Chapter 4.A, Problem 61E

To determine

A list of all your major expenditure in a year and calculate your yearly expenses. Also determine your prorated expenditure in a month.

Introduction: Expenditure is the cash outflow in order to purchase any type of item or services from another source or a company. For example the cost of buying fruits or vegetable in a daily basis, or the college fee per semester (a period of 6 months).

The type of expenditure varies, one is the cost (or amount) you spent on the daily basis (or a monthly basis) like electricity bill, food bill and so on. The expenditure which you have to spent on the regular period of time. Second is the amount you spent at a time, it might your college fees, vacation trips expenditures and festival celebration expenses. To understand such expenses, determining the prorated expenditure for a month is quite efficient.