Question 9 Fill in the blank cells in the budget below where necessary and answer the questions that follow. a) From the budget above, which 2 would be considered the FIXED Expenses? ACTUAL $ 1445 BUDGET INCOME $ 1400 b)Explain why the others would be considered VARIABLE Expenses. Savings $100 $200 $395 $150 c) What is this person's Actual Budget Balance, including if positive or negative? $225 $370 $190 Rent Car Payment/Insurance Food/Eating Out Explain what this means.

For Req #4, Can you please highlight what items I should enter into the budgeted income statement for May? Your spreadsheet has far more lines than what the question does and I am confused. Item2 3.33points ItemSkipped Print Item 2 Problem 8-19 (Algo) Cash Budget; Income Statement; Balance Sheet [LO8-2, LO8-4, LO8-8, LO8-9, LO8-10] Minden Company is a wholesale distributor of premium European chocolates. The company’s balance sheet as of April 30 is given below:   Minden CompanyBalance SheetApril 30 Assets   Cash $ 9,200 Accounts receivable 76,250 Inventory 49,750 Buildings and equipment, net of depreciation 228,000 Total assets $ 363,200 Liabilities and Stockholders’ Equity   Accounts payable $ 63,750 Note payable 23,900 Common stock 180,000 Retained earnings 95,550 Total liabilities and stockholders’ equity $ 363,200   The company is in the process of preparing a budget for May and has assembled the following data:   Sales are budgeted at…

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Please do not give solution in image format thanku

Question 5 Evaluate 2 types of budgeting used in a medium sized private company with identification of merits and disadvantages of each method. a) b) What is an annual budget? Do all companies need to provide annual budgets? Please justify your answer.

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Gretchen's Short-Term Budget Worksheet Spending Purpose Income Date Source Amount Date Amount $423.52 | 6/03/20 50.00 | 6/12/20 423.52 6/15/20 25.00 6/23/20 8.92 | 6/25/20 6/07/-- wages new sweater $ 33.86 6/09/-- birthday gift car insurance 48.29 6/21/-- rent 350.00 wages babysitting job savings interest 6/23/-- credit card bill 296.04 telephone bill groceries doctor's visit 6/30/-- 53.41 6/26/20 69.30 6/29/20 50.00 Totals $930.96 $900.90 3. Which types of spending might not be the same from month to month?

Part D Ken has created a budget, but he wonders if the budget fits his needs. Why would it be useful for Ken to keep records of his expenses and examine them at the end of the year? BIUX² X₂ 15px Space used (includes formatting): 0/15000 O A 2 6 13 8 19 Apr 3 11:36 O

Here is a portion of Joshua Sanders' budget record for a recent month. Fill in the blanks in columns 5 and 6. Use minus sign to enter negative numbers. If an amount is zero, enter "0". Rent Utilities Food Auto Item (1) Recreation and entertainment Amount Amount Beginning Budgeted Spent (2) (3) Balance (4) $550 140 500 60 115 $570 172 495 46 115 $0 0 0 15 -5 Monthly Surplus (Deficit) (5) $ -20 -32 Cumulative Surplus (Deficit) (6) -20 -52

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