Answer:
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.
88.23%
Simply plug 15/17 into you calculator
and it will give you a decimal, in this case it should be .88235294...
simply move the decimal back to placements and you should have
88.235294... thats still a lot of numbers so just reduce it to 2 places after the decimal and add a percent sign
88.23%
and your done :) this works for any similar problems
I hope this helps
Answer: the won’t profit. they are in the hole $-50
explanation: if their budget is $300 and their total for the Dj and decorations is $350. they overspent money so they won’t profit. they will just be spending more than planned.
Answer:
Step-by-step explanation:
Answer:
x=7
step-by-step explanation:
5(2x+10) =3×40
10x + 50 = 120
10x =120-50= 70
x = 70/10= 7
