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sertanlavr [38]
3 years ago
5

For the month of June, Mae Green budgeted the following amounts: $180 for food, $475 for rent, $15 for transportation, $50 for i

nsurance, $65 for utilities, $25 for a gift for her sister, $150 for a car payment, and $30 for clothing. She actually spent $182 for food, $475 for rent, $12 for transportation, $65 for insurance, $68 for utilities, $12.50 for the gift, $150 for the car payment, and $36 for clothing. Did Mae stay within the total amount allocated for her budget?
Business
1 answer:
Vinil7 [7]3 years ago
3 0

Answer:

No, she did not

Explanation:

In this question, we are asked to answer if Mae stayed within her budget, given her budget and the total amount she later spent.

To solve this problem, what we need to do is to add up all what she budgeted. Afterwards we add up all she spent. Then , we see the difference between the two to actually know if she stayed within her budget of not.

We proceed as follows:;

Let’s calculate budgeted amount: This is ; 180 + 475 + 15 + 50 + 65 + 25 + 150 + 30 = $990

Now, let’s calculate how much she later spent; That would be; 182 + 475 + 12 + 65 + 68 + 12.5 + 36 + 150 = $1000.5

We can see that she spent more that the amount she had budgeted. This means she didn’t stay within the total amount allocated for her budget

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Answer:

D) a rise in price

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At the equilibrium point, the quantity demanded and the quantity supplied are the same. There is no excess shortage or supply in both demand and supply.

A shortage occurs when suppliers are not able to meet the market demand. Here, demand is the quantity that buyers are willing to buys at a specific price over time.  As per the law of demand, high product price causes demand to decrease while low price results in increased demand.

A shortage of a product means its demand is high. Many buyers are willing to buy the commodity at the current price.  As per the law of demand, a price increase will result in reduced demand and achieve equilibrium.

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Suppose that a company needs 1,500,000 items during a year and that preparation for each production run costs $900. Suppose also
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Answer:

30,000 units

Explanation:

we can use the economic order quantity formula:

EOQ = √(2SD/H)

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Assume that securitization combined with borrowing and irrational exuberance in Hyperville have driven up the value of existing
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Answer:

The financial securities would decline by $106.7

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When there's a reduction of $6 in the underlying asset price, this means the securities value will also get a reduction by a ratio of 6.

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Decline Value = Financial securities at a geometric rate - Value of Financial Securities

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