None 11. You have a net income of$40000/year. Your expenses includethe 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/montha. Create a budget.b. Modify the budget to include a savingsplan of $100/week.c. You paid off your car and have decidedto buy a house. Your mortgage paymentis now $1050/month. Modify the budgetto reflect this new financial plan.

To solve this problem, we'll go through the steps of creating and modifying a budget based on the…

Answered: 11. You have a net income of…

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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Similar questions

K For the following situation, find the average monthly expense that you would use in budgeting for the given expense. Note: Annual means once a year, and semiannual means twice a year. You own your own home and pay $1300 annually in homeowners insurance, $2200 semiannually in property tax, and $950 monthly in mortgage (house loan) payments. In addition, just to be safe, you decide to set aside $2060 per year for unexpected expenses (for example, water heater replacement, sewer clean-out, or roof repair). The average monthly expense that you would use in budgeting is $☐ (Round to the nearest cent as needed.)
1) the total equal to part 1 is $5,924, calculate what percent of your monthly take-home salary you spend each of your monthly expenses show your work below add these percentages to the third column of the table.
Step 1: Working out your budget. You have a down payment of $1000, and interest rate of 6%/a compounded monthly for 5 years. Your budget is $350/month. Calculate the maximum price of the car you can afford. R[1-(1+i) Hint: Use PV = (upload a picture of the calculations and paste here, or use insert equation to show all steps in the calculation) Calculate 75% of your budget. (write 75% of your budget here).
Can someone help me, please?
A7 please help......
(Use Calulator or Formula Approach) After carefully going over your budget, you have determined you can afford to pay $632 per month toward a new sports car. You call up your local bank and find out that the going rate is 1 percent per month for 48 months. How much can you borrow?
1. WHAT IS THE 'SUNSHINE LIST'? Describe. 2. NAME 3 EXAMPLES OF INDIVIDUALS INCLUDED WITHIN ONTARIO SUNSHINE LIST 2022? INCLUDE JOB DESCRIPTION + NAME 3. WHAT ARE 2 EXAMPLES OF VARIABLE EXPENSES? Hint-Expenses that can change from month to month? 4. IN ONTARIO AS OF APRIL 1, 2023, WHAT IS CURRENTLY STUDENT MINIMUM WAGE PAY $? 5. WHAT IS A BUDGET? 6. PROVIDE 2 EXAMPLES OF DETAILS TO INCLUDE WITHIN A MONTHLY BUDGET (HINT-BILLS $ LIFE AFTER HIGH SCHOOL) REVENUE/ INCOME EXPENSES 7. SAM IS A STUDENT. HE HAS A PART-TIME JOB AT TIM HORTON'S. HE WORKS 12 HOURS A WEEK. HOW MUCH IS HIS GROSS PAY/GROSS INCOME? _X_ 8. WHAT ARE 3 EXAMPLES OF DEDUCTIONS FROM HIS PAYSTUB? /3
D6)
Using Marvin's budget, fill in the missing items in the table. Round your dollar answers to the nearest penny. For dollar amounts input the dollar sign followed by the dollar amount. For example: $124.30 Round your percent answer to the nearest whole percent. For percent input the percent followed by the percent sign. For example: 7% In the image.
Vijay
Pls do fast...i will rate for sure
1. Identify the specific type of budget • Long-range Annual Achievement that would best address each of the following questions a full-service hotel manager would like to answer. (a) (b) (c) (d) (e) (h) (i) (j) Question How much will we spend for front desk agents next Tuesday night? What will be our labor costs in the third quarter of next year? What will be my rooms renovation costs in four years when all guest room furniture must be replaced? What is our best estimate of next year's rooms revenue? How much sales tax will we collect next week? What will be the amount of our guest room supplies purchases next year? How many guest rooms will we sell next year? How many guest rooms will we sell next week? What will be the cost of replacing the hotel's HVAC (heating/ventilation and air conditioning) system five years from now? What is our best estimate of next year's food and beverage revenue? Type of Budget

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