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Foundations of Business - Standalo...

4th Edition
William M. Pride + 2 others
ISBN: 9781285193946

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BuyFindarrow_forward

Foundations of Business - Standalo...

4th Edition
William M. Pride + 2 others
ISBN: 9781285193946
Textbook Problem

Develop a personal cash budget for the next six months. Explain what you would do if there are budget shortfalls or excess cash amounts at the end of any month during the six month period.

Summary Introduction

To determine: Developing a personal cash budget for next six months and the reasons if there are a budget shortfalls or excess cash amounts at the end of any moth during the six month period.

Introduction: A cash budget is a financial plan or plan of projected money receipts and payment during the period. Capital Budgeting is the procedure on making investment choices in fixed assets or capital expenditure.

Explanation

The personal cash budgets next six months are as follows:

Using an excel spreadsheet the personal cash budget for next six months is developed as,

Excel Spreadsheet:

Excel Workings:

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