Question

"Situation where you have a personal budget for the year 2021 with Revenues of $20,000 and Expenses of $18,000. On July 1, 2021 two friends come to live with you and pay you $1,000/month in rent. They add $800 a month in expenses. What are your flexible budget expenses for 2021"

Answer 1

Answer:

$22,800

Explanation:

Flexible budget expenses = $18,000 + ($800 * 6 months)

Flexible budget expenses = $18,000 + $4,800

Flexible budget expenses = $22,800

So, the flexible budget expenses for 2021 is $22,800