Use the following scenario to fill out the Monthly Cash Flow Statement Worksheet. Use a separate paper for your answer. You pay a $150 car payment You pay for Your monthly renter's insurance of $20 You receive your monthly You pay rent of $450 per gross salary of $2,000 You insurance of $150 It's your mother's birthday You You pay your medical insurance of $75 a month month You pay for monthly Your monthly utilities are groceries of $200 taxes come out of your you go to a movie a friend $50 paycheck Federal Tax $150 State tax $50 Social security $200 pay your car Your monthly comes in and you must pay $75 due You owe $125 purchase a that cost $10 present You put $100 vacation at You hit a pothole and You go out to have dinner You find the perfect outfit have a flat.tire. You must with friends Your bill is pay $75 for a new one the beach for your date weekend You pay one $100 for the outfit $25 Income Gross Salary Total Income Expenditures Fixed Expnses Rent Renter's Insurance Automobile loan payment Automobile insurance Medical Insurance Revolving Savings fund Federal Income tax State income tax Social Security tax Total fixed expenses Variable Expenses Food Utilities Gasoline and maintenace Clothing and personal upkeep Gifts Miscellane ous Total Variable Expenses Total Expenses SURPLUS (DEFICIT}
Use the following scenario to fill out the Monthly Cash Flow Statement Worksheet. Use a separate paper for your answer. You pay a $150 car payment You pay for Your monthly renter's insurance of $20 You receive your monthly You pay rent of $450 per gross salary of $2,000 You insurance of $150 It's your mother's birthday You You pay your medical insurance of $75 a month month You pay for monthly Your monthly utilities are groceries of $200 taxes come out of your you go to a movie a friend $50 paycheck Federal Tax $150 State tax $50 Social security $200 pay your car Your monthly comes in and you must pay $75 due You owe $125 purchase a that cost $10 present You put $100 vacation at You hit a pothole and You go out to have dinner You find the perfect outfit have a flat.tire. You must with friends Your bill is pay $75 for a new one the beach for your date weekend You pay one $100 for the outfit $25 Income Gross Salary Total Income Expenditures Fixed Expnses Rent Renter's Insurance Automobile loan payment Automobile insurance Medical Insurance Revolving Savings fund Federal Income tax State income tax Social Security tax Total fixed expenses Variable Expenses Food Utilities Gasoline and maintenace Clothing and personal upkeep Gifts Miscellane ous Total Variable Expenses Total Expenses SURPLUS (DEFICIT}
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Transcribed Image Text:Use the following scenario to fill out the Monthly Cash Flow Statement Worksheet. Use a separate
paper for your answer.
You pay
payment
You pay for Your monthly
renter's insurance of $20
Your monthly comes in
and you must pay $75
a $150 car
You receive your monthly You pay rent of $450 per
You pay your medical
insurance of $75 a month
for monthly Your monthly utilities are
due. You owe $125
gross salary of $2,000
You
month
car You
groceries of $200
taxes come out of your you go to a movie a friend
$50 paycheck
Federal Tax $150
State tax $50
Social security $200
You go out to have dinner You find the perfect outfit
with friends. Your bill is
$25
pay
insurance of $150
It's your mother's birthday.
purchase
your
pay
You
that cost $10
present
You put $100 vacation at You hit a pothole and
the beach
have a flat.tire. You must
pay $75 for a new one
for your date weekend
You pay one $100 for the
outfit
Income
Gross Salary
Total Income
Expenditures
Fixed Expenses
Rent
Renter's Insurance
Automobile loan payment
Automobile insurance
Me dical Insurance
Revolving Savings fund
Federal Income tax
State income tax
Social Security tax
Total fixed expenses
Variable Expenses
Food
Utilities
Gasoline and maintenace
Clothing and personal upke ep
Gifts
Miscellaneous
Total Variable Expenses
Total Expenses
SURPLUS (DEFICIT}
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.Recommended textbooks for you
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education