In order to get your personal finances under control, you need to prepare a personal budget. Assume
Question:
In order to get your personal finances under control, you need to prepare a personal budget. Assume that you have compiled the following information regarding your expected cash flows for a typical month.
Instructions
Using the information above, prepare a personal budget. In preparing this budget, use the format included in the “Steps to Creating a Household Budget” article available at the balance website. Just skip any unused line items.
Transcribed Image Text:
Rent payment Interest income Income tax withheld Electricity bill Groceries € 500 Miscellaneous costs €210 50 Savings Eating out Telephone and Internet costs Student loan payments Entertainment costs Transportation costs 50 150 125 375 300 85 100 Wages earned 2,500 250 Insurance 100 150
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 75% (16 reviews)
Personal Budget Typical Month Income Wages earned 2500 ...View the full answer
Answered By
Hassan Imtiaz
The following are details of my Professional Experience. Responsibilities Eight years of demanding teaching experience in the field of finance and business studies at Master’s Level. Completion of the given tasks within given time with quality and efficiency. Marketing professional with practical experience in and solid understanding of a diverse range of management applications, including market analysis, sales and marketing, team building and quality assurance. I have excellent skills to approach deal and sustain corporate clients / customers by demonstrating not only extraordinary communication and interpersonal skills but also high caliber presentation, negotiation and closing skills. Manage and follow up the day-to-day activities. Manage and co-ordinate the inventories. Fulfillment of all the tasks assigned.
The following are details of my Areas of Effectiveness. Finance 1. Corporate Finance 2. Advanced Corporate Finance 3. Management of Financial Institutions 4. International Financial Management 5. Investments 6. Fixed Income 7. Real Estate Investment 8. Entrepreneurial Finance 9. Derivatives 10. Alternative Investments 11. Portfolio Management 12. Financial Statement Analysis And Reporting (US GAAP & IFRS) 13. International Financial Markets 14. Public Finance 15. Personal finance 16. Real estate 17. Financial Planning Quantitative Analysis 1. Time Value Of Money 2. Statistics 3. Probability Distribution 4. Business Statistics 5. Statistical Theory and Methods Economics 1. Principles of Economics 2. Economic Theory 3. Microeconomic Principles 4. Macroeconomic Principles 5. International Monetary Economics 6. Money and Banking 7. Financial Economics 8. Population Economics 9. Behavioral Economics International Business 1. Ethics 2. Business Ethics 3. An introduction to business studies 4. Organization & Management 5. Legal Environment of Business 6. Information Systems in Organizations 7. Operations Management 8. Global Business Policies 9. Industrial Organization 10. Business Strategy 11. Information Management and Technology 12. Company Structure and Organizational Management Accounting & Auditing 1. Financial Accounting 2. Managerial Accounting 3. Accounting for strategy implementation 4. Financial accounting 5. Introduction to bookkeeping and accounting Marketing 1. Marketing Management 2. Professional Development Strategies 3. Business Communications 4. Business planning 5. Commerce & Technology Human resource management 1. General Management 2. Conflict management 3. Leadership 4. Organizational Leadership 5. Supply Chain Management 6. Law 7. Corporate Strategy Creative Writing 1. Analytical Reading & Writing Other Expertise 1. Risk Management 2. Entrepreneurship 3. Management science 4. Organizational behavior 5. Project management 6. Financial Analysis, Research & Companies Valuation 7. And any kind of Excel Queries
4.80+
150+ Reviews
230+ Question Solved
Related Book For
Accounting Principles
ISBN: 9781118566671
11th Edition
Authors: Jerry Weygandt, Paul Kimmel, Donald Kieso
Question Posted:
Students also viewed these Business questions
-
a. What is budgetary control? b. Kabir Lal is describing budgetary control. What steps should be included in Kabirs description?
-
Kalyani Rai is studying for an accounting examination. Describe for Kalyani what conditions are necessary for responsibility accounting to be used effectively.
-
The Mixing Department manager of Xuzhou Ltd. is able to control all overhead costs except rent, property taxes, and salaries. Budgeted monthly overhead costs for the Mixing Department, in...
-
A curve C in three dimensions is given parametrically by (x(t), y(t), z(t)), where t is a real parameter, with a t b. Show that the equation of the tangent line at a point P on this curve where t...
-
(a) Use the vector dot product to show that in HCBr3, cos (BrCBr) = 1 - 1.5 sin2(HCBr). (b) In HCBr3, HCBr = 107.2. Find BrCBr in HCBr3.
-
What is the relationship between weight and mass? Which is an intrinsic, unchanging property of a body?
-
Find other examples of copycat products (goods or services).LO1
-
Your client, Keith Moreland Leasing Company, is preparing a contract to lease a machine to Souvenirs Corporation for a period of 25 years. Moreland has an investment cost of $365,755 in the machine,...
-
A firm has 50,000 shares of stock outstanding, net income of $50,000, and a PE ratio of 10. What will the firms PE ratio be if the firm repurchases 25,000 shares? Assume all else remains constant....
-
What is the citation of a 1993 ALR annotation that discusses the admissibility of polygraph test results in an action for malicious prosecution? What Am. Jur. 2d evidence research references are...
-
You are an accountant in the budgetary, projections, and special projects department of Goel Conductor Ltd., a large manufacturing company. The president, Arav Malik, asks you on very short notice to...
-
Razia Azen questions the usefulness of a master sales budget in evaluating sales performance. Is there justification for Razias concern? Explain.
-
What do you mean by cost reduction? How is it different from cost control?
-
Exhibit 12: Average Credit Quality Ratios [1] Based on this information you can compare O&Rs financial ratios to the average debt rating ratios above to assess what O&Rs credit rating would be if it...
-
Which of the following statements about QuickBooks Bill Pay are correct? Select all that apply. You can configure QuickBooks Bill Pay to pay bills automatically when they're added to QuickBooks...
-
Ash purchases 500 shares of XYZ for $10/share. Ten months later, when the shares are trading at $15/share, they donate them to Caring Trust, a qualified charity. Three months after the donation is...
-
Bob gets a X = 60 on his psychology exam and a X = 56 on his Biology exam. Psych exam scores had a =50 and =10 while Bio exam scores had a =48 and =4. Both professors grade on a curve. 1 - For which...
-
1. Lucky Company's direct labor information for the month of February is as follows: Actual direct labor hours worked (AQ) 61,500 Standard direct labor hours allowed (SQ) 63,000 Total payroll for...
-
If the receivables turnover ratio decreased during the year, a. The days to collect also decreased. b. Receivables collections slowed down. c. Sales Revenues increased at a faster rate than Accounts...
-
An Atomic Energy Commission nuclear facility was established in Hanford, Washington, in 1943. Over the years, a significant amount of strontium 90 and cesium 137 leaked into the Columbia River. In a...
-
How do correcting entries differ from adjusting entries?
-
How do correcting entries differ from adjusting entries?
-
How do correcting entries differ from adjusting entries?
-
Required : a- outline the statement of comperhensive income for the year ended 30 november 2021 b- outline the statment of financial position as at 30 November The Trial Balance of Alim Enterprise at...
-
International business and environment The MIR requires teams to gather current, or the most recently available, data on the markets people, economy, government, and technological status from online...
-
Consider the following stream of cash flows. The interest rate is 10%. 0 1 2 3 4 5 6 7 100 100 100 200 0 300 300 300 a) What is the value at time 0 of the cash flow stream? b) What is the value of...
Study smarter with the SolutionInn App