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.
Income statement BDGT REAL
Income Wages $ 1.000 $ 850
Expenses Car - gas -$ 300 -$ 200
insurance Food & Personal Items -$ 75 -$ 75
Cell Phone -$ 75 -$ 85
College Savings -$ 300 -$ 220
Recreation -$ 75 -$ 75
Clothes -$ 80 -$ 60
EBIT $ 95 $ 135
