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Pls help and show all work and explain everything thoroughly pls. Pls do all questions. Pls pls. Pls look at both images as the second image has the questions. Pls pls pls pls do this question.

Pls help and show all work and explain everything thoroughly pls. Pls do all questions. Pls pls. Pls look at both images as the second image has the questions. Pls pls pls pls do this question.

FINANCIAL ACCOUNTING
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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Pls help and show all work and explain everything thoroughly pls. Pls do all questions. Pls pls. Pls look at both images as the second image has the questions. Pls pls pls pls do this question. 

b) What percent of Anika's costs are fixed? Why is this important? c) Identify three (3) additional expenses that you think Anika has forgotten to include? Explain why it is important. Estimate the monthly amount for any missing expenses. d) Can Sophie and Daniel save $10 000 in one year (not including the 3 additional expenses)? Explain.
Transcribed Image Text:b) What percent of Anika's costs are fixed? Why is this important? c) Identify three (3) additional expenses that you think Anika has forgotten to include? Explain why it is important. Estimate the monthly amount for any missing expenses. d) Can Sophie and Daniel save $10 000 in one year (not including the 3 additional expenses)? Explain.
1. Sophie and Daniel have a net income of $70 000 a year. This table shows their expenses. Expense Student loan payments Amount $225/every 2 weeks $1215/month Rent Electricity Gas $100/month $125 every 2 months $180 every 3 months $150/week $69/month Water & Sewage Food Family cell phone plan Clothing Car lease (including maintenance) $80/every 2 weeks $275/month Car Maintenance $30/month Gasoline $65 every 2 weeks on average $175/month Car Insurance Miscellaneous $50/every 2 weeks a) Use the data provided to design a MONTHLY budget for Sophie and Daniel. Show your calculations and indicate whether each expense or income is FIXED or VARIABLE. Monthly Amount ($) Fixed ($) Income Total (S) Net income Total Income Fixed ($) Variable ($) Еxpenses Student loan payments Rent Electricity Gas Water & Sewage Food Family cell phone plan |Clothing Car lease (including maintenance) Car Maintenance Gasoline Car Insurance Miscellaneous Total Expenses Total Income - Total Expenses
Transcribed Image Text:1. Sophie and Daniel have a net income of $70 000 a year. This table shows their expenses. Expense Student loan payments Amount $225/every 2 weeks $1215/month Rent Electricity Gas $100/month $125 every 2 months $180 every 3 months $150/week $69/month Water & Sewage Food Family cell phone plan Clothing Car lease (including maintenance) $80/every 2 weeks $275/month Car Maintenance $30/month Gasoline $65 every 2 weeks on average $175/month Car Insurance Miscellaneous $50/every 2 weeks a) Use the data provided to design a MONTHLY budget for Sophie and Daniel. Show your calculations and indicate whether each expense or income is FIXED or VARIABLE. Monthly Amount ($) Fixed ($) Income Total (S) Net income Total Income Fixed ($) Variable ($) Еxpenses Student loan payments Rent Electricity Gas Water & Sewage Food Family cell phone plan |Clothing Car lease (including maintenance) Car Maintenance Gasoline Car Insurance Miscellaneous Total Expenses Total Income - Total Expenses
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