ActivateUse free at Ottice.comLesson 5: BudgetingCalculate the average monthly expenses for these individuals.Kelsey spent $350 in May, $432 in June and $420 in July. Her average monthlyexpenses are:2. Michael spent $700 in April and May and $800 in June and July. His average monthlyexpenses are:State whether these are fixed expenses or variable expenses:3. Rent:4. Car Loan:5. Grocery Bill:6. Gas Money:7. School Loan:8. Shopping Money:9. Calculate the budget:Car Loan$255Rent$275Utilities$300Grocery$150Other$200Total:

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Personal Finance

13th Edition

ISBN:9781337669214

Author:GARMAN

Publisher:GARMAN

Chapter3: Financial Statements, Tools, And Budgets

Section: Chapter Questions

Problem 3FPC

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income." Course Activity: Creating a Budget Part A Use this information to organize estimated household expenses by monthly amounts. • rent: $13,800 annually utilities: $5,400 annually ● cell phone: $534 semiannually internet: $204 semiannually • car loan: $2,274 semiannually insurance: $720 quarterly groceries: $4,332 annually • gym membership: $288 annually ● entertainment: $420 annually B I U X² X₂ ● ● ● Expense rent payment utilities cell phone internet car loan insurance Jan 10pt Feb Mar Apr M May Jun Jul Aug Sep Oct 7 of 8 ES Nov Apr 19 Dec 5:49 Save & Exit
Personal Finance Budget - Application • You are a worker in one muti-international company. There are three sources of income (salary, bonus, and other), followed by a list of expenses (rent, food, groceries, restaurants, entertainment, childcare costs, vacations, etc.). And the difference between the two is the person's monthly surplus or deficit. • As a worker, your monthly salary is Php6,000. bonuses are given every April and October in the amount of Php5,000, and Other income earned for the month of January for Php1000. • Your monthly expenses include the following: o Rent - Php1,700 o Food and Groceries - Php800 o Restaurants Expenses - Php1,200 o Entertainment - Php400 o Childcare - Php1,000 o Clothing - Php500, for March, June, September, December o Vacation - Php2,000, scheduled for the months of February and August o Other Expenses - Php1,000 for the months of February, May to December, Php700 for March, and Php2,000 for the month of April. • With the given data, prepare your…
You can manage your money better by keeping an accurate record of your expenditures. You will be able to evaluate your spending habits by keeping detailed records for a number of months. Average Monthly Expenditure Sum of Monthly Expenditures Number of Months Complete the table below. Monthly Expenditures Average Monthly Name July August September October Expenditure 1. P. Barker $ 934.20 $1,317.27 $1,112.15 $1,019.20 2. L. Lee 823.40 917.17 1,012.10 987.43 3. K. Rue 1,134.14 1,572.99 1,996.61 1,475.50 4. T. Geariger 1,192.75 1,946.62 1,439.84 1,503.22
gageNOWv2 | Online teachin x akeAssignment/takeAssignmentMain.do?invoker=8&takeAssignmentSessionlocator=8inprogress=false eBook Show Me How Print Item Personal Budget At the beginning of the school year, Katherine Malloy decided to prepare a cash budoet for the months of September, October, November, and December. The budget must plan for enough cas on December 31 to pay the spring semester tuition, which is the same as the fall tuition The following information relates to the budget: $6,210 Cash balance, September 1 (from a summer job) 80 Purchase season football tickets in September 220 Additional entertainment for each month 3,400 Pay fall semester tuition in September 300 Pay rent at the beginning of each month 170 Pay for food each month 400 Pay apartment deposit on September 2 (to be returned December 15) 770 Part-time job earnings each month (net of taxes) a. Prepare a cash budget for September, October, November, and December. Enter all amounts as positive values except an…
* CengageNOWv2 | Online teachin x ome keAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=false еBok Show Me How Print Item Personal Budget At the beginning of the school year, Craig Kovar decided to prepare a cash budget for the months of September, October, November, and December. The budget must plan for enough ca December 31 to pay the spring semester tuition, which is the same as the fall tuition. The following information relates to the budget: Cash balance, September 1 (from a summer job) $9,250 Purchase season football tickets in September 160 Additional entertainment for each month: 250 Pay fall semester tuition in September 4,800 Pay rent at the beginning of each month 600 Pay for food each month. 550 Pay apartment deposit on September 2 (to be returned December 15) 600 Part-time job earnings each month (net of taxes) 1,200 a. Prepare a cash budget for September, October, November, and December. Use the minus sign to indicate cash outflows, a…
Q. Prepare a revenues budget for the year, assuming that Ever Clean charges customers $0.60 per square foot.
Part A: Use a spreadsheet to prepare a monthly personal budget to show the available surplus based on the following data. ➤ Monthly salary is QAR 14,600. ➤ Monthly rental expense is QAR 6,650. 19tn3. onidiol ➤ Food expenses are QAR 250 per week. ➤ Electricity is estimated to be QAR 50 per month. ➤ Ooredoo unlimited usage telephone plan is QAR 320 per month. Entertainment is estimated to be QAR 500 per week. ➤Clothing expenses are estimated to be QAR 5,000 per year. Fuel QAR 50 per week. ➤Insurance QAR 2,460 per year. ➤ Vehicle maintenance QAR 2,000 per year. ➤You decide that you must leave a budgeted surplus of QAR 1,000 per month to cover unexpected expenses.
Prepare a Personal SCI:  Get a one piece of yellow paper  Write your monthly allowance (computed by daily allowance x number of days in a month) Write the amount you spend on food, transportation, phone load, etc. (make it monthly to match in your allowance)  Deduct the amount you spend from the amount of your allowance  Associate allowance with revenue and spending with expense with the net amount as net income
Focus Question 1. Most family members earn money by working for salaries. State THREE other means by which income is earned. 2. List THREE guidelines that should be followed to ensure that the family income is spent wisely. 3. A family consisting of a baby, a child attending nursery school and working parents decides to prepare a budget for three months. a. Explain briefly THREE factors that the family must take into consideration before preparing the budget. b. The family in the scenario has a limited income and decides to purchase a food processor instead of a television set. Suggest 2 possible reasons for this decision.
Calculating Gross Income with Gratiuities When creating a budget the server needs to figure out their average weekly income. Before tips, the server get paid $4.15/ hour. Tips are calculated based off the food sales and the gratiuity percentage customers choose to pay (this typically averages out to anywhere between 17 - 20%). They pulled their sales, gratituity percentage, and their hourly income for the past 3 weeks. Summarize the weeks income by using the terms gratiuity, sales, hourly income, and average. Explain how you would use this information to create a budget. Also note any trends in the income and how to potentially increase the servers income in the future.Week 1:Hours worked: 14 (Saturday, Sunday & Thursday evening)Food Sales: $3,950Gratiuity percent: 18.5%Week 2:Hours worked: 32 (Monday-Thursday day shift)Food Sales: $2,895Gratiuity percent: 18.9%Week 3:Hours worked: 28 (Wednesday-Saturday evenings)Food Sales: $4,505Gratiuity percent: 19.1%
A4) Create a budget on a spreadsheet supposing you earn $45,000 a year
Unit Activity: Mathematical Models and Consumer Finance Part A Jenna’s monthly monetary income is $1,200. Her total spending last month was $1,400. Why would Jenna need a budget? 15px Space used (includes formatting): 0 / 15000 Part B Maria has $3,000 in the bank, has a home worth $150,000, and has a $75,000 home loan. She also has $10,000 in investments and a $15,000 student loan. What is Maria’s net worth? Show your work. 15px Space used (includes formatting): 0 / 15000 Part C Nina is trying to decide between two jobs. The first job pays $10 an hour. The second job offers a $20,000 a year salary, which would equal a gross pay of $769 every two weeks. Nina would work 40 hours a week at both jobs. Nina decides to take the salaried job because she thinks it pays better. Evaluate Nina’s decision. Explain your answer. 15px Space used (includes formatting): 0 / 15000 Part D Lola is 15 years old and works in a factory every weekend. Why might…

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Calculate the average monthly expenses for these individuals. 1. Kelsey spent $350 in May, $432 in June and $420 in July. Her average monthly expenses are: 2. Michael spent $700 in April and May and S800 in June and July. His average monthly expenses are;,