Managerial Accounting: Tools for Business Decision Making
7th Edition
ISBN: 9781118334331
Author: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
Publisher: WILEY
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Textbook Question
Chapter 9, Problem 9.6BYP
All About You
In order to get your
Instructions
Using the information above, prepare a personal budget. In preparing this budget, use the formal found at http://financialplan.about.com/cs/budgeting/l/blbudget.htm. Just skip any unused line items.
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Students have asked these similar questions
If you need tor revise your budget,there are certain expenses you should look at first.Order the below categories of expenses into the correct order you would address them when revising a budget.
III.
DETAILS OF PERSONAL BUDGET PLAN: (List down your possible income and expected expenses).
ACTUAL AMOUNT (In
PARTICULARS
EXPECTED AMOUNT (In Php)
DIFFERENCE (In Php)
Php)
A. CASH INFLOWS:
list down example of
ALLOWANCE
0.00
expected income
OTHER SOURCE
0.00
0.00
0.00
0.00
0.00
TOTAL CASH INFLOWS
PHP 0.00
PHP 0.00
PHP 0.00
B. SPENDING:
FOODS
list down
0.00
example of
expected
EDUCATIONAL EXPENSES
0.00
PERSONAL EXPENSES
0.00
OTHER EXPENSES
0.00
expenses
0.00
|TOTAL EXPENSES
PHP 0.00
PHP 0.00
PHP 0.00
VARIANCES
PHP 0.00
PHP 0.00
PHP 0.00
RESULT:
FINDINGS:
RECOMMENDATION:
A company has completed the operating budget and the cash budget. It is now preparing the budgeted balance sheet. Please use the below image as your guide for the next 5 questions.
Identify the document that contains cash balance.*
A
B
C
D
E
Chapter 9 Solutions
Managerial Accounting: Tools for Business Decision Making
Ch. 9 - Prob. 1QCh. 9 - Prob. 2QCh. 9 - Prob. 3QCh. 9 - (a) Accounting plays a relatively unimportant role...Ch. 9 - What criteria are helpful in determining the...Ch. 9 - Lori Wilkins maintains that the only difference...Ch. 9 - Prob. 7QCh. 9 - What is budgetary slack? What incentive do...Ch. 9 - Prob. 9QCh. 9 - What budget is the starting point in preparing the...
Ch. 9 - The production budget shows both unit production...Ch. 9 - Alou Company has 20,000 beginning finished goods...Ch. 9 - In preparing the direct materials budget for Quan...Ch. 9 - The production budget of Justus Company calls for...Ch. 9 - Ortiz Companys manufacturing overhead budget shows...Ch. 9 - Everly Companys variable selling and...Ch. 9 - For Goody Company, the budgeted cost for one unit...Ch. 9 - Indicate the supporting schedules used in...Ch. 9 - Identify the three sections of a cash budget. What...Ch. 9 - Noterman Company has credit sales of 600,000 in...Ch. 9 - Prob. 21QCh. 9 - Prob. 22QCh. 9 - Maris Company uses the following budgets: balance...Ch. 9 - Paige Company estimates that unit sales will be...Ch. 9 - Sales budget data for Paige Company are given in...Ch. 9 - Perine Company has 2,000 pounds of raw materials...Ch. 9 - For Gundy Company, units to be produced are 5,000...Ch. 9 - For Roche Inc., variable manufacturing overhead...Ch. 9 - Elbert Company classifies its selling and...Ch. 9 - North Company has completed all of its operating...Ch. 9 - Kaspar Industries expects credit sales for...Ch. 9 - Moore Wholesalers is preparing its merchandise...Ch. 9 - Use this list of terms to complete the sentences...Ch. 9 - Pargo Company is preparing its master budget for...Ch. 9 - Pargo Company is preparing its budgeted income...Ch. 9 - Batista Company management wants to maintain a...Ch. 9 - Zeller Company estimates that 2017 sales will be...Ch. 9 - Trusler Company has always done some planning for...Ch. 9 - Edington Electronics Inc. produces and sells two...Ch. 9 - Thome and Crede, CPAs, are preparing their service...Ch. 9 - Turney Company produces and sells automobile...Ch. 9 - DeWitt Industries has adopted the following...Ch. 9 - On January 1, 2017, the Hardin Company budget...Ch. 9 - Rensing Ltd. estimates sales for the second...Ch. 9 - Fuqua Companys sales budget projects unit sales of...Ch. 9 - Rodriguez, Inc., is preparing its direct labor...Ch. 9 - Lowell Company makes and sells artistic frames for...Ch. 9 - Atlanta Company is preparing its manufacturing...Ch. 9 - Kirkland Company combines its operating expenses...Ch. 9 - Fultz Company has accumulated the following budget...Ch. 9 - Danner Company expects to have a cash balance of...Ch. 9 - Deitz Corporation is projecting a cash balance of...Ch. 9 - The controller of Trenshaw Company wants to...Ch. 9 - Nieto Companys budgeted sales and direct materials...Ch. 9 - Green Landscaping Inc. is preparing its budget for...Ch. 9 - Pletcher Denial Clinic is a medium-sized dental...Ch. 9 - In May 2017, the budget committee of Grand Stores...Ch. 9 - Emeric and Ellies Painting Service estimates that...Ch. 9 - PROBLEMS: SET A Cook Farm Supply Company...Ch. 9 - Deleon Inc. is preparing its annual budgets for...Ch. 9 - Hill Industries had sales in 2016 of 6,800,000 and...Ch. 9 - Colter Company prepares monthly cash budgets....Ch. 9 - The budget committee of Suppar Company collects...Ch. 9 - Prob. 9.6APCh. 9 - CURRENT DESIGNS Diane Buswell is preparing the...Ch. 9 - MANAGEMENT DECISION-MAKING Decision-Making Across...Ch. 9 - Elliot Hesse Inc. manufactures ergonomic devices...Ch. 9 - Real-World Focus Information regarding many...Ch. 9 - Prob. 9.4BYPCh. 9 - Broadening Your Ethics Case BYP9-5 You are an...Ch. 9 - All About You In order to get your personal...Ch. 9 - Prob. 9.7BYP
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- A company has completed the operating budget and the cash budget. It is now preparing the budgeted balance sheet. Please use the below image as your guide for the next 5 questions. )dentify the document that contains accounts receivable A B C D Earrow_forwardWhat processes can you use to update and maintain your monthly budget? Personal Fianancearrow_forwardReflection: Write your answer on a separate sheet of paper. Make your own monthly personal cash budget using the General Form of the Cash Budget below. You can itemize your sources of cash and your expenses. CASH BUDGET Week Week Week Week Total 1 2 3 4 Cash Receipts (itemized) XXX Less-Cash Disbursement XXX (itemized) Net Cash Flow XXX Add-Beginning Cash Ending Cash XXX XXX Required Ending Cash Balance XXX Required Total Financing Excess Cash Balance XXXarrow_forward
- Matthew is concerned about his ability to save money regularly and has prepared a budget. Which of the following budget classifications would be most appropriate for Matthew's budget? a. Savings as a variable expenditure b. Savings as a fixed expenditure c. Saving whatever may be left over d. Savings withheld from income and deposited directly to savingsarrow_forwardA company has completed the operating budget and the cash budget. It is now preparing the budgeted balance sheet. Please use the below image as your guide for the next 5 questions. Identify the document that contains accounts payable A B C D Earrow_forwardDetermine if the following items can be found on a Balance Sheet, cash flow statement, or a budget. *Planned spending pattern for the next month *the cost of your next night of drunken debauchery *Amounts to deposit into savings accountarrow_forward
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