Year Net Income Expenses 2013 $27,200 $19,800 2014. $23,700 $18,500 2015 $31,500 $23,900 2016 $33,600 $25,800 2017. $38,900 $29,200 2018 $41,400 $39,700 2019 $48,600 $37,300 a. What was Dana’s net income, in total for years 2013-19? b. In what year did Dana’s net income most exceed her expenses? c. Suggest a reasonable explanation for why Dana’s 2018 expenses were nearly as much as her income? (Use your business-minded logic, here. There are a number of possible explanations) d. What percent of Dana’s 2016 net income was needed for expenses? (to the nearest tenth of a %) e. What percent of her entire net income in these 7 years was Dana able to save? (nearest tenth of a %)

Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
icon
Related questions
Question

 

Year   Net Income Expenses
2013    $27,200       $19,800
2014.   $23,700       $18,500
2015    $31,500       $23,900
2016    $33,600       $25,800
2017.   $38,900       $29,200
2018    $41,400       $39,700
2019    $48,600       $37,300

a. What was Dana’s net income, in total for years 2013-19?
b. In what year did Dana’s net income most exceed her expenses?
c. Suggest a reasonable explanation for why Dana’s 2018 expenses were nearly as much as her income?
(Use your business-minded logic, here. There are a number of possible explanations)
d. What percent of Dana’s 2016 net income was needed for expenses? (to the nearest tenth of a %)
e. What percent of her entire net income in these 7 years was Dana able to save? (nearest tenth of a %) 

Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 5 steps

Blurred answer
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Advanced Engineering Mathematics
Advanced Engineering Mathematics
Advanced Math
ISBN:
9780470458365
Author:
Erwin Kreyszig
Publisher:
Wiley, John & Sons, Incorporated
Numerical Methods for Engineers
Numerical Methods for Engineers
Advanced Math
ISBN:
9780073397924
Author:
Steven C. Chapra Dr., Raymond P. Canale
Publisher:
McGraw-Hill Education
Introductory Mathematics for Engineering Applicat…
Introductory Mathematics for Engineering Applicat…
Advanced Math
ISBN:
9781118141809
Author:
Nathan Klingbeil
Publisher:
WILEY
Mathematics For Machine Technology
Mathematics For Machine Technology
Advanced Math
ISBN:
9781337798310
Author:
Peterson, John.
Publisher:
Cengage Learning,
Basic Technical Mathematics
Basic Technical Mathematics
Advanced Math
ISBN:
9780134437705
Author:
Washington
Publisher:
PEARSON
Topology
Topology
Advanced Math
ISBN:
9780134689517
Author:
Munkres, James R.
Publisher:
Pearson,