Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Please complete this for me. I do not understand it. WILL thumbs up for sureeee Continuing Case 17. Cash Budget Jamie Lee is reviewing her

image text in transcribedimage text in transcribedimage text in transcribed

Please complete this for me. I do not understand it. WILL thumbs up for sureeee

Continuing Case 17. Cash Budget 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. $2,555 $2,010 Actual Amounts Income: Gross monthly salary Net monthly salary Savings allocation: Regular savings Rainy-day savings Entertainment: Cake decorating class Movies with friends $180 $25 Monthly expenses: Rent obligation Utilities/electricity Utilities/water Utilities/cable TV Food Gas/maintenance Credit card payment Credit Car Insurance Clothing $355 $135 $45 $145 $195 $210 $65 $100 $210 $60 $80 Monthly Expenses: Rent obligation $1,550 $305 $3,700 Utilities/electricity $110 $4,600 $800 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 $6,000 Utilities/water Utilities/cable TV Food Gas/maintenance Credit card payment Car insurance Clothing Entertainment: Cake decorating class Movies with friends $75 $90 $180 $130 $80 $80 $80 $2,425 $1,880 $180 $25 $80 Budgeted Amounts Income (Inflows) Dollar Actual Amounts Variance Salary Other Total income Percent NaN NaN NaNNaN $ 0 $ 0 $ Budgeted Amounts Disbursements (Outflows) Dollar Percent Actual Amounts Variance NaN NaN NaN 0.00% $ 0 $ 0 $ Emergency fund savings Emergency fund Savings (regular) Savings Total savings Fixed expenses Mortgage or rent Property taxes Loan/credit card payment Insurance NaN NaN NaN Other NaN NaN 0.00% 0 $ 0 $ Total fixed expenses Variable expenses Food Utilities Clothing Transportation costs Personal care Medical and health care Entertainment Education Gifts/donations Miscellaneous Other Total variable expenses Total expenses NaN NaN NaN NaN NaN NaN NaN NaN NaN NaN NaN 0.00% NaN $ 0 $ 0 0 $ $

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Auditing

Authors: Alan H. Millichamp

8th Edition

082645500X, 9780826455000

More Books

Students also viewed these Accounting questions

Question

What are exceptions?

Answered: 1 week ago