Personal Budget Analysis

Thus we get 6+2*(2+1+2)+1=17 min of valuable time for two orders. For three orders we get 6+3*(2+1+2)+1=22 min of valuable time. A further assumption is that the costs of my and my roommate’s time are L per hour, then the average costs for the first dozen are: (12/60)*L= 0,2L, for the second dozen: ((17/60)*L)/2=0,142L, for the third dozen: ((22/60)*L)/3=0,122. We see that the costs for each the second and the third dozens are less than for the first. Thus, we can give discount on orders for more than one dozen. These can be for the first dozen up to (0,2-0.141)*L=0.058L for the second dozen, and (0,2-0,122)*L=0,078L for the third order.

$1,000 allocated equally between the two types of pizzas, and that the costs to make plain cheese pizza and

She can deduct $50 for the hotel, but she cannot deduct the cost of meals ($90 + $50 + $15 = $165).

Therefore, we would only be willing to pay at the most, (27-22) orders worth of rent, which = 5 * (2.00 + 0.70) = $13.50 per day.

Soda fountain bar 2 pizza ovens Salad and pizza/dessert bar Approximately 100 square foot commercial refrigerator 2 cash registers 6 video game vending machines Management office with desk and lower-priced laptop computer Staff lunchroom equipment such as microwave, sink, cupboards and refrigerator 20 four-seater tables with chairs Busing cart for transporting dirty dishes from the dining area to the dishwashing area 140 sets of dishes, including cutlery and drinking cups Commercial dishwasher Miscellaneous cooking and food handling equipment like trays, lifters, spoons, pots etcetera The cost of an average of 7 employees on the payroll. All

b. Design a program that calculates the total amount of a meal purchased at a restaurant. The program should ask the user to enter the charge for the food, and then calculate the amount of a 15% tip and 7% sales tax. Display each of these amounts and the total.

Natalie hires an assistant at an hourly wage of $8 to help with cookie making and some administrative duties.
Natalie teaches the class that was booked on November 25. The balance out- standing is received.

What formula or function does he put in columns B through F in Row 13 that will give him the total expenses for the week in each category?

During my visits to the coffee shop, I was very surprised that the amount of people that ordered donuts was not as large as I expected. I made that assumption that donuts would be a regularly ordered item because of the variety offered by the coffee house. However, the number of people who ordered donuts were more than those that ordered coffee. I noticed that the majority of people either ordered hot coffee or iced coffee (Figure 1). The other beverages such as, Macchiato, Cappuccino, Latte, Punch, Coolatta and Smoothie were not as popular. Additionally, I observed that many of the customers paid using cash, however the majority

h. Calculate the rooms sold, occupancy %, and sales dollars he will need to break even if he opens the gift shop.

A more efficient way to determine the total cost of drivers would be for Sam to use plow hours as a cost driver, and plug his average base wage rate and budgeted hours into this equation:

For example, when you go to a restaurant and order a soda, that is usually at least $2.

In conclusion, every major company in the world uses budgeting and there is a good reason for that. It is an important component of financial success. Budgeting makes easier to achieve financial goals. It keeps track of all expenses and help to avoid crisis. It also helps companies to control their growth and provide them with realistic idea where business is going.

A budget refers to a financial plan that represents the allocation of the income to various expenditure channels such as expenses, savings, and debt repayment. A personal budget is important because avoiding financial surprises and keeping financial stress down helps avoid a crisis and allows you to focus on your overall goals. You cannot avoid all risks in life but if you plan your finances to live within your means, you can avoid being kicked out of your home, losing your car and other terrible things that a solid budget would help you avoid. Knowing what you can afford is a central life skill. Unfortunately, many do not budget even though they know they should (Wagoner, 2012).

Personal budgeting is an important factor in regards to successful long term financial stability. Budgeting has many great aspects as well as showing areas of weakness. It can show the truth about your personal financial spending habits, areas that are not looked at enough, and if there are needs for a larger emergency fund. The reality of personal budgeting is that many people potentially do not keep a personal budget for one reason or another. People also don’t consider the negative effect that it could have on one personally and or how it effects the economy.