Ch 3

Question 1

Cash flow statement purpose

Answer 1

Salary, wages, self emp, rental, int and div income,alimony,child support.

Sole prop, gen partner, not s corp

Question 2

Cash Outflows statement list what

Answer 2

Mortgage, property tax, auto insurance, variable expenses,

Question 3

Consumer debt ratio

Answer 3

monthly consumer debt payments/monthly net income

Question 5

Financial dependence or affluenza

Answer 5

Dependence on others for income, not related to employment fear the person providing the support will stop cash flow at any time

Question 6

Exterior finance

Answer 6

Relating to clients traditional financial matters

Question 7

Interior finance

Answer 7

Client emotional relationships with money

Question 8

Goal incongruence

Answer 8

Conflicting goals or indecision when establishing them

Question 9

Social penetration theory

Answer 9

Four stages in which relationships between clients and planners develop and progress. Orientation, exploration, effective language, stable exchange.