Reference no: EM133149590
Creating Your Personal Budget
You will apply what you have learned in this unit to a small business. To get the business's finances under control, you need to prepare a budget. You may consider items from your personal finances and cash flow to help you identify possible expense items for the small business budget. Research the CSU Online Library or the Internet for steps to creating a personal budget. Monthly expenses might include rent, utility costs, personal loans, car loans, credit cards, groceries, childcare, vehicle maintenance costs and insurance, phone charges, and cable or streaming costs. Cash flow considerations might include monthly salaries, commissions, and allowances. You can use any budget format that you are comfortable with, or you may select a free template. Your budget should be completed using Excel. Once you have completed your budget, in a separate Word document, address the information below.
How can the use of the budget be used in the planning process?
How can this financial information influence short-term and long-term decisions?
Based on your personal budget, what are your static expenses? What are your flexible expenses?
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Prepare the journal entry to record the purchase
: Rodriguez Company pays $352,755 for real estate with land, land improvements, and a building. Prepare the journal entry to record the purchase
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Static or flexible budgeting
: If you were the accountant at your current (or former) place of employment, would you prefer to use static or flexible budgeting?
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What is the minimum transfer price
: The Heating Division is operating at full capacity. What is the minimum transfer price that the Heating Division should accept
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Determine the value of a share of dupont series
: Determine the value of a share of DuPont Series A $5 cumulative preferred stock, no par, to an investor who requires a 8 percent rate of return on this security
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Creating your personal budget
: How can this financial information influence short-term and long-term decisions?
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How much would you pay for one of these bonds today
: If you require a pretax return of 11 percent on bonds of this risk, how much would you pay for one of these bonds today
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Waterways-compare the profitability index for each choice
: You will apply what you have learned from the unit lesson and required unit resources. Compare the profitability index for each choice.
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What the correct output vat
: The value of the condominium unit, as stated in the contract of sale was P2,200,000 while the parking space was worth P600,000. What the correct output vat
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What is the price of the stock
: P/E Ratio and Stock Price - Pfizer (PFE) has earnings per share of $2.34, and a P/E ratio of 17.72. Given this information, what is the price of the stock
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