anahit politocal and elianora finance 08
Description
DO OUR ELECTED OFFICIALS REALLY REPRESENT US?
The Scenario:
Assume the role of a senator from a small state with a large naval base that is at the heart of the stateænbsp;economy. The president has created a defense spending reform package that is designed to construct a smarter and more up-to-date national security budgetn objective that definitely serves the national interest.
However, part of the reform package is the closing of military bases that no longer serve any vital purpose and redirecting that money into programs that will protect national security. Finally, one of the bases that must be closed is the huge naval base in their state. Their constituents are certain to take a short-term economic loss but the nation is better served with this closing.
In a two page-paper answer the following questions:
What should you do when you are called upon to cast a vote on the presidentænbsp;program?
How would you acts a trustee or a delegate?
How might your decision be influenced if the president is of the same political party versus the opposition?
Would your seniority matter in deciding how to vote? What kind of pressure might they get from their constituents?
Eleanora FINANCE 08
Project 1 (Save Your Receipts starting Week 1) ®bsp;Due Week 7
SAVE YOUR RECEIPTS: Only write down transactions for goods, services, bills, etc.
Do not write down ATM cash withdrawals (that is not an expense). As you spend the cash you withdrew, record each transaction in your worksheet. ( You will NOT be submitting receipts to me, just the numbers on the expense tracking excel sheet.)
Save and Read the full project Instructions for all 3 Projects, this semester.
In PROJECT 1 – Tracking Expenses, you will:
Identify expenses incurred over the course of a 4-week period
If you spend money, save a receipt and write it down (this is cash out-flow)
If you make money, keep a list (this is cash in-flow)
Download & complete the Excel File:
Project1-online-Track-Expenses-ONLY.xlsx
- Download Project1-online-Track-Expenses-ONLY.xlsx
Sign In - Using the Expense Tracking Worksheet (Project 1), write down all expenses you incur during a 4-week period. At the end of the 4-week period, total your expenses.
- SAVE YOUR RECEIPTS: Only write down transactions for goods, services, bills, etc.
Do not write down ATM cash withdrawals (that is not an expense). As you spend the cash you withdrew, record each transaction in your worksheet. - If you have difficulty remembering how much you have spent, use an envelope to keep track of receipts.
If you make a purchase that does not provide a receipt, use a scrap of paper to write it down and put it inside the envelope. Label your expenses.
—————————————————————————————————————————–
-SUBMIT as an EXCEL (.xls OR .xlsx) OR as a PDF (.pdf) OR .docx.
If you have an Apple/MAC computer:
CANVAS does not open Mac Apple Software: Numbers, Pages, and KeyNote.
It is frustrating I apologize.
Please open your .numbers file and then save it as an EXCEL or PDF file.
You have to export to excel as a .xls OR .xlsx OR a pdf as a .PDF.
ASSIGNMENT 3
Project 3 ®bsp;Personal Budget (using Project 1 – all receipts from first 4 weeks) – Due Week 7
Please submit your completed Project 3 – Personal Budget Excel spreadsheet.
In this assignment), you will create a Personal Budget excel spreadsheet, looking at your expense (receipts) and income, over the past four weeks:
Determine how you would like to categorize or group your expenses (categories provided)
Sort and compile your tracked expenses (receipts from Project 1) into groups
Download & complete ! href=”https://ilearn.laccd.edu/courses/215265/files/35974840/download?wrap=1″ rel=”nofollow noopener noreferrer” target=”_blank” title=”Project3-online-Budget-ONLY.xlsx”>Project3-online-Budget-ONLY.xlsx
Download Project3-online-Budget-ONLY.xlsx®bsp;Excel file
Once you have recorded your expenses for a 4-week period (Project 1 receipts) and totaled each category, you will develop a personal budget (Project 3).
The goal is to see where you spent your money and give you an idea of how you should spend your money.
Use your 4-week expense tracking worksheet to make decisions on where you would like to cut back (ex: eating out, coffee, candy) and where you would like to spend more (ex: toward goals, deposits to savings, school loans).
Project3 ®bsp;Your Final Project: Budget will have 3 columns for you to complete:
–Column1: Budgeted Amount
(what you want or expect to spend in a month)
–Column2: Actual Amount
(What you actually spent: See Project1)
- –Column3: Mark X
(only mark X if a positive (+) or negative (-) variance ®bsp;meaning: if column 1&2 don match) - –Action Planning: One of the final steps for Project 3 is to reflect on the five (5) following areas from Project 3 and briefly describe how your budgeted amounts may be different from your actual amounts and how you plan to meet your financial goals that you set (Project 2), moving forward.
Unformatted Attachment Preview
Name: Svetlana Dallakyan
Instructions:
Provide your average monthly income (inflows) and develop a budget with monthly expenses (outflows).
Record your actual inflows and outflows of cash for one month.
Calculate variances for each category (Variance= Budgeted Amount ctual Cash Flow Amount).
If you have budget categories with a variance (deficit or surplus), please mark them (with an “X”).
Then, think about how you plan to Increase or Decrease budgeted amount for future monthly budget.
Finally, should you have an overall surplus, you will need allocate it to meet your previously defined goals.
For month ending: November 2022
CASH INFLOWS ($ in)
Salary (take home)
Other income
Other income
Other income
Total Income
CASH OUTFLOWS ($ out)
Mortgage or Rent expense
Car loan
Personal loan
Student loan
other Loan Payments (not listed)
Insurance (life, health, auto, etc.)
Credit card payments (minimum)
Credit card payments (any additional)
Public transportation
Car Expenses for gas & maintenance
Food: Groceries
Food: Dining Out
Coffee (i.e. Starbucks)
Clothing
Utilities: home (electricity)
Utilities: home (gas)
Utilities: home (trash pick-up)
Utilities: home (water)
Cable Bill
Telephone (Home)
Telephone (Cell)
Child Care
Personal care
Budgeted
Monthly
Estimated
Income
$4,800.00
$2,000.00
Actual Cash
Flow Income
$4,800.00
$2,050.00
$6,800.00
Estimated
Amount
$1,450.00
$475.65
$6,850.00
Actual
Amount
$1,450.00
$475.65
$125.00
$125.00
$250.00
$40.00
$250.00
$40.00
$350.00
$850.00
$130.00
$30.00
$200.00
$130.00
$60.00
$321.46
$812.50
$110.00
$26.25
$180.00
$105.00
$56.25
$120.00
$115.00
$55.00
$55.00
$80.00
$67.00
Variance /
difference
$0.00
$50.00
$0.00
$0.00
$50.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$28.54
$37.50
$20.00
$3.75
$20.00
$25.00
$3.75
$0.00
$5.00
$0.00
$0.00
$0.00
$0.00
$13.00
Mark X, if
Over or
Under
X
X
X
X
X
X
X
X
X
X
School Expense (not loan)
Membership dues (fees)
Medical expenses
Recreation/entertainment
Vacations
Gifts
Hair and/or Nails
Video games, Movies, Books (not school)
Donations & charity contributions
Other:
Other:
Other:
Other:
Other:
Savings Personal (desired monthly saving)
Savings Retirement (IRA, 401K, etc.)
Savings for goal #1: Buy a Furniture $1,500
Savings for goal #2: Buy a Car $20,000
Savings for goal #3: Buy a House $400,000
Savings other
Total Expenses
NET CASH FLOW (SURPLUS/DEFICIT)
Deficit? Need to reconcile to have surplus
Surplus? Need to allocate surplus to meet goals
$150.00
$150.00
$200.00
$200.00
$250.00
$833.33
$1,000.00
$250.00
$833.33
$1,000.00
$6,778.98
Budgeted
$6,622.44
Actual
$227.56
Actual
amount
over/under
the monthly
amount
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$156.54
Difference
Surplus
Note:
Actual (income) – Budgeted = Variance
Variance equation used for CASH INFLOW =SUM(C14-B14)
Note:
Budgeted – Actual (spent) = Variance
Variance equation used for CASH OUTFLOW =SUM(B22-C22)
Expense Tracking Worksheet
Your Name: Svetlana Dallakyan
Directions: Use this worksheet to track ALL of your expenses for one (1) Month.
This information will be used to complete your Personal Monthly Budget.
For list of possible categories, please see Monthly Budget (If necessary):
DATE
($) AMOUNT
ITEM/CATEGORY
11/1/2022 $
250.00 Auto Insurance
11/1/2022 $
1,450.00 Rent/Housing
11/2/2022 $
65.99 Car Expenses for gas & maintenance
11/3/2022 $
55.00 Cell Phone/Utilities
11/4/2022 $
254.31 Groceries/Food
11/5/2022 $
5.25 Coffee/Starbucks
11/7/2022 $
67.00 Personal Care
11/8/2022 $
40.00 Credit card payments
11/8/2022 $
105.00 Utilities: home (electricity)
11/8/2022 $
115.00 Utilities: home (Water)
11/9/2022 $
475.65 Car Loan/Transportation
11/9/2022 $
5.25 Coffee/Starbucks
11/10/2022 $
70.37 Car Expenses for gas & maintenance
11/10/2022 $
180.00 Clothing
11/10/2022 $
152.59 Groceries/Food
11/11/2022 $
56.25 Utilities: home (gas)
11/12/2022 $
150.00 Hair/Nails
11/15/2022 $
5.25 Coffee/Starbucks
11/15/2022 $
110.00 Dining out/Food
11/17/2022 $
210.18 Groceries/Food
11/18/2022 $
64.25 Car Expenses for gas & maintenance
11/20/2022 $
60.00 Car Expence/Oil Change
11/22/2022 $
5.25 Coffee/Starbucks
11/23/2022 $
11/24/2022 $
195.42 Groceries/Food
5.25 Coffee/Starbucks
11/24/2022 $
125.00 Student Loan
11/27/2022 $
60.85 Car Expenses for gas & maintenance
Total
$
4,339.11
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