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Norma-Jean [14]
2 years ago
15

For this lab, you will create and fill out a personal budget representing your monthly “costs” as a student. To start, check out

the following website, which discusses how to fill out a budget.
Read through the tips provided to get some slightly more specialized budget information. We recommend taking a close look at the sample monthly budget for teens.

You’ll be making a customized budget for yourself. You can use the provided blank template on the site (“Your Monthly Budget”) to form the basis of your budget sheet, or you can create one yourself using other online templates as a starting point and inspiration. For each item in your budget, consider what it costs to fill that need in an average month.

Start with income. If you don’t have any income, that’s ok! It’s still useful to know how much you spend each month, regardless of whether you have money coming in. If you do work, have an allowance, or in any other way reliably generate some cash from month to month, be sure to note that; otherwise, create an income entry that just says “N/A” or zero.
When it comes to tracking where your money goes, being more specific is great, but for this exercise you can always bundle items into subcategories. For example, gas, water, trash, and electricity costs are all good to account for individually, but you can total them up and list them as “utilities” to save space. When deciding on the categories where you will allocate your spending, take a look at the categories on the provided template if you get stuck; they provide great examples. For instance, most of you surely spend money on “entertainment” (movies, monthly Netflix costs, etc.), and if you’re an avid reader or eat out a lot, specialized entries for those categories will make sense.
Even if you yourself don’t buy the groceries that you eat, you should have a sense of how much is spent to feed you each month—ask your parents for help, or go to the grocery store with a calculator! And don’t forget your “share” of utilities—for example, your cell phone bill, rent, electricity, cable/internet, even how much any insurance costs each month. If getting exact numbers is tricky, you can usually search online to find average costs for most of these expenses by neighborhood or zip code. If you can’t even begin to figure out how much your share of a cost is, include it anyway by noting N/A or “???” to indicate the amount is unclear.
At the very least, your budget should absolutely include categories for rent, utilities, groceries, and at least one column with discretionary/fun/charitable spending.
After you’ve identified all sources of income and figured out everything you can in terms of how much it costs to just be you each month, check out this website for more detailed instructions on what to do with a budget.
In particular, you definitely want to focus on breaking expenses into two categories: fixed and variable. Divide your items into those two categories, then sum up the values for each one. Which costs you more each month?
Write a short paragraph reflecting on this experience; in particular, examine the overall costs per month and assess the difference between your fixed and variable costs. Does this encourage you to change anything about the way you might spend money in the future?
For this assignment, submit both the spreadsheet containing your budget and your paragraph of reflection.
Business
1 answer:
nevsk [136]2 years ago
8 0

Answer:

t6g6fgg gy

Explanation:

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Pension plan assets were $1,200 million at the beginning of the year and $1,252 million at the end of the year. At the end of th
FromTheMoon [43]

Answer: 4%

Explanation:

From the question, we are informed that Pension plan assets were $1,200 million at the beginning of the year and $1,252 million at the end of the year and that at the end of the year, retiree benefits paid by the trustee were $28 million and cash invested in the pension fund was $32 million.

Based on the above scenario, the percentage rate of return on plan assets goes thus:

Opening balance of plan assets 1200

Add:- Actual return = 48

Add:- contributions = 32

Less :- retiree benefits = -28

Closing balance of plan assets = 1252

It should be noted that the actual return is the balancing figure which is calculated as:

= 1252 + 28 - 1200 - 32

= 48

The percentage rate of return on plan assets will now be:

= 48/1200

=0.04

= 4%

4 0
3 years ago
The kenosha company has three product lines of beer mugslong dash​a, ​b, and clong dashwith contribution margins of $ 5​, $ 4​,
Tema [17]

Answer:

break even point in units:

  • a = 11,700
  • b = 46,800
  • c = 35,100

Explanation:

beer mugs          contribution margin         expected sales

a                                $5                                   25,000

b                                $4                                  100,000

c                                $3                                   50,000

fixed costs = $351,000

if the sales proportion remains the same, we can assume a bundle of products = 1a + 4b + 3c (1 for every 25,000 units) whose contribution margin = $5 + $16 + $9 = $30

break even point = fixed costs / bundle's contribution margin = $351,000 / $30 = 11,700 bundles

break even point in units:

a = 11,700

b = 11,700 x 4 = 46,800

c = 11,700 x 3 = 35,100

3 0
3 years ago
I’m 15 Years Old I Need A Job Changing Baby Girl Poop Diapers Do Any Of Y’all Know Where There Is A Place Where They Allow 15 Ye
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Explanation:

you can come to India I think here you will get it

3 0
2 years ago
On November 1 of the current year, Rob Elliot invested $29,750.00 of his cash to form a corporation, GGE Enterprises Inc., in ex
slavikrds [6]

Answer:

1. What is the amount of profit or loss during December?

  • $9,300

2. What were the total expenses for December?

  • $12,950

3. How much was paid for rent?

  • $1,220

Explanation:

we are missing some numbers, so I looked for a similar question. I found one that was almost identical, but the amount of initial paid in capital varied by a little bit. I still used it with the only difference that I used the given common stock, not the common stock that appears in the picture.

Common stock $29,750

retained earnings for November = $5,000

total assets = $56,150

total stockholders' equity = $38,300

retained earnings = $38,300 - $29,750 = $8,550

  • $5,000 from November
  • $3,550 from December

December's profit = $3,550 (retained earnings) + $5,750 (dividends) = $9,300

income statement = $27,250 - total expenses = $9,300 + $5,000 = $14,300

total expenses = $27,250 - $14,300 = $12,950

utilities expense = $12,950 - $6,450 - $4,625 - $1,220 = $655

3 0
3 years ago
My answer c not sure
AleksandrR [38]
A is your answer so then there is less supply than there is demand.
8 0
2 years ago
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