Preparing a Budget Sheet pp. 149-152 3-2 SECTION.
-
Upload
pierce-porter -
Category
Documents
-
view
244 -
download
1
Transcript of Preparing a Budget Sheet pp. 149-152 3-2 SECTION.
![Page 1: Preparing a Budget Sheet pp. 149-152 3-2 SECTION.](https://reader035.fdocuments.in/reader035/viewer/2022081503/5697bfc11a28abf838ca4477/html5/thumbnails/1.jpg)
Preparing a Budget Sheet pp. 149-1523-2SECTIONSECTION
![Page 2: Preparing a Budget Sheet pp. 149-152 3-2 SECTION.](https://reader035.fdocuments.in/reader035/viewer/2022081503/5697bfc11a28abf838ca4477/html5/thumbnails/2.jpg)
• Click to edit Master text styles
• Second level
• Third level
• Fourth level
• Fifth level
2
SECTION
Copyright © Glencoe/McGraw-Hill MBA, Section 3-2, Slide 2 of 16
3-2
Section ObjectiveSection ObjectiveUse:
• records of past expenditures to prepare a monthly budget sheet
![Page 3: Preparing a Budget Sheet pp. 149-152 3-2 SECTION.](https://reader035.fdocuments.in/reader035/viewer/2022081503/5697bfc11a28abf838ca4477/html5/thumbnails/3.jpg)
• Click to edit Master text styles
• Second level
• Third level
• Fourth level
• Fifth level
3
SECTION
Copyright © Glencoe/McGraw-Hill MBA, Section 3-2, Slide 3 of 16
3-2
living expenses (p. 149)
Routine expenses, such as food, utilities, and clothing, that vary from month to month.
fixed expenses (p. 149)
Regular expenses that do not vary from month to month, such as rent and car payment.
Key Words to KnowKey Words to Know
![Page 4: Preparing a Budget Sheet pp. 149-152 3-2 SECTION.](https://reader035.fdocuments.in/reader035/viewer/2022081503/5697bfc11a28abf838ca4477/html5/thumbnails/4.jpg)
• Click to edit Master text styles
• Second level
• Third level
• Fourth level
• Fifth level
4
SECTION
Copyright © Glencoe/McGraw-Hill MBA, Section 3-2, Slide 4 of 16
3-2
annual expenses (p. 149)
Expenses which occur once a year, such as insurance premiums and real estate taxes.
Key Words to KnowKey Words to Know
![Page 5: Preparing a Budget Sheet pp. 149-152 3-2 SECTION.](https://reader035.fdocuments.in/reader035/viewer/2022081503/5697bfc11a28abf838ca4477/html5/thumbnails/5.jpg)
• Click to edit Master text styles
• Second level
• Third level
• Fourth level
• Fifth level
5
SECTION
Copyright © Glencoe/McGraw-Hill MBA, Section 3-2, Slide 5 of 16
3-2
Total Monthly Monthly Monthly Share Monthly = Living + Fixed + of AnnualExpenses Expenses Expenses Expenses
FormulaFormula
![Page 6: Preparing a Budget Sheet pp. 149-152 3-2 SECTION.](https://reader035.fdocuments.in/reader035/viewer/2022081503/5697bfc11a28abf838ca4477/html5/thumbnails/6.jpg)
• Click to edit Master text styles
• Second level
• Third level
• Fourth level
• Fifth level
6
SECTION
Copyright © Glencoe/McGraw-Hill MBA, Section 3-2, Slide 6 of 16
3-2
Why do you think Classified’s expenses were highest last summer?
A Rock Star’s Lyrical Leverage p. 149A Rock Star’s Lyrical Leverage p. 149
![Page 7: Preparing a Budget Sheet pp. 149-152 3-2 SECTION.](https://reader035.fdocuments.in/reader035/viewer/2022081503/5697bfc11a28abf838ca4477/html5/thumbnails/7.jpg)
• Click to edit Master text styles
• Second level
• Third level
• Fourth level
• Fifth level
7
SECTION
Copyright © Glencoe/McGraw-Hill MBA, Section 3-2, Slide 7 of 16
3-2
The Millers use records of their past expenditures to complete the budget sheet shown on page 150 in your textbook.
What is the total of their monthly expenses?
Example 1Example 1
![Page 8: Preparing a Budget Sheet pp. 149-152 3-2 SECTION.](https://reader035.fdocuments.in/reader035/viewer/2022081503/5697bfc11a28abf838ca4477/html5/thumbnails/8.jpg)
• Click to edit Master text styles
• Second level
• Third level
• Fourth level
• Fifth level
8
SECTION
Copyright © Glencoe/McGraw-Hill MBA, Section 3-2, Slide 8 of 16
3-2
Step: Find the total monthly expenses.
Monthly Monthly Monthly Share Living + Fixed + of AnnualExpenses Expenses Expenses
$505.00 + $978.50 + $219.29
= $1,702.79
Example 1 AnswerExample 1 Answer
![Page 9: Preparing a Budget Sheet pp. 149-152 3-2 SECTION.](https://reader035.fdocuments.in/reader035/viewer/2022081503/5697bfc11a28abf838ca4477/html5/thumbnails/9.jpg)
• Click to edit Master text styles
• Second level
• Third level
• Fourth level
• Fifth level
9
SECTION
Copyright © Glencoe/McGraw-Hill MBA, Section 3-2, Slide 9 of 16
3-2
The Browns have monthly living expenses of $875.00, monthly fixed expenses of $1,025.80, and annual expenses of $4,974.00.
After calculating the Browns’ monthly share of annual expenses, find their total monthly expenses.
Example 2Example 2
![Page 10: Preparing a Budget Sheet pp. 149-152 3-2 SECTION.](https://reader035.fdocuments.in/reader035/viewer/2022081503/5697bfc11a28abf838ca4477/html5/thumbnails/10.jpg)
• Click to edit Master text styles
• Second level
• Third level
• Fourth level
• Fifth level
10
SECTION
Copyright © Glencoe/McGraw-Hill MBA, Section 3-2, Slide 10 of 16
3-2
Find the monthly share of annual expenses.
Annual Expenses 12
$4,974 = $414.50 12
Example 2 Answer: Example 2 Answer: Step 1Step 1
![Page 11: Preparing a Budget Sheet pp. 149-152 3-2 SECTION.](https://reader035.fdocuments.in/reader035/viewer/2022081503/5697bfc11a28abf838ca4477/html5/thumbnails/11.jpg)
• Click to edit Master text styles
• Second level
• Third level
• Fourth level
• Fifth level
11
SECTION
Copyright © Glencoe/McGraw-Hill MBA, Section 3-2, Slide 11 of 16
3-2
Add up the expenses.
Monthly Monthly Monthly Share Living + Fixed + of AnnualExpenses Expenses Expenses
$875.00 + $1,025.80 + $414.50 = $2,315.30
Example 2 Answer: Example 2 Answer: Step 2Step 2
![Page 12: Preparing a Budget Sheet pp. 149-152 3-2 SECTION.](https://reader035.fdocuments.in/reader035/viewer/2022081503/5697bfc11a28abf838ca4477/html5/thumbnails/12.jpg)
• Click to edit Master text styles
• Second level
• Third level
• Fourth level
• Fifth level
12
SECTION
Copyright © Glencoe/McGraw-Hill MBA, Section 3-2, Slide 12 of 16
3-2
Find the total monthly expenses.
Living: $846
Fixed: $1,560
Annual expenses: $4,644
Practice 1Practice 1
![Page 13: Preparing a Budget Sheet pp. 149-152 3-2 SECTION.](https://reader035.fdocuments.in/reader035/viewer/2022081503/5697bfc11a28abf838ca4477/html5/thumbnails/13.jpg)
• Click to edit Master text styles
• Second level
• Third level
• Fourth level
• Fifth level
13
SECTION
Copyright © Glencoe/McGraw-Hill MBA, Section 3-2, Slide 13 of 16
3-2
$2,793
Practice 1 AnswerPractice 1 Answer
![Page 14: Preparing a Budget Sheet pp. 149-152 3-2 SECTION.](https://reader035.fdocuments.in/reader035/viewer/2022081503/5697bfc11a28abf838ca4477/html5/thumbnails/14.jpg)
• Click to edit Master text styles
• Second level
• Third level
• Fourth level
• Fifth level
14
SECTION
Copyright © Glencoe/McGraw-Hill MBA, Section 3-2, Slide 14 of 16
3-2
Find the total monthly expenses.
Living: $638
Fixed: $972
Annual expenses: $4,980
Practice 2Practice 2
![Page 15: Preparing a Budget Sheet pp. 149-152 3-2 SECTION.](https://reader035.fdocuments.in/reader035/viewer/2022081503/5697bfc11a28abf838ca4477/html5/thumbnails/15.jpg)
• Click to edit Master text styles
• Second level
• Third level
• Fourth level
• Fifth level
15
SECTION
Copyright © Glencoe/McGraw-Hill MBA, Section 3-2, Slide 15 of 16
3-2
$2,025
Practice 2 AnswerPractice 2 Answer
![Page 16: Preparing a Budget Sheet pp. 149-152 3-2 SECTION.](https://reader035.fdocuments.in/reader035/viewer/2022081503/5697bfc11a28abf838ca4477/html5/thumbnails/16.jpg)
Preparing a Budget Sheet3-2END OF SECTIONEND OF SECTION