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Business
Finance
Expense Tuition $3700/year Rent and utilities $650/month Food $70/week Cell phone $40/month Clothing $90 biweekly Miscellaneous $140 biweekly Amount Monthly Fixed or Variable Income Part-Time Job $525 biweekly Scholarship $4100/year Amount Monthly

Expense Tuition $3700/year Rent and utilities $650/month Food $70/week Cell phone $40/month Clothing $90 biweekly Miscellaneous $140 biweekly Amount Monthly Fixed or Variable Income Part-Time Job $525 biweekly Scholarship $4100/year Amount Monthly

Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Carl is a student at a college. He has a part-time job with take-home pay of $525 every two weeks. He has received a scholarship of $4100 this year. a) Use the data provided to design a monthly budget for Carl. Show your calculations for his income and expenses. Identify each expense as fixed or variable.

b) Is Carl earning enough to cover his expenses? If not, suggest how he could balance the budget

Expense Tuition $3700/year Rent and utilities $650/month Food $70/week Cell phone $40/month Clothing $90 biweekly Miscellaneous $140 biweekly Amount Monthly Fixed or Variable Income Part-Time Job $525 biweekly Scholarship $4100/year Amount Monthly
Transcribed Image Text:Expense Tuition $3700/year Rent and utilities $650/month Food $70/week Cell phone $40/month Clothing $90 biweekly Miscellaneous $140 biweekly Amount Monthly Fixed or Variable Income Part-Time Job $525 biweekly Scholarship $4100/year Amount Monthly
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