Using the Excel Budget Spreadsheet as a guide, fill in the values below for each respective...
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Using the Excel Budget Spreadsheet as a guide, fill in the values below for each respective category. Answer the questions following each scenario in the "Excel Budget Assignment" quiz. Bubha trouble managing Robes Seart Sally Mortgage Transportation Clothing Personal Care Student Loans Leisure Property Taxes Income: Bob earns a monthly not income of $180.00 for finding earthworms. Smart Sally ears a monthly net income of $6245.00 as a nuclear physicist. Expenses: Miscellaneous Gifts and Donations Car Insurance $1580.00 $288.00 $146.00 $62.00 $544.00 $160.00 $271.67 $188.00 $95.00 $357.00 Groceries Car Payment Health Care Household Utilities Vacations House Insurance Telecommunications Gym Membership Savings Let's pla 1. Using your current spreadsheet a. What is the total income? b. What are the total expenses? c. How much is placed into savings each month? d. Do Bob and Sally have a surplus or a deficit? By how much? $584.00 $262.00 $63.00 $169.00 $260.00 $290.00 $426.00 $163.50 $94.50 10% Income 2. Sally's salary increases by $100 per month. They also have paid off all student loans. Make these changes to your spreadsheet & How much do their expenses now total? b. Do Bob and Sally have a surplus or a deficit? By how much! 3. Bob and Sally's mortgage payment increases to $1632.00. Their roof starts to leak and they need to replace it. They budget $500 per month (replace the old student loan charge with roof expense). a. Do Bob and Sally have a surplus or a deficit? By how much? b. They decide to stop putting money into savings. How much will their balance bet c. Do you agree with them removing savings payments to create a surplus? d. Are there any other areas you think they should spend less on to break even, other than saving? 4. After two years, the roof is paid off, Bob's monthly salary doubled, and their car is paid off (insurance remains the same). They again decide to put 10% of their income into savings a. Do Bob and Sally have a surplus or a deficit? By how much! them as Using the Excel Budget Spreadsheet as a guide, fill in the values below for each respective category. Answer the questions following each scenario in the "Excel Budget Assignment" quiz. Bubha trouble managing Robes Seart Sally Mortgage Transportation Clothing Personal Care Student Loans Leisure Property Taxes Income: Bob earns a monthly not income of $180.00 for finding earthworms. Smart Sally ears a monthly net income of $6245.00 as a nuclear physicist. Expenses: Miscellaneous Gifts and Donations Car Insurance $1580.00 $288.00 $146.00 $62.00 $544.00 $160.00 $271.67 $188.00 $95.00 $357.00 Groceries Car Payment Health Care Household Utilities Vacations House Insurance Telecommunications Gym Membership Savings Let's pla 1. Using your current spreadsheet a. What is the total income? b. What are the total expenses? c. How much is placed into savings each month? d. Do Bob and Sally have a surplus or a deficit? By how much? $584.00 $262.00 $63.00 $169.00 $260.00 $290.00 $426.00 $163.50 $94.50 10% Income 2. Sally's salary increases by $100 per month. They also have paid off all student loans. Make these changes to your spreadsheet & How much do their expenses now total? b. Do Bob and Sally have a surplus or a deficit? By how much! 3. Bob and Sally's mortgage payment increases to $1632.00. Their roof starts to leak and they need to replace it. They budget $500 per month (replace the old student loan charge with roof expense). a. Do Bob and Sally have a surplus or a deficit? By how much? b. They decide to stop putting money into savings. How much will their balance bet c. Do you agree with them removing savings payments to create a surplus? d. Are there any other areas you think they should spend less on to break even, other than saving? 4. After two years, the roof is paid off, Bob's monthly salary doubled, and their car is paid off (insurance remains the same). They again decide to put 10% of their income into savings a. Do Bob and Sally have a surplus or a deficit? By how much! them as
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Scenario 1 Income BOBs monthly incom Sallys monthly income Total income Expenses Mortgage Transporta... View the full answer
Related Book For
Introduction to Statistical Investigations
ISBN: 978-1118922002
1st edition
Authors: Beth L.Chance, George W.Cobb, Allan J.Rossman Nathan Tintle, Todd Swanson Soma Roy
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