Jamie Lee Jackson, age 24, now a busy full-time college student and part-time bakery clerk, has been trying to organize all of her priorities, including her budget. She has been wondering if she is allocating enough of her income towards savings, which includes accumulating enough money towards the $9,500 down payment she needs to begin her dream of opening a cupcake cafe. Jamie Lee has been making regular deposits to both her regular, as well as her emergency savings account. She would really like to sh down and get a clearer picture of how much she is spending on various expenses, including rent, utilities, entertainment and how her debt compares to her savings and assets. Jamie Lee's telephone is currently paid for by her father as she is on the family phone plan She realizes that she must stay on track and keep a detailed budget if she is to realize her dream of being self-employed after college graduation Use the information below to record Jamie Lee's Inflows and outflows of cash for a one-month period. Each answer must have a value for the assignment to be complete. Enter "O" for any unused categories $1.300 Monthly Expenses Rent obligaron Ulit lectricity $200 $.200 $4100 $550 Current Financial Situation Assets Checking account Emergency fund savings account Car Computer & iPad Dobrities: Studenten Cread blanco Income Grossmonta es manthya Savings allocation Resong Row 55.500 $450 te wonen Uite cable TV FO Gintarenande Creati care se Cancurance dising Entertainment de cering 0 52.75 51.65 S18 W Cash Inflows Salary (take-home) Other income Other income Total Cash Outflows Fixed expenses Mortgage or rent Loanicredit card payment Insurance Other Total fored outflows Variable expenses Food Clothing Electricity Telephone expenses eation/entertainment sifts Donations Cable Other Total variable outflows Total outflows Surplus (deficit) Allocation of surplus Emergency fund savings Financial 903. savings Oiner sein 85 Jamie Lee Jackson, age 24, now a busy full-time college student and part-time bakery clerk, has been trying to organize all of her priorities, including her budget. She has been wondering if she is allocating enough of her income towards savings, which includes accumulating enough money towards the $9,500 down payment she needs to begin her dream of opening a cupcake cafe. Jamie Lee has been making regular deposits to both her regular, as well as her emergency savings account. She would really like to sh down and get a clearer picture of how much she is spending on various expenses, including rent, utilities, entertainment and how her debt compares to her savings and assets. Jamie Lee's telephone is currently paid for by her father as she is on the family phone plan She realizes that she must stay on track and keep a detailed budget if she is to realize her dream of being self-employed after college graduation Use the information below to record Jamie Lee's Inflows and outflows of cash for a one-month period. Each answer must have a value for the assignment to be complete. Enter "O" for any unused categories $1.300 Monthly Expenses Rent obligaron Ulit lectricity $200 $.200 $4100 $550 Current Financial Situation Assets Checking account Emergency fund savings account Car Computer & iPad Dobrities: Studenten Cread blanco Income Grossmonta es manthya Savings allocation Resong Row 55.500 $450 te wonen Uite cable TV FO Gintarenande Creati care se Cancurance dising Entertainment de cering 0 52.75 51.65 S18 W Cash Inflows Salary (take-home) Other income Other income Total Cash Outflows Fixed expenses Mortgage or rent Loanicredit card payment Insurance Other Total fored outflows Variable expenses Food Clothing Electricity Telephone expenses eation/entertainment sifts Donations Cable Other Total variable outflows Total outflows Surplus (deficit) Allocation of surplus Emergency fund savings Financial 903. savings Oiner sein 85
