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Jamie Lee is reviewing her finances one month later. She has provided the actual amounts paid below. Use the cash budget table below to help
Jamie Lee is reviewing her finances one month later. She has provided the actual amounts paid below. Use the cash budget table below to help her identify the variances in her budget. Each answer must have a value for the assignment to be complete. Enter "O" for any unused categories Actual Amounts Income: Monthly expenses: Gross monthly salary $2.720 Rent obligation $340 Net monthly salary $2,160 Utilities/electricity $155 Savings allocation: Utilities/water $60 Regular savings $195 Utilities/cable TV $145 Rainy day savings $40 Food $240 Entertainment: Gas/maintenance $240 Cake decorating class $75 Credit card payment $75 Movies with friends $95 Car Insurance $110 Clothing $240 $1,700 $320 $125 $4,000 $4.900 $950 Budgeted Amounts Assets: Checking account Emergency fund savings account Car Computer & IPad Liabilities: Student loan Credit card balance Income: Gross monthly salary Net monthly salary Savings allocation: Regular Savings Rainy day savings Monthly Expenses Rent obligation Utilities/electricity Utilities/water Utilities/cable TV Food Gas/maintenance Credit card payment Car Insurance Clothing Entertainment: Cake decorating class Movies with friends $6.300 $850 $90 $105 $210 $145 $95 $95 $95 $2,575 $2.015 $75 $95 $195 $40 Next
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