Examine the following budget: Monthly Budget Budgeted Amount Actual Amount Income Wages $1000 $850 Expenses Car - gas, insurance

Question

3 years ago

9

Examine the following budget: Monthly Budget Budgeted Amount Actual Amount Income Wages $1000 $850 Expenses Car - gas, insurance

Food & Personal Items Cell Phone College Savings Recreation Clothes $300 $200 $75 $200 $75 $85 $300 $220 $75 $200 $80 $60 Net Income $65 What is the actual net income for the month? What, if any, changes could have been made to the actual amounts this month to keep the actual net income at a positive value?

Business

1 answer:

Masja [62] · Answer 1 · 2022-01-14T13:11:35+03:00

Answer:

What is the actual net income for the month?

-$ 115

What, if any, changes could have been made to the actual amounts this month to keep the actual net income at a positive value?

To achieve a positive result of $135, it's necessary to reduce two items that are over the budget, insurance Food & Personal Items and Recreation , if it's possible to adecuate these values to the forecasted budget then it's possible to have positive results.

Explanation:

Result for the Month

Income statement BDGT REAL

Income Wages $ 1.000 $ 850

Expenses Car - gas -$ 300 -$ 200

insurance Food & Personal Items -$ 75 -$ 200

Cell Phone -$ 75 -$ 85

College Savings -$ 300 -$ 220

Recreation -$ 75 -$ 200

Clothes -$ 80 -$ 60

Net Income $ 95 -$ 115

Modified Result for the Month.