Suppose Annaliese has 5,200 as a basis for her monthly budget. If she wants to invest 20% of her budget, how much should she invest each month
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Master Budget
A master budget can be defined as an estimation of the revenue earned or expenses incurred over a specified period of time in the future and it is generally prepared on a periodic basis which can be either monthly, quarterly, half-yearly, or annually. It helps a business, an organization, or even an individual to manage the money effectively. A budget also helps in monitoring the performance of the people in the organization and helps in better decision-making.
Sales Budget and Selling
A budget is a financial plan designed by an undertaking for a definite period in future which acts as a major contributor towards enhancing the financial success of the business undertaking. The budget generally takes into account both current and future income and expenses.
Suppose Annaliese has 5,200 as a basis for her monthly budget. If she wants to invest 20% of her budget, how much should she invest each month?
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- Leyia and Larry Hartley of Columbus, Ohio have decided to start a family next year, so they are looking over their budget. Leyia thinks that she can go on half-salary ($2,400 instead of $4,800 per month) in her job as a college textbook sales representative for about 18 months after the baby's birth; she will then return to full-time work. Looking at the Hartley's current monthly budget, identify categories and amounts in their budget where they realistically might cut back $2,400. (Hint: Federal and state taxes should drop about $600 a month ($7,200 annually) as their income drops.)Based on the information below, create a monthly budget. Once the budget is established, estimate how much you would be able to save monthly. Identify three money wasters that you might keep you from sticking to your budget. What would the impact of those money wasters be on your ability to save? Budget Scenario You have recently graduated with a degree in marketing and started a job that pays $50,000 per year. Your monthly net income is $3,000. You have decided to move into a one-bedroom apartment in Saint Paul. Since you work within walking distance, you won’t need to own a car. You don’t want to be lonely in your new place, so you decided to adopt a pet. You let your friends talk you into joining the YMCA since it is now close to your new place. You have one credit card for emergencies, but you did use it to buy some new furniture for your apartment. You need to create a budget that you can stick to, because you are saving your money to take a trip to Europe in three years.…You've just graduated from college, and you are contemplating your lifetime budget. You think your general living expenses will average around $50,000 a year. For the next 8 years, you will rent an apartment for $16,000 a year. At the end of Year 8, you will want to buy a house that should cost around $250,000. In addition, you will need to buy a new car roughly once every 10 years, starting now and continuing for the next 50 years, costing around $30,000 each. In 25 years, you will have to put aside around $150,000 to put a child through college, and in 30 years, you'll need to do the same for another child. In 50 years, you will retire and will need to have accumulated enough savings to support roughly 20 years of retirement spending of around $35, 000 a year on top of your Social Security benefits. The interest rate is 5% per year. What average salary will you need to earn to support this lifetime consumption plan? Whoops! You just realized that the inflation rate over your lifetime…
- Felice lives and works for two periods. In the first period, she earns 220 coconuts and in the second period, she earns 350 coconuts. In each period, she pays 20 coconuts in taxes. Suppose that Felice can save or borrow from a bank at the same interest rate of 10%. Suppose also that she likes to consume today 240 coconuts. On the graph below draw her budget constraint including both intercepts, her endowment point including its coordinates, and use an indifference curve to show her optimal consumption point and its coordinates. Suppose that the government cuts taxes by 10 coconuts and that, to pay back its debt, in the future period it raises taxes by 11 coconuts (the 10 coconuts plus the 10% interest on its debt of 10 coconuts, which is 1 coconut). What is the effect of the government’s action on Felice’s current consumption and welfare? Does the Ricardian equivalence hold? Explain! Now suppose that the economy enters a recession, and some people begin to default on their loans.…This is Ben’s budget. Use his budget to determine the answer to the following question: Scenario: Suppose Ben wants to buy a house for $251,599. For a 15-year mortgage, Ben gets a 4% interest rate. Calculate his monthly payments for this 15-year mortgage, after the 20% down payment.This is Ben’s budget. Use his budget to determine the answer to the following questions: 1. Scenario: Suppose Ben wants to buy a house for $251,599. Calculate his 20% down payment for this home. 2. Scenario: Suppose Ben wants to buy a house for $251,599. For a 15-year mortgage, Ben gets a 4% interest rate. Calculate his monthly payments for this 15-year mortgage. 3. Scenario: Suppose Ben wants to buy a house for $251,599. For a 30-year mortgage, Ben gets a 5% interest rate. Calculate his monthly payments for this 30-year mortgage
- Suppose you spent $800 on clothing in the past six months. If you spend 20 percent less in the next six months, how much will you save?Sandra's net income is $1247 per week. Sandra is trying to stick to a budget and allocates 20% of her pay to "wants." How much does Sandra have to spend on wants per week?A. Help Susan develop a model for the year that will meet her irregular monthly financial obligations while achieving her investment objectives and solve the model. B. If Susan decides she doesn’t want to include all her original $3,800 in her budget at the beginning of the year, but instead she wants to invest some of it directly in alternative longer-term investments, how much does she need to develop a feasible budget?
- The Brandon household has monthly income of %5,630 on which to base their budget. They plan to save 10% and spend 32% on fixed expenses and 56% on variable expenses. What amount do they plsn to set aside for each budget section in Savings, fixed expenses, and variable expenses?You collect 80% of each month's sales in one month following the sale and 20%, the remainder, two months following the sale. If your sales are budgeted to be: January February March $100,000 $150,000 $140,000 What would be your amount for cash collected from customers in March?Carl is a student at a college. He has a part-time job with take-home pay of $525 every two weeks. He has received a scholarship of $4100 this year. a) Use the data provided to design a monthly budget for Carl. Show your calculations for his income and expenses. Identify each expense as fixed or variable. b) Is Carl earning enough to cover his expenses? If not, suggest how he could balance the budget