Question

Agri-small business limited expenses on petrol for their fleet is r 4 850.00 at the end of september and they have a balance of r106 360.00 remaining in their account. the company has used 25% of its september income on salaries, 11% on electricity, rates and taxes, and 42% of the remaining on insurance and investments. the total income and expenditure in september are

Answer 1

The total income and expenditure of Agri-small business limited in September is R 299596 and expenditure is R 193236.

How to find the Expense?

We have to find the total income and expenditure in September.

The equation for insurance is mathematically given as :

Insurance = 42% of the balance

Insurance=0.42*0.64A

Insurance=0.2688A.

Total expenditure after all other expenditures = 0.64A-0.2688A

Total expenditures after all other expenditures = 0.3712A.

Total expenditures after all other expenditures is as 111210 (106360 +4850)

Equating both the equation and value:

111210 = 3712 A

A = 299596

Thus The total income is 299596.

Therefore the calculation of expense is given as:

Expense=0.25A+0.11A+0.2688A+4850

Expense=0.6288A+4850

=0.6288*299596+4850

=193236

The expense is 193236.

Hence, the total income and expenditure in September are "Income is R 299596 and expenditure is R 193236.

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Answer 2

The total income and expenditure of Agri-small business limited in September is R 299596 and expenditure is R 193236.

Given that the expenses on petrol be R4850.00 at the end of September, balance is R 106360.00, usage on income of salaries be 25%, on electricity,rates and taxes be 11%, 42% of the remaining on insurance and investments.

We are required to find the total income and expenditure in September.

Generally the equation for insurance is mathematically given as :

Insurance=42% of the balance

Insurance=0.42*0.64A

Insurance=0.2688A.

Generally the equation for the total after all the other expenditures is mathematically given as:

Total expenditure after all other expenditures=0.64A-0.2688A

Total expenditures after all other expenditures=0.3712A.

Total expenditures after all other expenditures is as 111210 (106360+4850)

Equating both the equation and value:

111210=3712A

A=299596

The total income is 299596.

Therefore the calculation of expense is given as:

Expense=0.25A+0.11A+0.2688A+4850

Expense=0.6288A+4850

=0.6288*299596+4850

=193236

The expense is 193236.

Hence the total income and expenditure in September are "Income is R 299596 and expenditure is R 193236.

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