Question 9Fill 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?BUDGET$ 1400ACTUAL$ 1445INCOMEb)Explain why the others would be considered VARIABLE Expenses.Savings$100$Oc) What is this person's Actual Budget Balance, including if positive or negative?Rent$200$395$150$225$370| Car Payment/InsuranceFood/Eating OutUtilitiesTransportationClothingEntertainmentPersonal ItemsHousehold ItemsTO TAL ExpensesExplain what this means...$190SON$Od) How could this budget be changed, to ensure money is actually put into savings?$40$50$544$80$60$15$70$60$36Identify at least two possible changes.$15Budget Balance(include calculation)

* As per Bartleby guideline, if questions are interlinked then answer first three only. A. Fixed…

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.

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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