a) Compare the budgets below?

b) What are the differences? What assumptions led to the differences?

Cash Budget for Year

Total Cash Collections 48,000

Cash Disbursements:

Lodging 10,200

Food 6,500

Entertainment 3,500

Car expenses 3,800

(gas,insurance, etc.)

Supplies for school 2,500

Miscellaneous 1,500

Total 28,000

Total Cash 20,000

Preparation of Cash Budget: Cash Budget for Year Cash Collections: Salary or Remuneration $ 48,000.00 Total Cash Collections 48,000.00 Cash Disbursements: House Rental Expenses Food Expenses Medical Expenses Insurance Expenses Travelling Expenses Entertainment Expenses (movies etc.) Miscellaneous Expenses 9,600.00 7,200.00 4,800.00 4,320.00 3,360.00 1,920.00 1,200.00 $ $ $ $ $ Total Cash Disbursements 32,400.00 $ Total Available Cash Balance 15,600.00