12. John moved out of his parents' home and into a one-bedroom apartment four months ago. He recorded his expenses over this period. Jan. 01- first and last months' rent - $1500 Jan. 07-activate cable - $75 Jan. 14- top up cellular telephone time - $25 Feb. 01-rent-$750 Feb. 15- natural gas bill-$109 Feb. 24- electricity bill-$56 Mar. 01-rent- $750 Mar. 10-cable bill- $62.58 Mar. 17-natural gas bill- $98 Mar. 30-top up cellular telephone time $40 Apr. 01 - rent - $750 Apr. 19- natural gas bill-$75 Apr. 25 - electricity bill-$55 a) Calculate John's expenses by type for the four months. b) Which expense is most likely to decrease over the next few months? a. a) rent - $3750 cable - $137.58 telephone - $65 natural gas - $282 electricity- $111 b) natural gas b. a) rent - $3000 cable - $137.58 telephone - $65 natural gas - $282 electricity-$111 b) electricity C. a) rent - $3750 cable - $137.58 telephone - $65 natural gas - $282 electricity - $101 b) cable d. a) rent - $3000 cable - $62.58 telephone - $65 natural gas - $282 electricity - $111 b) natural gas

12. John moved out of his parents' home and into a one-bedroom apartment four months ago. He recorded his expenses over this period. Jan. 01- first and last months' rent - $1500 Jan. 07-activate cable - $75 Jan. 14- top up cellular telephone time - $25 Feb. 01-rent-$750 Feb. 15- natural gas bill-$109 Feb. 24- electricity bill-$56 Mar. 01-rent- $750 Mar. 10-cable bill- $62.58 Mar. 17-natural gas bill- $98 Mar. 30-top up cellular telephone time $40 Apr. 01 - rent - $750 Apr. 19- natural gas bill-$75 Apr. 25 - electricity bill-$55 a) Calculate John's expenses by type for the four months. b) Which expense is most likely to decrease over the next few months? a. a) rent - $3750 cable - $137.58 telephone - $65 natural gas - $282 electricity- $111 b) natural gas b. a) rent - $3000 cable - $137.58 telephone - $65 natural gas - $282 electricity-$111 b) electricity C. a) rent - $3750 cable - $137.58 telephone - $65 natural gas - $282 electricity - $101 b) cable d. a) rent - $3000 cable - $62.58 telephone - $65 natural gas - $282 electricity - $111 b) natural gas

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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