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round the percentage to one decimal places base on this cash flow statement they both have options surplus or deficit(select one). This means that if
round the percentage to one decimal places
base on this cash flow statement they both have options surplus or deficit(select one). This means that if they account for all of their cash flow in and out, their bank balance should have option increased or decrease(select one) by the amount_______ from December 31,2015 to 2015,2016
amount options are 3549,2200,40,53066
Prabakar and Gita Jain have been married for two years. They have been trying to save but feel that there is never anything leftover after expenses. Gita is taking a night course on personal finance, and she suggested that they prepare a cash-flow statement for the year ended December 31, 2016. Use the worksheet that Prabakar and Gita provided plus the additional information to fill in the missing amounts on the Jain's cash-flow statement for the year ended December 31, 2016. Prabakar and Gita put together the following worksheet. Cash-Flow Statement Name: Prabakar and Gita Jain Date: For the year ended December 31, 2016 Dollars Percent $1,250 218 900 Cash received & income taxes: Prabakar's salary $25,250 Gita's salary 23,988 Prabakar's bonus 3,788 Apple dividend 22 Savings interest 18 Income taxes: Prabakar 4,545 Gita 4,318 INCOME Prabakar's salary Gita's salary Prabakar's Bonus Interest and dividends Total Income Cash payments: Rent School Loan Train pass (year) Car loan payment Auto insurance (year) Puget Sound Energy Vonage 410 435 290 138 EXPENDITURES Fixed Expenses Rent expense Prabakar's income taxes Gita'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, Gita'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 $25 per visit. They estimated that they saw the doctor combined) five times during the year. Prabakar 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. . Gita 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 (Prabakar's withdrawals) Medical expenses Total variable expenses Total Expenses SURPLUS (DEFICIT)Step by Step Solution
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