Accounting

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ACC201BudgetCase.xlsx

Case

Assignment is due through Blackboard Assignments portal ONLY, don't email your assignment Name:
Budgeting and Student Loan Case
Complete the template below for a Monthly Cash Budget for two (2) career choices based upon your major. Instructions for completing each row have been posted with the assignment. Then complete the two items on the next sheet tab. This case should be turned in by 11:55 pm on the date listed on the Course Calendar via Blackboard. No late cases will be accepted.
Row Column 1 Column 2
Major #1 Major #2
1 If my major is:
2(a) Expected annual gross salary:
2(b) Expected gross monthly salary (see Instructions below for Row 2
3 - minus monthly employer withholdings
4 Monthly net take home pay
Other expected monthly income:
5
6
7 Total expected monthly revenue
Monthly Expenses
8 College Loan (see Schedule B)
9 Credit card payments
10 Emergency Fund/ Savings
11 Food, clothing and other items
12 Out-of-pocket health care
13 Housing and utilities
14 Transportation
15 Other expenses:
16 Total expected monthly expenses
17 Monthly revenue over (under) expenses
COMPLETE THE QUESTIONS ON THE NEXT SHEET TAB!

Questions

Discuss at least 2 things that you learned from preparing this cash budget and evaluating potential student loan payments.
Use complete sentences, correct grammar, and spelling, etc. This portion of your case will be critiqued by our Writing GAs.
Lesson Learned #1:
Lesson Learned #2: