been confirmed as correct and helpful.
Confirmed by jeifunk [7/2/2016 10:33:26 PM], Rated good by jeifunk
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