<em>The question has inconsistent or incomplete data, so I'm filling the holes with key data.</em>
Answer:
<em>Every people at dinner received one-tenth of the original turkey= 0.1</em>
Step-by-step explanation:
<u>Proportions</u>
If some fraction a/b of a whole total M is to be computed and later removed, we proceed as follows
* Compute the portion to be removed as a/b*M
* Subtract it from the total quantity: M-a/b*M=M(1-a/b)
I'm assuming 1/5 of the turkey was lost due to overcooking. It means that (1-1/5) of the turkey remained for dinner, that is, 4/5 of the turkey.
Each people at dinner received the same amount of the remaining, so we must divide 4/5 by 8, to get 4/40, or 1/10. It means that every people at dinner received one-tenth of the original turkey
their current cash flow is negative since their expenses are higher than their income:
monthly net income = $56,000 / 12 = $4,667
monthly expenses = $1,500 + $3,500 = $5,000
monthly cash flow = ($333)
they have 3 options:
Option 1 (which I personally dislike) is that Neil contributes $4,000 less per year to his retirement account in order to balance their net income and expenses. The problem is that once he retires, his income will be much lower.
Option 2 is that they lower their expenses a little bit, only enough to balance their cash flows.
Option 3 is that Nancy gets a part time job, maybe a couple of hours per day which will allow her to earn money that can be used to cover some expenses.
Personally I believe that option 2 is the best, but if they definitely cannot lower their monthly expenses, then option 3 would probably fit them.