Question 9 Fill in the blank cells in the budget below where necessary and answer the questions that follow. a) From the budget above, which 2 would be considered the FIXED Expenses? ACTUAL $ 1445 BUDGET INCOME $ 1400 b)Explain why the others would be considered VARIABLE Expenses. Savings $100 $200 $395 $150 c) What is this person's Actual Budget Balance, including if positive or negative? $225 $370 $190 Rent Car Payment/Insurance Food/Eating Out Explain what this means.
Question 9 Fill in the blank cells in the budget below where necessary and answer the questions that follow. a) From the budget above, which 2 would be considered the FIXED Expenses? ACTUAL $ 1445 BUDGET INCOME $ 1400 b)Explain why the others would be considered VARIABLE Expenses. Savings $100 $200 $395 $150 c) What is this person's Actual Budget Balance, including if positive or negative? $225 $370 $190 Rent Car Payment/Insurance Food/Eating Out Explain what this means.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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