Cash-Flow Statement Skip and Jackie put together the following worksheet. Name: Skip and Jackie Parker Date: For the year ended December 31, 2016 Cash payments: Rent Dollars Percent $1,350 218 900 INCOME Skip's salary Jackie's salary Skip's Bonus Interest and dividends Total Income Cash received & income taxes: Skip's salary $26,750 Jackie's salary 25,413 Skip's bonus 4,013 Apple dividend 20 Savings interest 17 Income taxes: Skip 4,815 Jackie 4,574 School Loan Train pass (year) Car loan payment Auto insurance (year) Puget Sound Energy Vonage 410 435 290 138 EXPENDITURES Fixed Expenses Rent expense Skip's income taxes Jackie's income taxes Automobile loan payment Education loan Phone Transportation Automobile insurance and registration Total fixed expenses Here is some additional information: For income items, they know yearly amounts. For some expenses, they know the annual amount (for example, Jackie's annual commuter-train pass). They listed those amounts and noted them as such Unfortunately, for other expenses, they provided the payment they made last month, stating that the amount doesn't change much from month to month. Based on their employer-provided health insurance, they incur a copay of $30 per visit. They estimated that they saw the doctor (combined) six times during the year. Skip estimated that he spends about $60 a week on gas and maintenance for their two cars, and he takes out $100 for spending money every week. Jackie estimated that she spends about $100 a week on groceries and $200 a month on clothing. She never has cash and uses her credit cards for everything. They went on a Disney Cruise that cost $2,200; they took an additional $500 for spending. That was their only vacation. Variable Expenses Food Utilities Gasoline and maintenance Vacations Clothing Miscellaneous (Skip's withdrawals) Medical expenses Total variable expenses Total Expenses SURPLUS (DEFICIT) Based on this cash-flow statement, Skip and Jackie have a cash for the year. This means that if they accounted for all of their cash flows in and out, their bank balance should have by from December 31, 2015 to December 31, 2016. Cash-Flow Statement Skip and Jackie put together the following worksheet. Name: Skip and Jackie Parker Date: For the year ended December 31, 2016 Cash payments: Rent Dollars Percent $1,350 218 900 INCOME Skip's salary Jackie's salary Skip's Bonus Interest and dividends Total Income Cash received & income taxes: Skip's salary $26,750 Jackie's salary 25,413 Skip's bonus 4,013 Apple dividend 20 Savings interest 17 Income taxes: Skip 4,815 Jackie 4,574 School Loan Train pass (year) Car loan payment Auto insurance (year) Puget Sound Energy Vonage 410 435 290 138 EXPENDITURES Fixed Expenses Rent expense Skip's income taxes Jackie's income taxes Automobile loan payment Education loan Phone Transportation Automobile insurance and registration Total fixed expenses Here is some additional information: For income items, they know yearly amounts. For some expenses, they know the annual amount (for example, Jackie's annual commuter-train pass). They listed those amounts and noted them as such Unfortunately, for other expenses, they provided the payment they made last month, stating that the amount doesn't change much from month to month. Based on their employer-provided health insurance, they incur a copay of $30 per visit. They estimated that they saw the doctor (combined) six times during the year. Skip estimated that he spends about $60 a week on gas and maintenance for their two cars, and he takes out $100 for spending money every week. Jackie estimated that she spends about $100 a week on groceries and $200 a month on clothing. She never has cash and uses her credit cards for everything. They went on a Disney Cruise that cost $2,200; they took an additional $500 for spending. That was their only vacation. Variable Expenses Food Utilities Gasoline and maintenance Vacations Clothing Miscellaneous (Skip's withdrawals) Medical expenses Total variable expenses Total Expenses SURPLUS (DEFICIT) Based on this cash-flow statement, Skip and Jackie have a cash for the year. This means that if they accounted for all of their cash flows in and out, their bank balance should have by from December 31, 2015 to December 31, 2016