Page 26 - Spotlight A+ Form 4 & 5 Mathematics KSSM

Form
4 Mathematics Chapter 10 Consumer Mathematics: Financial Management

• The asset value statement gives • Financial plan is usually prepared
information associated with current monthly for a term of one year.
assets (properties) and liabilities (debts).
• Assets are cash and investments such as Example 3
savings, shares, unit trusts and properties. The information below shows the incomes and
• Liabilities are loans, debts of credit cards, expenditures of Nasrul in May.
rental and utility bills. Active incomes: RM3 470
• The financial status needs to be examined Passive incomes: RM650
at least six months once to check the Fixed expenditures: RM2 860
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achievement of financial goals. Variable expenditures: RM1 280
(a) Find
Example 2 (i) the total incomes of Nasrul in May,
(ii) the total expenditures of Nasrul in May.
The information below shows the total incomes (b) Hence, state whether Nasrul is a person who
and total expenditures of Alwi and Basri in a is wise in the financial management in May.
month.
Give your justification.
Alwi : Total incomes = RM2 340 Solution:
Total expenditures = RM2 070
Basri : Total incomes = RM2 580 (a) (i) Total incomes = 3 470 + 650
Total expenditures = RM2 750 = RM4 120
(ii) Total expenditures = 2 860 + 1 280
Determine the monthly cash flow of Alwi and Basri. = RM4 140
Hence, state the individual who has the better (b) The total expenditures exceeded the
monthly financial status. Give your justification. total incomes in May. Therefore, Nasrul is
Solution: not a person who is wise in the financial
Monthly cash flow of Alwi = 2 340 – 2 070 management in May.
= RM270 Try question 3 in Formative Zone 10.1
Monthly cash flow of Basri = 2 580 – 2 750
= –RM170 (d) Carrying out financial plan.
The monthly cash flow of Alwi is positive. • When carrying out a financial plan,
Therefore, the monthly financial status of Alwi is payment for fixed expenditures has
better. to be given priority to avoid charge or
Try question 2 in Formative Zone 10.1 additional interest that needs to pay on
CHAP. late payment.
10 (c) Creating financial plan. • Expenditures that are planned are

• Financial plan is an important component required to make comparison to the
in driving the achievement of financial actual expenditures for a particular
goal based on the expected financial month to control wastage.
value and the actual financial value. • If the monthly net income is surplus,
• The financial value is determined the money can be used for saving and if
based on incomes, savings, debts and deficit, the expenditures of the month are
expenditures. required to examine for the subsequent
month.
Example 4
BRILLIANT Tips Miss Wong is a secondary school teacher who

1. Incomes are comprised of active incomes (salary, receives a net salary of RM3 500 a month. She
allowance, commission) and passive incomes conducts tuition class and obtains an income
(rental, interest, dividend). of RM980 a month. Miss Wong also gets a
2. Expenditures are comprised of fixed expenditures monthly commission of RM560 from direct sale of
(house rental, car installment, insurance payment) products. Each month, Miss Wong spends RM750
and variable expenditures (utility bills, medical on food, RM1 000 on house rental, RM300 on car
cost, car fuel). fuel and RM200 on handphone. Find the monthly
net income of Miss Wong.

210 10.1.1

ENG10 Spotlight Matematik F4.indd 210 14/01/2021 10:17 PM