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11. You have a net income of $40000/year. Your expenses include the following: 。 Rent: $800/month 。 Insurance: $225/semi-annually 。 Car Payment: $315/month • Car Expenses: $1000/year 。 RRSP: $50/month 。 Entertainment: $50/week 。 Cell Phone: $75/month 。 Food: $500/month a. Create a budget. b. Modify the budget to include a savings plan of $100/week. c. You paid off your car and have decided to buy a house. Your mortgage payment is now $1050/month. Modify the budget to reflect this new financial plan.

11. You have a net income of $40000/year. Your expenses include the following: 。 Rent: $800/month 。 Insurance: $225/semi-annually 。 Car Payment: $315/month • Car Expenses: $1000/year 。 RRSP: $50/month 。 Entertainment: $50/week 。 Cell Phone: $75/month 。 Food: $500/month a. Create a budget. b. Modify the budget to include a savings plan of $100/week. c. You paid off your car and have decided to buy a house. Your mortgage payment is now $1050/month. Modify the budget to reflect this new financial plan.

Excel Applications for Accounting Principles
Excel Applications for Accounting Principles
4th Edition
ISBN:9781111581565
Author:Gaylord N. Smith
Publisher:Gaylord N. Smith
Chapter22: Master Budget (master)
Section: Chapter Questions
Problem 3R: Review the completed master budget and answer the following questions: Is Ranger Industries...
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11. You have a net income of $40000/year. Your expenses include the following: 。 Rent: $800/month 。 Insurance: $225/semi-annually 。 Car Payment: $315/month • Car Expenses: $1000/year 。 RRSP: $50/month 。 Entertainment: $50/week 。 Cell Phone: $75/month 。 Food: $500/month a. Create a budget. b. Modify the budget to include a savings plan of $100/week. c. You paid off your car and have decided to buy a house. Your mortgage payment is now $1050/month. Modify the budget to reflect this new financial plan.
Transcribed Image Text:11. You have a net income of $40000/year. Your expenses include the following: 。 Rent: $800/month 。 Insurance: $225/semi-annually 。 Car Payment: $315/month • Car Expenses: $1000/year 。 RRSP: $50/month 。 Entertainment: $50/week 。 Cell Phone: $75/month 。 Food: $500/month a. Create a budget. b. Modify the budget to include a savings plan of $100/week. c. You paid off your car and have decided to buy a house. Your mortgage payment is now $1050/month. Modify the budget to reflect this new financial plan.
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