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 Income: Gross monthly salary Net monthly salary Savings allocation: Regular savings Rainy day savings Entertainment: Monthly expenses: $2,225 Rent obligation $295 $1,660 Utilities/electricity Utilities/water $100 $35 $150 Utilities/cable TV $95 $25 Food $145 Gas/maintenance $150 Cake decorating class Movies with friends $35 Credit card payment $25 $50 Car insurance $60 Clothing $150 Budgeted Amounts Assets: Checking account Emergency fund savings account Car Computer & iPad Liabilities: Student loan Credit card balance Income: Gross monthly salary Net monthly salary Savings allocation: Regular savings Rainy day savings Monthly Expenses: $1,250 Rent obligation $3,100 Utilities/electricity $4,000 Utilities/water $500 Utilities/cable TV Food $5,400 Gas/maintenance $400 Credit card payment Car insurance $2,125 Clothing $1,560 Entertainment: Cake decorating class $150 Movies with friends $25 $275 $80 $45 $60 $120 $100 $50 $50 $50 $35 $50 Income (Inflows) Budgeted Amounts - Budgeted Amounts - Dollar Percent Actual Amounts - Dollar Variance Salary NaN 0 Other NaN Total income $ 0 NaNNaN $ 0 $ 0 Disbursements Budgeted Budgeted Amounts - Amounts - Actual Amounts - Variance (Outflows) Dollar Percent Dollar Emergency fund savings Emergency fund Savings (regular) Savings Total savings Fixed expenses Mortgage or rent Property taxes Loan/credit card payment Insurance Other Total fixed expenses EA NaN NaN NaN S S S 0 0.00% $ 0 $ NaN NaN NaN SA S NaN NaN 0.00% $ 0 0 0 0 0 0 0 0 Variable expenses Food NaN $ 0 Utilities NaN $ 0 Clothing NaN Transportation costs NaN 0 Personal care NaN $ 0 Medical and health care NaN 0 Entertainment NaN $ 0 Education NaN $ 0 Gifts/donations NaN $ 0 Miscellaneous NaN $ 0 Other NaN $ 0 Total variable expenses $ 0 0.00% $ 0 69 $ 0 Total expenses $ 0 NaN $ 0 $ 0 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 Income: Gross monthly salary Net monthly salary Savings allocation: Regular savings Rainy day savings Entertainment: Monthly expenses: $2,225 Rent obligation $295 $1,660 Utilities/electricity Utilities/water $100 $35 $150 Utilities/cable TV $95 $25 Food $145 Gas/maintenance $150 Cake decorating class Movies with friends $35 Credit card payment $25 $50 Car insurance $60 Clothing $150 Budgeted Amounts Assets: Checking account Emergency fund savings account Car Computer & iPad Liabilities: Student loan Credit card balance Income: Gross monthly salary Net monthly salary Savings allocation: Regular savings Rainy day savings Monthly Expenses: $1,250 Rent obligation $3,100 Utilities/electricity $4,000 Utilities/water $500 Utilities/cable TV Food $5,400 Gas/maintenance $400 Credit card payment Car insurance $2,125 Clothing $1,560 Entertainment: Cake decorating class $150 Movies with friends $25 $275 $80 $45 $60 $120 $100 $50 $50 $50 $35 $50 Income (Inflows) Budgeted Amounts - Budgeted Amounts - Dollar Percent Actual Amounts - Dollar Variance Salary NaN 0 Other NaN Total income $ 0 NaNNaN $ 0 $ 0 Disbursements Budgeted Budgeted Amounts - Amounts - Actual Amounts - Variance (Outflows) Dollar Percent Dollar Emergency fund savings Emergency fund Savings (regular) Savings Total savings Fixed expenses Mortgage or rent Property taxes Loan/credit card payment Insurance Other Total fixed expenses EA NaN NaN NaN S S S 0 0.00% $ 0 $ NaN NaN NaN SA S NaN NaN 0.00% $ 0 0 0 0 0 0 0 0 Variable expenses Food NaN $ 0 Utilities NaN $ 0 Clothing NaN Transportation costs NaN 0 Personal care NaN $ 0 Medical and health care NaN 0 Entertainment NaN $ 0 Education NaN $ 0 Gifts/donations NaN $ 0 Miscellaneous NaN $ 0 Other NaN $ 0 Total variable expenses $ 0 0.00% $ 0 69 $ 0 Total expenses $ 0 NaN $ 0 $ 0
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