Gretchen's Short-Term Budget Worksheet Spending Purpose Income Date Source Amount $423.52 | 6/03/20 50.00 | 6/12/20 423.52 | 6/15/20 25.00 | 6/23/20 8.92 | 6/25/20 Date Amount $ 33.86 48.29 6/07/-- new sweater wages birthday gift 6/09/-- car insurance 6/21/-- rent 350.00 wages babysitting job savings interest 6/23/-- credit card bill 296.04 telephone bill groceries doctor's visit 6/30/-- 53.41 6/26/20 69.30 6/29/20 50.00 Totals $930.96 $900.90
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- Gretchen's Short-Term Budget Worksheet Spending Purpose Income Date Source Amount Date Amount 6/07/-- wages $423.52 6/03/20 new sweater $ 33.86 6/09/-- birthday gift 50.00 6/12/20 car insurance 48.29 6/21/-- 423.52 | 6/15/20 rent 350.00 wages babysitting job savings interest 6/23/-- 25.00 6/23/20 credit card bill 296.04 6/25/20 6/26/20 telephone bill groceries doctor's visit 6/30/-- 8.92 53.41 69.30 6/29/20 50.00 Totals $930.96 $900.90 1. How much was Gretchen able to save in June?Gretchen's Short-Term Budget Worksheet Spending Purpose Income Amount $423.52 | 6/03/20 50.00 | 6/12/20 Date Source Date Amount $ 33.86 48.29 6/07/-- new sweater wages birthday gift car insurance 6/09/-- 6/21/-- 6/23/-- 423.52 6/15/20 |rent 350.00 wages babysitting job savings interest 25.00 | 6/23/20 8.92 | 6/25/20 credit card bill 296.04 telephone bill groceries doctor's visit 6/30/-- 53.41 6/26/20 69.30 6/29/20 50.00 Totals $930.96 $900.90 2. Which sources of her income may not be the same from month to month?Part D Ken has created a budget, but he wonders if the budget fits his needs. Why would it be useful for Ken to keep records of his expenses and examine them at the end of the year? BIUX² X₂ 15px Space used (includes formatting): 0/15000 O A 2 6 13 8 19 Apr 3 11:36 O
- 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…* CengageNOWv2 | Online teachin x v.com/ilrn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=false еВook Show Me How E Print Item Cash Budget The controller of Mercury Shoes Inc. instructs you to prepare a monthly cash budget for the next three months. You are presented with the following budget information: June July August Sales $160,000 $185,000 $200,000 Manufacturing costs 66,000 82,000 105,000 Selling and administrative expenses 40,000 46,000 51,000 Capital expenditures 120,000 The company expects to sell about 10% of its merchandise for cash. Of sales on account, 60% are expected to be collected in the month following the sale and the remainder the following month (second month after sale). Depreciation, insurance, and property tax expense represent $12,000 of the estimated monthly manufacturing costs. The annual insurance premium is paid in February, and the annual property taxes are paid in November. Of the remainder of the manufacturing…
- Biweekly Cash Allowance Salary a. $2,572.50 $40.00 b. $3,150.00 $75.00 c. $ 892.50 $ 25.00 d. $1,575.00 e. $2,478.00 $15.00 Tax Ben $3.80 $10.00 $11.00 $25.00 Emp Ded CPP Emp Cont wwwwww Emp Ded ΕΙ Emp Cont wwwP 00 it View History Bookmarks Window Help 00 A ezto.mheducation.com nt Portal Course Modules: Budgeting and Forecasting 62211 Week 4: Homework Question 3 - Week 4: Homework - Co omework G Saved Help Save & Exit Submit Check my work Information pertaining to Noskey Corporation's sales revenue follows: November 2021 (Actual) $ 180,000 December 2021 (Budgeted) $ 160,000 500,000 January 2022 (Budgeted) Cash sales 000'09 $ 540,000 Credit sales $ 360,000 000'09 Total sales 000'099 2$ Management estimates 5% of credit sales to be uncollectible. Of collectible credit sales, 60% is collected in the month of sale and the remainder in the month following the month of sale. Purchases of inventory each month include 70% of the next month's projected total sales (stated at cost) plus 30% of projected sales for the current month (stated at cost). All inventory purchases are on-account; 25% is paid in the month of purchase, and the remainder is paid in the month following the month of purchase.…III. DETAILS OF PERSONAL BUDGET PLAN: (List down your possible income and expected expenses). ACTUAL AMOUNT (In PARTICULARS EXPECTED AMOUNT (In Php) DIFFERENCE (In Php) Php) A. CASH INFLOWS: list down example of ALLOWANCE 0.00 expected income OTHER SOURCE 0.00 0.00 0.00 0.00 0.00 TOTAL CASH INFLOWS PHP 0.00 PHP 0.00 PHP 0.00 B. SPENDING: FOODS list down 0.00 example of expected EDUCATIONAL EXPENSES 0.00 PERSONAL EXPENSES 0.00 OTHER EXPENSES 0.00 expenses 0.00 |TOTAL EXPENSES PHP 0.00 PHP 0.00 PHP 0.00 VARIANCES PHP 0.00 PHP 0.00 PHP 0.00 RESULT: FINDINGS: RECOMMENDATION:
- Good night Please answer question 2 Thanks in advance Makers Ltd. manufactures and sells two products, Abba and Baba. In July 2018 Makers’Budget Department gathered the following data in order to prepare the individual budgets inthe master budget for 2019: 2019 Projected Sales:Product Unit PriceAbba 80,000 $ 190Baba 60,000 $ 270 2019 Inventories in Units: Expected Target:Product January 1, 2019 December 31, 2019Abba 22,000 26,000Baba 9,000 10,000 To produce 1 unit of Abba and Baba, the following direct materials are used:Direct Material Unit Abba BabaA Pounds 5 6B Pounds 3 4C…Good night Please answer a,b,c Thanks in advance Makers Ltd. manufactures and sells two products, Abba and Baba. In July 2018 Makers’Budget Department gathered the following data in order to prepare the individual budgets inthe master budget for 2019: 2019 Projected Sales:Product Unit PriceAbba 80,000 $ 190Baba 60,000 $ 270 2019 Inventories in Units: Expected Target:Product January 1, 2019 December 31, 2019Abba 22,000 26,000Baba 9,000 10,000 To produce 1 unit of Abba and Baba, the following direct materials are used:Direct Material Unit Abba BabaA Pounds 5 6B Pounds 3 4C…ttps://ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Flms.mheducation.com... Homework Problems i September-actual October-actual November-estimated December-estimated Total estimated for the current year Saved Units 40,000 60,000 80,000 50,000 800,000 Barnum Distributors wants a projection of cash receipts and cash payments for the month of November. On November 28, a note will be payable in the amount of $98,500, including interest. The cash balance on November 1 is $29,600. Accounts payable to merchandise creditors at the end of October were $217,000. The company's experience indicates that 70 percent of sales will be collected during the month of sale, 20 percent in the month following the sale, and 7 percent in the second month following the sale; 3 percent will be uncollectible. The company sells various products at an average price of $11 per unit. Selected sales figures are as follows. Help Budgeted operating expenses for…