Financial accounting 16th Edition by Jan Williams,Susan Haka,Mark Bettner ,Joseph Carcello

تمرين 5

Cash Budgeting for You as a Student
Individuals generally do not prepare statements of cash flows concerning their personal activities.ut they do engage in cash budgeting-if not on paper, then at least in their heads.
Assume it is December 29-a Monday.hile you are in school, you share a small apartment with another student and work part-time, both near your school to minimize expenses.n two days your rent for January, $200, will be due.ou now have $140 in the bank; every Friday you receive a paycheck for $100.ou probably see the problem.nd it probably doesn't look too serious; you can find a way to deal with it.hat's what budgeting is all about.
Let's take this example a step further.n addition to the facts given above, your weekly cash payments include meals, $30; entertainment, $20; and gasoline, $10.
Instructions
a.sing the following cash budget, compute your cash balance a; the end of weeks 2, 3, and 4.

b.valuate your financial situation.