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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
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: Gross monthly salary Net monthly salary Savings allocation: Monthly expenses: $2,370 Rent obligation $270 $1,970 Utilities/electricity $140 Utilities/water $30 Regular savings $135 Utilities/cable TV $165 Rainy-day savings $25 Food $170 Entertainment: Gas/maintenance $215 Cake decorating class $20 Credit card payment $25 Movies with friends $55 Car Insurance $85. Clothing $155 Budgeted Amounts Assets: Monthly Expenses: Checking account $1,900 Rent obligation $230 Emergency fund savings account $4,400 Utilities/electricity $80 Car $5,300 Utilities/water $40 Computer & iPadi $1,150 Utilities/cable TV $125 Liabilities: Food $120 Student loan $6,700 Gas/maintenance $100 Credit card balance $1,050 Credit card payment $50 Income: Car insurance $50 Gross monthly salary $2,205 Clothing $50 Net monthly salary $1,805 Entertainment: Savings allocation: Cake decorating class $20 Regular savings $135 Movies with friends $55
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