BUSINESS FINANCE

WEEK 7-8

Learning Task 1:
1. True
2. False
3. False
4. True
5. True

Learning Task 2:
1. B
2. E
3. D
4. C
5. A

Learning Task 3:
1. Age: Early-Thirties to Early-Forties Individuals
2. Age: Mid-Sixties and Beyond
3. Age: Mid-Fifties Individuals
4. Age: Mid-Twenties Individuals
5. Early-Thirties to Early-Forties Individuals

Learning Task 4:
After Tax Earnings ₱ 42,000
Add: Dividends income from investment 12,000
Interest from bank deposits 3,500
Total 57,500
Less: Living expenses and others 16,500
Tuition Fee 25,000
Total 41,500
Savings for the year 16,000
Less: Withdrawals from bank savings 7,000
Net Savings 9,000
Add: Savings, beginning of the year 36,000
Savings, end of the year ₱45,000

Learning Task 5:
A. 25 yrs old

After Tax Earnings ₱ 120,000

Add: Investment income 30,000
Other income 25,000
Total 175,000
Less: Living Expense 50,000
Insurance 10,000
Others (Personal) 5,000
Total 65,000
Savings for the year 110,000
Less: Withdrawal from savings 35,000
Net Savings 75,000
Add: Savings, beginning of the year 45,000
Savings, end of the year ₱ 120,000

ASSESSMENT
1. C
2. A
3. A
4. C
5. B

VI. REFLECTION
 I understand that having a personal financial plan will help maintain discipline towards
maintaining within set targets and thus achieving the set goals. Through a financial plan,
you are in a better position to understand your financials through the set measurable
financial goals and the effects of decisions made.
 I realize that it isn’t just for those with a lot of money.
 I need to learn more about basic Practices in Earning, Spending, Saving, and Investing
Money