Income Pocket money Interest on saving account 2.5 Give reasons why Petrus will receive interest.2.4 If Petrus's budget stays the same for the next couple of months, following a methodUnderstand a personal budgetWork with a partner.Review Petrus Barnard's personal budget for June 2008 and answerthe questions.ExpensesIncomeR130R450ToiletriesPocket moneyTransport ticketTuck shopR110Exam wordsR50Interest on savings accountR2002.1 State Petrus's income for June 2008?2.2 Calculate Petrus's total expenses for June 2008.2.3 How much money does Petrus have left every month?state: give, sayor write down theinformation asked forcalculate: work outgive reasons: explainand use examples tojustifyhow Jong will it be before he can buy a DVD for R180?Unit 3 Budgets71

Note: Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question…

1 Work with a partner. Review Petrus Barnard's personal budget for June 2008 and answer the questions. Income Expenses Pocket money R450 Toiletries R130 Transport ticket Tuck shop Interest on savings account R50 R110 R200 2.1 State Petrus's income for June 2008? 2.2 Calculate Petrus's total expenses for June 2008. 23. How much money does Petrus have left every month? ctare the s

1 Work with a partner. Review Petrus Barnard's personal budget for June 2008 and answer the questions. Income Expenses Pocket money R450 Toiletries R130 Transport ticket Tuck shop Interest on savings account R50 R110 R200 2.1 State Petrus's income for June 2008? 2.2 Calculate Petrus's total expenses for June 2008. 23. How much money does Petrus have left every month? ctare the s

PFIN (with PFIN Online, 1 term (6 months) Printed Access Card) (New, Engaging Titles from 4LTR Press)

6th Edition

ISBN:9781337117005

Author:Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk

Publisher:Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk

Chapter2: Using Financial Statements And Budgets

Section: Chapter Questions

Problem 4FPE

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ONLY ANSWER QUESTION (B) AS I HAVE ANSWER FOR (A) ALREADY SALLAT Household Furnishings & Appliances is a family-owned business. You are themanagement accountant of the entity and have been given the task of preparing the cash budgetfor the business for the quarter ending September 30, 2022. Your data collection has yielded thefollowing:i) Extracts from the sales and purchases budgets are as follows:Month CashSales SalesOn Account CashPurchases PurchasesOn AccountMay $75,000 $480,000 $390,000June $135,000 $600,000 $36,000 $360,000July $86,800 $720,000 $61,700 $450,000August $105,600 $640,000 $68,800…
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:
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…
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
* 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…
Reflection: Write your answer on a separate sheet of paper. Make your own monthly personal cash budget using the General Form of the Cash Budget below. You can itemize your sources of cash and your expenses. CASH BUDGET Week Week Week Week Total 1 2 3 4 Cash Receipts (itemized) XXX Less-Cash Disbursement XXX (itemized) Net Cash Flow XXX Add-Beginning Cash Ending Cash XXX XXX Required Ending Cash Balance XXX Required Total Financing Excess Cash Balance XXX
Classique Household Furnishings & Appliances is a family-owned furniture store. You are themanagement accountant of the concern and have been given the task of preparing the cash budget for thebusiness for the quarter ending September 30, 2018. Your data collection has yielded the following:i) Extracts from the sales and purchases budgets are as follows: MonthCashSalesSalesOn AccountPurchasesOn AccountMay $50,000 $480,000 $390,000June $65,000 $600,000 $360,000July $43,400 $720,000 $450,000August $52,800 $640,000 $400,000September $56,750 $800,000 $500,000ii) An analysis of the records shows that trade receivables (accounts receivable) for sales on accountare settled according to the following credit pattern, in accordance with the credit terms 5/30, n90:50% in the month of sale35% in the first month following the sale15% in the second month following the saleiii) Accounts payable are settled as follows, in accordance with the credit terms – 4/30, n60:70% in the month in which the…
Classique Household Furnishings & Appliances is a family-owned furniture store. You are themanagement accountant of the concern and have been given the task of preparing the cash budget for thebusiness for the quarter ending September 30, 2018. Your data collection has yielded the following:i) Extracts from the sales and purchases budgets are as follows:MonthCashSalesSalesOn AccountPurchasesOn AccountMay $50,000 $480,000 $390,000June $65,000 $600,000 $360,000July $43,400 $720,000 $450,000August $52,800 $640,000 $400,000September $56,750 $800,000 $500,000ii) An analysis of the records shows that trade receivables (accounts receivable) for sales on accountare settled according to the following credit pattern, in accordance with the credit terms 5/30, n90:50% in the month of sale35% in the first month following the sale15% in the second month following the saleiii) Accounts payable are settled as follows, in accordance with the credit terms – 4/30, n60:70% in the month in which the…
Answer Needed for Part B onlySALLAT Household Furnishings & Appliances is a family-owned business. You are themanagement accountant of the entity and have been given the task of preparing the cash budgetfor the business for the quarter ending September 30, 2022. Your data collection has yielded thefollowing:i) Extracts from the sales and purchases budgets are as follows:****Table attachedii) An analysis of the records shows that trade receivables (accounts receivable) for sales onaccount are settled according to the following credit pattern, in accordance with the creditterms 5/30, n90:50% in the month of sale35% in the first month following the sale15% in the second month following the saleiii) Accounts Payable are settled as follows, in accordance with the credit terms – 4/30, n60:70% in the month in which the inventory is purchased30% in the following monthiv) Computer equipment, which is estimated to cost $350,000, will be acquired in August. Themanager has planned with the…
* 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…
Activate Use free at Ottice.com Lesson 5: Budgeting Calculate the average monthly expenses for these individuals. 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 $800 in June and July. His average monthly expenses 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 $255 Rent $275 Utilities $300 Grocery $150 Other $200 Total:
A4) Create a budget on a spreadsheet supposing you earn $45,000 a year