5. personal budget | Accounting homework help

5. Personal Budget

At the inauguration of the 2016 ground year, Britney Logan determined to make-ready a specie budget control the months of September, October, November, and December. The budget must scheme control ample specie on December 31 to constant the proceed semester training, which is the corresponding as the gravitate training. The subjoined referableification relates to the budget:

Specie weigh, September 1 (from a summer drudgery)

\$6,780

Purchase spanliness footbtotal tickets in September

90

240

Constant gravitate semester training in September

3,700

Constant solution at the inauguration of each month

330

Constant control aid each month

180

Constant lodging protection on September 2 (to be returned December   15)

500

Part-span drudgery hues each month (catch of taxes)

840

a.  Make-ready a specie budget control September, October, November, and December. Enter total amounts as decisive values bar an overtotal specie lower which should be indicated with a minus premonition.

Britney   Logan

Specie   Budget

Control   the Impure Months Objecting December 31, 2016

September

October

November

December

Estimated specie returns from:

Part-span drudgery

\$

\$

\$

\$

Deposit

Total specie returns

\$

\$

\$

\$

Estimated specie constantments control:

Timeliness footbtotal tickets

\$

\$

\$

\$

Tuition

Rent

Food

Deposit

Total specie constantments

\$

\$

\$

\$

Specie acception (decrease)

\$

\$

\$

\$

Specie weigh at inauguration of month

Specie weigh at object of month

\$

\$

\$

\$

b.  Are the impure monthly budgets that are bestowed make-readyd as static budgets or yielding budgets?
c.  Brittany can discern that her bestow scheme   sufficient specie. If Logan did referable budget except went afront with the cemer scheme, she would be \$   at the object of December, with no span left to ordain.

6. Yielding Budget control Selling and Negotiative Expenses

Agent Blaze uses yielding budgets that are naturalized on the subjoined data:

Sales commissions

7% of sales

19% of sales

Miscellaneous selling expense

\$2,250 plus 4% of sales

Office salaries expense

\$15,000 per month

Office anticipation expense

5% of sales

Miscellaneous negotiative expense

\$1,600 per month plus 3% of sales

Make-ready a yielding selling and negotiative expenses budget control January 2016, control sales volumes of \$100,000, \$125,000, and \$150,000. (Use Exhibit 5 as a example.) Enter total amounts as decisive quantity.

Agent Blaze

Yielding Selling and Negotiative Expenses Budget

Control the Month Objecting January 31, 2016

Total sales

\$100,000

\$125,000

\$150,000

Shifting cost:

Sales commissions

\$

\$

\$

Miscellaneous   selling expense

Office anticipation   expense

Miscellaneous   negotiative expense

Total shifting cost

\$

\$

\$

Unwandering cost:

Miscellaneous   selling expense

\$

\$

\$

Office salaries   expense

Miscellaneous   negotiative expense

Total unwandering cost

\$

\$

\$

Total selling and   negotiative expenses

\$

\$

\$

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