Mathew Has Recently Graduated from University and Started a Full-Time

question 6

Essay

Mathew has recently graduated from university and started a full-time job.He has used the information on his bank statement for the past two months to start a personal financial plan because he wants to figure out when he can buy a car.The report he prepared for the past two months is shown below.Mathew is frustrated because he can't figure out how the plan is going to help him."I wasted time adding up all my deposits and withdrawals for nothing," he complained."Accounting is just not worth it!"
Mathew's Personal Financial Plan: Goal-to buy a car! $\begin{array}{lrr} & \text { September } & \text { October } \\\text { Deposits } & \$ 3,200 & \$ 3,200 \\\text { ATM withdrawals } & 1,200 & 1,600 \\\text { Cheques written } & 1,400 & 1,375\\\text { Difference }&\$600&\$225\end{array}$ Required:
Explain to Mathew how an accounting system could help him determine when he can buy a car.What suggestions would you make to him to improve his current system?

Describe the characteristics of manufacturers' branches and sales offices as wholesaling activities.

Understand the utility of brokers in facilitating transactions between buyers and sellers without taking title to goods.

Identify various multimedia devices and their unique functions.

Understand the role of operating system tools in managing multimedia devices.

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Definitions:

Tax on Good

A financial charge imposed by a government on the sale of a product or service, affecting its price.

Demand Curve

A graph showing the relationship between the price of a good or service and the quantity demanded for it at those prices.

Good Sold

Refers to merchandise or items that have been purchased or exchanged in a transaction.

Tax on Buyers

is a tax that is directly levied on consumers when they purchase goods or services, effectively increasing the purchase price.