calculation the below ratios of personal budget. Net Income? Ratios ? Debt ratio ? Current ratio? Liquidity
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
2023 2024 BUDGET Total ACTUAL Revenue TOTAL Jan Feb Mar Employment Income 3000 2500 2500 2500 Apr 2500 May 2500 Jun 2500 Jul 2500 Aug Sep Oct Nov Dec 2500 2500 2500 2500 2500 30000 Student Assistance N/A Other (specify) N/A Child support/spousal support N/A TOTAL REVENUE 2500 2500 2500 2500 2500 2500 2500 2500 2500 2500 2500 2500 Expenses Clothing 150 20 20 20 20 20 20 20 20 20 20 20 20 240 Communications Internet 150 150 150 150 150 150 150 150 150 150 150 150 150 1800 Phone 480 40 40 40 40 40 40 40 40 40 40 40 40 480 Technology, computer, TV etc. N/A Dining out 500 30 30 100 30 30 30 30 30 30 30 30 150 550 Donations N/A Education Tuition & expenses 5500 5500 Books 250 250 Supplies 100 20 1100 100 20 1000 100 20 7600 450 60 Childcare N/A Entertainment N/A Groceries 4800 350 350 350 350 350 350 350 350 350 350 350 350 4200 Healthcare Therapy not covered N/A Dental N/A Frecriptions N/A Insurance 960 80 80 80 80 80 80 80 80 80 80 80 80 960 Mortgage N/A Recreation N/A Rent 6000 500 500 500 500 500 500 500 500 500 500 500 500 6000 Transportation 900 75 75 75 75 75 75 75 75 75 75 75 75 900 Utilities 1200 100 100 100 100 100 100 100 100 100 100 100 100 1200 Vehicle Expenses (gas, service, maintenance) N/A Car Payments N/A Incidentals N/A Hygiene 200 30 10 10 10 30 10 10 30 10 10 30 10 200 Holiday or Trip (accommodation, travel, meals, incidentals) N/A Gifts/ Xmas/Birthday 700 150 150 150 150 600 Loans N/A Child or spousal support N/A Emergency Funds/monthly savings 900 100 100 100 100 100 100 100 100 100 100 100 100 1200 Other 22790 7245 1455 1525 2675 1475 1455 1455 1625 2725 1605 1475 1725 26440 TOTAL EXPENSES 2023 2024 BUDGET Total ACTUAL Revenue TOTAL Jan Feb Mar Employment Income 3000 2500 2500 2500 Apr 2500 May 2500 Jun 2500 Jul 2500 Aug Sep Oct Nov Dec 2500 2500 2500 2500 2500 30000 Student Assistance N/A Other (specify) N/A Child support/spousal support N/A TOTAL REVENUE 2500 2500 2500 2500 2500 2500 2500 2500 2500 2500 2500 2500 Expenses Clothing 150 20 20 20 20 20 20 20 20 20 20 20 20 240 Communications Internet 150 150 150 150 150 150 150 150 150 150 150 150 150 1800 Phone 480 40 40 40 40 40 40 40 40 40 40 40 40 480 Technology, computer, TV etc. N/A Dining out 500 30 30 100 30 30 30 30 30 30 30 30 150 550 Donations N/A Education Tuition & expenses 5500 5500 Books 250 250 Supplies 100 20 1100 100 20 1000 100 20 7600 450 60 Childcare N/A Entertainment N/A Groceries 4800 350 350 350 350 350 350 350 350 350 350 350 350 4200 Healthcare Therapy not covered N/A Dental N/A Frecriptions N/A Insurance 960 80 80 80 80 80 80 80 80 80 80 80 80 960 Mortgage N/A Recreation N/A Rent 6000 500 500 500 500 500 500 500 500 500 500 500 500 6000 Transportation 900 75 75 75 75 75 75 75 75 75 75 75 75 900 Utilities 1200 100 100 100 100 100 100 100 100 100 100 100 100 1200 Vehicle Expenses (gas, service, maintenance) N/A Car Payments N/A Incidentals N/A Hygiene 200 30 10 10 10 30 10 10 30 10 10 30 10 200 Holiday or Trip (accommodation, travel, meals, incidentals) N/A Gifts/ Xmas/Birthday 700 150 150 150 150 600 Loans N/A Child or spousal support N/A Emergency Funds/monthly savings 900 100 100 100 100 100 100 100 100 100 100 100 100 1200 Other 22790 7245 1455 1525 2675 1475 1455 1455 1625 2725 1605 1475 1725 26440 TOTAL EXPENSES
Expert Answer:
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date:
Students also viewed these finance questions
-
Using visitor numbers over a period of years for a selection of attractions: (a) produce a life-cycle graph for the selected attraction, (b) suggest which stage each attraction is going through in...
-
An LNC can detect alterations in the record by Select one: a. Examining notes written in the margin b. Looking through late entries for detailed explanations c. Finding a doctor's explanation that is...
-
Why are individuals at risk for osteoporosis encouraged to increase their exercise regimes, including toad-bearing exercises?
-
A 1.0 mW laser produces red light of wavelength 6.48 10 7 m. Calculate how many photons the laser produces per second. To answer questions you will need these values: Speed of light in a vacuum c =...
-
I spent time with you. It seems that this deed is out of character for you. You were not awarded your normal annual bonus. I would probably feel the same. Is that what happened? You normally wouldnt...
-
The controller of Sonoma Housewares Inc. instructs you to prepare a monthly cash budget for the next three months. You are presented with the following budget information: The company expects to sell...
-
Discuss in detail some of the most common mistakes made when administering a database? Who is responsible for completing tasks needed to administer the database? What could have been done differently...
-
1. Should Northern have invested in TUFS? 2. What went wrong with the TUFS investment and what can be done to prevent these problems in the future? 3. What does Northern need to do to realize the...
-
The figure shows a graph of two pulses traveling toward each other at t = 0 s. Each pulse has a constant speed of 1 cm/s. When t = 2.5 s, what is the height of the resultant pulse at x = 5 cm? +2 cm...
-
A 2.0-kg block on a rough horizontal surface moves toward a spring of force constant k = 2000 N/m. The speed of the block at the moment it collides with the spring is 6.0 m/s. If a constant friction...
-
An object moves in the positive direction of the x axis with a negative acceleration of -5.0 m/s. At t = 6.0 s, the object changes direction, and at t = 10.0 s, the object is in the position x = 650...
-
In the opposite circuit (R1 =6) (R2 = 42). And the reading of voltmeter (3v), What is the amount of total voltage Vemf for battery? R R
-
The figure shows a graph of two pulses traveling toward each other at t=0 s. Each pulse has a constant speed of 1 cm/s. When t = 5 s, what is the height of the resultant pulse at x = 3 cm? +2 cm +1...
-
Grand View Grocers Corporation, headquartered in Clewiston, Florida, is among the nations top grocery chain companies, with over $34 billion in revenue. It operates and owns approximately 1,500...
-
Illini Company, Inc. Balance Sheet as of 12/31/20X0 Assets Current Assets: Cash $1,500,000 Accounts receivable, net 18,000 Inventory 50,000 Total current assets 1,568,000 Equipment 90,000 Goodwill...
-
Kathy Kennedy (age 44) is a single taxpayer and she lives at 212 North Pine Way, Payson, AZ 85541. Her Social Security number is 467-98-9784. Kathy's earnings and income tax withholding as the...
-
Sherry rents her vacation home for 6 months and lives in it for 6 months during the year. Her gross rental income during the year is $4,000. Total real estate taxes for the home are $950, and...
-
Walter, a single taxpayer, purchased a limited partnership interest in a tax shelter in 1985. He also acquired a rental house in 2012, which he actively manages. During 2012, Walter's share of the...
-
Prove that the boosted right-handed spinor \(\psi_{\mathrm{R}}(\boldsymbol{p})\) is related to the corresponding rest spinor by Eq. (14.21).
-
Use the \(\gamma\)-matrices in the Weyl representation to show that the Dirac equation (14.31) is equivalent to Eq. (14.25). Data from Eq. 14.31 Data from Eq. 14.25 (y"Pu-m)(p) = (iy" - m)(p) = 0
-
Prove the identity \((\sigma \cdot \boldsymbol{p})^{2}=\mathrm{I}^{(2)} p^{2}\), where \(\sigma=\left(\sigma_{1}, \sigma_{2}, \sigma_{3} ight)\) are the Pauli matrices, \(\boldsymbol{p}\) is the...
Study smarter with the SolutionInn App