QUESTION 1
"Basic Ideas of Finance."
- What are the purposes and uses of assets?
- What is the main risk of buying or borrowing capital to invest in an asset?
- What financial factors should you consider when deciding to borrow capital? APA CITATION
QUESTION 2
What is accounting and how does it help you manage your personal finances? b. Describe the three products of accounting and bookkeeping procedures that are most useful in personal financial planning. c. How could personal financial software assist you in your personal financial decisions? Write in approximately 500-650 words that answers all three elements above. Cite APA references to material that you use in preparing the essay.
QUESTION 3
Answer the following in approximately 250 words.
a. How is net worth calculated?
b. What is the meaning of the statement that your net worth is the equity you have in your own life? APA CITATION
(PLEASE SEPARATELY ANSWER ALL QUESTIONS IN WELL CONSTRUCTED PARAGRAPH)