Jamie Lee is reviewing her finances one month later. She has provided the actual amounts paid...
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Jamie Lee is reviewing her finances one month later. She has provided the actual amounts paid below. Use the cash budget table below to help her identify the variances in her budget. Each answer must have a value for the assignment to be complete. Enter "O" for any unused categories. Actual Amounts Incone Gross monthly salary Net nonthly salary Savings allocation: Regular savings Rainy-day savings Entertainment: Cake decorating class Movies with friends $2,610 Rent obligation $2,060 Utilities/electricity Utilities/water Monthly expenses $320 $130 $65 $185 Utilities/cable TV $30 Food $125 $210 $220 $65 Credit card payment $85 Car insurance Clothing $65 $110 $220 Gas/maintenance Budgeted Amounts Assetsi Checking account Emergency fund savings account Car Computer & iPad Liabilities: Student loan Credit card balance Incone Gross monthly salary Net monthly salary Savings allocation: Regular savings Rainy day savings Monthly Expenses $1,600 Rent obligation $3,800 Utilities/electricity $4,700 Utilities/water $850 Utilities/cable TV $6,100 Gas/maintenance $310 $115 $80 $95 Food $190 $135 $750 Credit card payment Car insurance $85 $85. $2,475 Clothing $05 $1,925 Entertainment: Cake decorating class $65 $185 Movies with frienda $30 $85 Income (Inflows) Budgeted Amounts- Budgeted Actual Amounts - Amounts- Variance Dollar Percent Dollar Salary $ 1,925 Other $ 0 Total income $ 1,925 100% 0% $ 100% $ $ 2,060 S (135) 0 S 2,060 $ D (135) in Quiz: Week1 (due Aug.30 at NC X in BUS 225 (601) FALL 2022: Cha X Question 3 - Chapter 2_Financ X Homework Help - Q&A from On X ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fconnect.mheducation.com%252Fconnect%252F... Chapter 2 Financial Planner Sheets 3 Income (Inflows) Salary 33.34 Other points Total income Saved Budgeted Amounts - Dollar Budgeted Amounts Percent - Actual Amounts - Dollar Variance $ 1,925 1,925 100% $ 0% 100% $ 2,060 $ 0 $ (135) 0 2,060 $ (135) Budgeted Disbursements Amounts - (Outflows) Dollar Budgeted Amounts - Percent Actual Amounts - Dollar Actual Amounts - Dollar eBook Emergency fund savings Emergency fund $ 0 0.00% 0 0 Print Savings (regular) $ 185 9.61% $ 185 $ 0 Savings Total savings 30 1.56% 30 $ 0 215 11.17% $ 215 $ 0 References Fixed expenses Mortgage or rent SA 310 16.10% $ 320 $ (10) Property taxes $ 0 0.00% $ 0 $ 0 Loan/credit card payment $ 85 4.42% $ 65 $ 20 Insurance $ FA 85 4.42% 110 (25) Other $ 0 0.00% 0 $ 0 Total fixed expenses EA 480 24.94% Variable expenses Food EA 190 9.87% EA EA 495 $ (15) $ 210 $ (20) Utilities $ 290 15.06% $ 320 $ (30) Clothing $ 85 4.42% $ 220 $ (135) Transportation costs 135 7.01% $ 220 $ (85) Personal care 0 0.00% 0 0 Medical and health care SA $ 0 0.00% 0 $ 0 Entertainment 150 7.79% 150 $ 0 + 0 Mc Graw Hill Prev 3 of 3 Next Help Save & Exit Submit Check my work in Quiz: Week1 (due Aug.30 at NC X in BUS 225 (601) FALL 2022: Cha X Question 3 - Chapter 2_Financ X Homework Help - Q&A from On X ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fconnect.mheducation.com%252Fconnect%252F... Chapter 2 Financial Planner Sheets Saved 3 33.34 points eBook Print Savillys Total savings Fixed expenses Mortgage or rent Property taxes Loan/credit card payment Insurance Other Total fixed expenses Variable expenses Food Utilities Clothing EA 1.30/0 P 215 11.17% 215 $ 0 EA 310 16.10% $ 320 $ (10) $ 0 0.00% $ 0 $ 0 EA 85 4.42% $ 65 $ 85 4.42% $ 110 $ (25) 22 20 0 0.00% 0 0 480 24.94% 495 $ (15) EA 190 9.87% 210 $ (20) S 290 15.06% $ 320 $ (30) EA $ 85 559 4.42% $ 220 $ (135) Transportation costs EA 135 7.01% $ 220 $ (85) References Personal care EA 0 0.00% $ 0 $ 0 Medical and health care $ 0 0.00% 0 0 Entertainment EA 150 7.79% $ 150 $ 0 Education $ 0 0.00% 0 $ 0 Gifts/donations Miscellaneous Other Total variable expenses Total expenses 0 0.00% $ 0 $ 0 0 60 EA 0.00% $ 0 $ 0 0 0.00% $ 0 0 850 44.15% $ 1,120 $ (270) 1,545 80.26% 1,830 (285) Mc Graw Hill < Prev 3 of 3 Next Help Save & Exit Submit Check my work Jamie Lee is reviewing her finances one month later. She has provided the actual amounts paid below. Use the cash budget table below to help her identify the variances in her budget. Each answer must have a value for the assignment to be complete. Enter "O" for any unused categories. Actual Amounts Incone Gross monthly salary Net nonthly salary Savings allocation: Regular savings Rainy-day savings Entertainment: Cake decorating class Movies with friends $2,610 Rent obligation $2,060 Utilities/electricity Utilities/water Monthly expenses $320 $130 $65 $185 Utilities/cable TV $30 Food $125 $210 $220 $65 Credit card payment $85 Car insurance Clothing $65 $110 $220 Gas/maintenance Budgeted Amounts Assetsi Checking account Emergency fund savings account Car Computer & iPad Liabilities: Student loan Credit card balance Incone Gross monthly salary Net monthly salary Savings allocation: Regular savings Rainy day savings Monthly Expenses $1,600 Rent obligation $3,800 Utilities/electricity $4,700 Utilities/water $850 Utilities/cable TV $6,100 Gas/maintenance $310 $115 $80 $95 Food $190 $135 $750 Credit card payment Car insurance $85 $85. $2,475 Clothing $05 $1,925 Entertainment: Cake decorating class $65 $185 Movies with frienda $30 $85 Income (Inflows) Budgeted Amounts- Budgeted Actual Amounts - Amounts- Variance Dollar Percent Dollar Salary $ 1,925 Other $ 0 Total income $ 1,925 100% 0% $ 100% $ $ 2,060 S (135) 0 S 2,060 $ D (135) in Quiz: Week1 (due Aug.30 at NC X in BUS 225 (601) FALL 2022: Cha X Question 3 - Chapter 2_Financ X Homework Help - Q&A from On X ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fconnect.mheducation.com%252Fconnect%252F... Chapter 2 Financial Planner Sheets 3 Income (Inflows) Salary 33.34 Other points Total income Saved Budgeted Amounts - Dollar Budgeted Amounts Percent - Actual Amounts - Dollar Variance $ 1,925 1,925 100% $ 0% 100% $ 2,060 $ 0 $ (135) 0 2,060 $ (135) Budgeted Disbursements Amounts - (Outflows) Dollar Budgeted Amounts - Percent Actual Amounts - Dollar Actual Amounts - Dollar eBook Emergency fund savings Emergency fund $ 0 0.00% 0 0 Print Savings (regular) $ 185 9.61% $ 185 $ 0 Savings Total savings 30 1.56% 30 $ 0 215 11.17% $ 215 $ 0 References Fixed expenses Mortgage or rent SA 310 16.10% $ 320 $ (10) Property taxes $ 0 0.00% $ 0 $ 0 Loan/credit card payment $ 85 4.42% $ 65 $ 20 Insurance $ FA 85 4.42% 110 (25) Other $ 0 0.00% 0 $ 0 Total fixed expenses EA 480 24.94% Variable expenses Food EA 190 9.87% EA EA 495 $ (15) $ 210 $ (20) Utilities $ 290 15.06% $ 320 $ (30) Clothing $ 85 4.42% $ 220 $ (135) Transportation costs 135 7.01% $ 220 $ (85) Personal care 0 0.00% 0 0 Medical and health care SA $ 0 0.00% 0 $ 0 Entertainment 150 7.79% 150 $ 0 + 0 Mc Graw Hill Prev 3 of 3 Next Help Save & Exit Submit Check my work in Quiz: Week1 (due Aug.30 at NC X in BUS 225 (601) FALL 2022: Cha X Question 3 - Chapter 2_Financ X Homework Help - Q&A from On X ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fconnect.mheducation.com%252Fconnect%252F... Chapter 2 Financial Planner Sheets Saved 3 33.34 points eBook Print Savillys Total savings Fixed expenses Mortgage or rent Property taxes Loan/credit card payment Insurance Other Total fixed expenses Variable expenses Food Utilities Clothing EA 1.30/0 P 215 11.17% 215 $ 0 EA 310 16.10% $ 320 $ (10) $ 0 0.00% $ 0 $ 0 EA 85 4.42% $ 65 $ 85 4.42% $ 110 $ (25) 22 20 0 0.00% 0 0 480 24.94% 495 $ (15) EA 190 9.87% 210 $ (20) S 290 15.06% $ 320 $ (30) EA $ 85 559 4.42% $ 220 $ (135) Transportation costs EA 135 7.01% $ 220 $ (85) References Personal care EA 0 0.00% $ 0 $ 0 Medical and health care $ 0 0.00% 0 0 Entertainment EA 150 7.79% $ 150 $ 0 Education $ 0 0.00% 0 $ 0 Gifts/donations Miscellaneous Other Total variable expenses Total expenses 0 0.00% $ 0 $ 0 0 60 EA 0.00% $ 0 $ 0 0 0.00% $ 0 0 850 44.15% $ 1,120 $ (270) 1,545 80.26% 1,830 (285) Mc Graw Hill < Prev 3 of 3 Next Help Save & Exit Submit Check my work
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