Creating Your Personal Budget

For this assignment, you will apply what you have learned in this unit to a small business. To get the business’s finances under control, you need to prepare a budget. You may consider items from your personal finances and cash flow to help you identify possible expense items for the small business budget. Research the CSU Online Library or the Internet for steps to creating a personal budget.

Monthly expenses might include rent, utility costs, personal loans, car loans, credit cards, groceries, childcare, vehicle maintenance costs and insurance, phone charges, and cable or streaming costs. Cash flow considerations might include monthly salaries, commissions, and allowances.

You can use any budget format that you are comfortable with, or you may select a free template. Your budget should be completed using Excel. Once you have completed your budget, in a separate Word document, address the information below.

• How can the use of the budget be used in the planning process?
• How can this financial information influence short-term and long-term decisions?
• Based on your personal budget, what are your static expenses? What are your flexible expenses?
• As an accountant, reflect on how you can use what you have learned in this activity in the workplace.

Your submission should include one Excel document, which contains your budget, and a one-page Word document, which contains your responses to the prompts above. You should include at least two resources to support your responses. Adhere to APA Style when creating citations and references for this assignment.

1. A 124-g rock traveling at a speed of 33 m/s hit a stick and moves back along its incoming path with a speed of 40 m/s. What is the impulse delivered to the tock by the stick? If the duration of the stick-rock collision is 0.0008s, what is the average force exerted by the stick on the rock?

2. A fireworks rocket is shot straight up in the air. Its mass 3.80 kg, explodes just as it reaches its peak height and separates into two fragments before eventually exploding again into spiraling colors. The first fragment, of mass 1.1 kg, heads straight down with an initial speed of 15 m/s. What is the velocity of the second fragment immediately after the explosion?

1. Which substance is a liquid at 25°C? 

2. Which substance is a gas at 25°C?

3. Which three substances contain simple molecules?

We discussed various factors which influence consumer behaviour. These include – Individual Factors, Psychographics, Cultural factors, etc. Imagine that a consumer must choose a resort to stay when planning the next vacation. Explain the type of buying decision situation faced by the consumer and discuss the factors which would influence choice and briefly mention why?