Ex 21-1 personal budget obj . 2, 5 at the beginning of the school year, priscilla wescott decided to prepare a cash budget for the months of september, october, november, and december. the budget must plan for enough a. december 31 cash balance, $3,150 show me how excel template exercises 1084 chapter 21 budgeting copyright 2018 cengage learning. all rights reserved. may not be copied, scanned, or duplicated, in whole or in part. wcn 02-200-203 cash on december 31 to pay the spring semester tuition, which is the same as the fall tuition. the following information relates to the budget: cash balance, september 1 (from a summer $6,000 purchase season football tickets in 150 additional entertainment for each month 250 pay fall semester tuition in september 3,500 pay rent at the beginning of each 450 pay for food each month 400 pay apartment deposit on september 2 (to be returned december 15) 450 part-time job earnings each month (net of taxes) 1,300

a. prepare a cash budget for september, october, november, and december.

b. are the four monthly budgets that are presented prepared as static budgets or flexible budgets? c. what are the budget implications for priscilla wescott?

Select the word from the list that best fits the definition sometimes

On january 1, 2017, fisher corporation purchased 40 percent (90,000 shares) of the common stock of bowden, inc. for $980,000 in cash and began to use the equity method for the investment. the price paid represented a $48,000 payment in excess of the book value of fisher's share of bowden's underlying net assets. fisher was willing to make this extra payment because of a recently developed patent held by bowden with a 15-year remaining life. all other assets were considered appropriately valued on bowden's books. bowden declares and pays a $90,000 cash dividend to its stockholders each year on september 15. bowden reported net income of $400,000 in 2017 and $348,000 in 2018. each income figure was earned evenly throughout its respective year. on july 1, 2018, fisher sold 10 percent (22,500 shares) of bowden's outstanding shares for $338,000 in cash. although it sold this interest, fisher maintained the ability to significantly influence bowden's decision-making process. prepare the journal entries for fisher for the years of 2017 and 2018. (if no entry is required for a transaction/event, select "no journal entry required" in the first account field. do not round intermediate calculations. round your final answers to the nearest whole dollar.)

Oakmont company has an opportunity to manufacture and sell a new product for a four-year period. the company’s discount rate is 18%. after careful study, oakmont estimated the following costs and revenues for the new product: cost of equipment needed $ 230,000 working capital needed $ 84,000 overhaul of the equipment in year two $ 9,000 salvage value of the equipment in four years $ 12,000 annual revenues and costs: sales revenues $ 400,000 variable expenses $ 195,000 fixed out-of-pocket operating costs $ 85,000 when the project concludes in four years the working capital will be released for investment elsewhere within the company. click here to view exhibit 12b-1 and exhibit 12b-2, to determine the appropriate discount factor(s) using tables.