5. Avery has a chequing and savings account. The table below shows his transactions for the month of August. Check Register Check Type of Transaction Amount of Checking Balance Date Amount of Withdrawal Deposit Aug. 1" Paycheck $1,389.00 $3,055.43 3035 Aug. 4 Rent Payment $855.00 3036 Aug. 10 Utilities $65.62 3037 Aug. 12 Car Payment $225.80 Aug. 14 Groceries $131.84 Aug. 15 Paycheck $1,389.00 Aug. 21 Transfer to Savings $300.00 Aug. 31 $44.45 Dinner Out a) What are Avery's fixed expenses? b) What are Avery's variable expenses? c) How much money does Avery have in his account at the end of the month. His balance at the beginning of the month is $ 3055.43. Show your calculations below or in the chart. 6. Which statement about
5. Avery has a chequing and savings account. The table below shows his transactions for the month of August. Check Register Check Type of Transaction Amount of Checking Balance Date Amount of Withdrawal Deposit Aug. 1" Paycheck $1,389.00 $3,055.43 3035 Aug. 4 Rent Payment $855.00 3036 Aug. 10 Utilities $65.62 3037 Aug. 12 Car Payment $225.80 Aug. 14 Groceries $131.84 Aug. 15 Paycheck $1,389.00 Aug. 21 Transfer to Savings $300.00 Aug. 31 $44.45 Dinner Out a) What are Avery's fixed expenses? b) What are Avery's variable expenses? c) How much money does Avery have in his account at the end of the month. His balance at the beginning of the month is $ 3055.43. Show your calculations below or in the chart. 6. Which statement about
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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![5. Avery has a chequing and savings account. The table below shows his transactions
for the month of August.
Check Register
Type of
Transaction
Checking
Balance
Check a
Amount of
Deposit
Date
Amount f
Withdrawal
Aug. 1
Paycheck
$1,389.00
$3,055.43
3035
Aug. 4
Rent Payment
S855.00
3036
Aug. 10
Utilities
$65.62
3037
Aug. 12
Car Payment
$225.80
Aug. 14
Groceries
$131.84
Aug. 15
Paycheck
$1,389.00
Aug. 21"
Transfer to
Savings
$300.00
Aug. 31
Dinner Out
$44.45
a) What are Avery's fixed expenses?
b) What are Avery's variable expenses?
c) How much money does Avery have in his account at the end of the month. His
balance at the beginning of the month is $ 3055.43.
Show your calculations below or in the chart.
6. Which statement about credit cards is true?
a) A credit card company charges high interest rates on balances not paid off
each month.
b) A credit card company allows you to use money from your savings account.
c) A credit card company allows you to pay back money when you can.
d) A credit card takes money directly out of your checking account.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fa3ca4726-193f-4d46-bd82-be5d4f079c6b%2F795cf460-dba8-4200-bd91-23c08c353395%2F89ehj2n_processed.jpeg&w=3840&q=75)
Transcribed Image Text:5. Avery has a chequing and savings account. The table below shows his transactions
for the month of August.
Check Register
Type of
Transaction
Checking
Balance
Check a
Amount of
Deposit
Date
Amount f
Withdrawal
Aug. 1
Paycheck
$1,389.00
$3,055.43
3035
Aug. 4
Rent Payment
S855.00
3036
Aug. 10
Utilities
$65.62
3037
Aug. 12
Car Payment
$225.80
Aug. 14
Groceries
$131.84
Aug. 15
Paycheck
$1,389.00
Aug. 21"
Transfer to
Savings
$300.00
Aug. 31
Dinner Out
$44.45
a) What are Avery's fixed expenses?
b) What are Avery's variable expenses?
c) How much money does Avery have in his account at the end of the month. His
balance at the beginning of the month is $ 3055.43.
Show your calculations below or in the chart.
6. Which statement about credit cards is true?
a) A credit card company charges high interest rates on balances not paid off
each month.
b) A credit card company allows you to use money from your savings account.
c) A credit card company allows you to pay back money when you can.
d) A credit card takes money directly out of your checking account.
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