Question

I need a paragraph using balance, deposit, withdraw, fixed expenses, variable expenses, profit, Interest, budget, financial institutions, and loan please help​

Answer 1

Steve started an entrepreneur company called "Like" a data company which provides business data to all the social media sites to base on products.He starts with $1000  and $200 deposited in bank as capital budget, He had expenses $150 is spent on rent, computer, furniture and air-condition as his fixed expenses and $90 on carpenter, fittings and computer services as variable expenses.A month passed by, his expenses were $360 and income was $500 about $140 of profit.He bought 3 more computers on loan for $300 at interest of 12% for 2 years, Budget $50 for investment, $40 on buying equities from financial institution and balance $10 on debt instruments and $15 was withdrawn form bank for personal use.

Explanation:

• Balance amount is the paid amount and left over amount.

• Deposit is the amount placed in a particular bank.

• Withdrawn amount taken from the bank.

• Fixed expenses which are on a common basis.

• Variable expenses which is an occurrence at any point in time.

• Profit amount earned after all the net expenses and taxes.

• Interest extra amount paid or received by borrowing or lending.

• Financial institutions buy companies stocks and shares.

• Loan monetary on credit for business,house etc.