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pav-90 [236]
2 years ago
13

Andre eams $4000 a month at his new job. In order to track his spending and saving, he created a monthly budget. Andre divided h

is income into five categories and created the following circle graph to resent the budget he created for himself. Use this circle graph to answer the following questions Monthly Budget Other, 22% Rent 33% Savings 25% utilities 8% Groceries 12%, How much more money does Andre budget for savings than for groceries and utilities? How much more money does Andre budget for savings than for groceries and utilities? write your answer as a dollar amount.​
Business
1 answer:
Akimi4 [234]2 years ago
7 0

Answer:

Total income: $4,000

Other (22%) = $4,000 * 0.22 = $880

Rent (33%) = $4,000 * 0.33 = $1,320

Savings (25%) = $4,000 * 0.25 = $1,000

Utilities (8%) = $4,000 * 0.08 = $320

Groceries (12%) = $4,000 * 0.12 = $480

How much more money does Andre budget for savings than for groceries and utilities?

As seen above, Andre spends $800 in groceries and utilities ($320 + $480), and he sets aside $1,000 for saving, so he budgets $200 more for this purpose.

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Below are several amounts reported at the end of the year. Currency located at the company $ 1,050 Supplies 3,200 Short-term inv
blondinia [14]

Answer: $18,460

Explanation:

Amounts that will go towards the cash account at the end of the year include all actual cash, undeposited checks, bank balances and short term investments.

The Total amount of cash to report will therefore be;

= Currency located at the company + Short-term investments that mature within three months + Balance in savings account + Checks received from customers but not yet deposited + Coins located at the company + Balance in checking account

= 1,050+ 1,950 + 8,500 + 650 + 110 + 6,200

= $18,460

5 0
3 years ago
in preparing a statement of cash flows under the indirect method, an increase in accounts payable would be reported or included
Nana76 [90]

Answer:

In preparing a statement of cash flows under the indirect method, an increase in accounts payable would be reported or included as a(n):

source of cash.

Explanation:

Accounts payable are liabilities owed to suppliers for goods or services. They are listed on the balance sheet under current liabilities and on the cash flow statement under operating activities. When preparing the statement of cash flows, an increase in accounts payable is regarded as a source of cash while a decrease is regarded as a use of cash.

7 0
3 years ago
The biggest factor in determining the price of a mortgage is:
kramer
Money because the more money you invest the mor you have to spend
5 0
3 years ago
The process that falls between buying for a new need and making a routine repurchase is called
Archy [21]

Answer:

Modified Rebuy

Explanation:

Modified rebuying is the process whereby an individual or an organization makes a purchase that have been previously purchased but this times makes changes to some elements different from the previous purchase like change of suppliers, terms, price and so on. In this case, the buyer reviews the buying situation. Here, the buyer is interested in modifying the specifications of goods previously purchased.

7 0
3 years ago
7. Gold Company has budgeted the following costs for the production of its only product: Direct Materials $75,000 Direct Labor 5
STatiana [176]

Answer:

$68 = unitary variable cost

Explanation:

Giving the following formula:

Gold Company wants a profit of $100,000

Production= 2,500 units

Selling price= $125

Fixed indirect production costs 27,500

Fixed selling and administrative costs 15,000

<u>To calculate the target total unitary variable cost, we need to use the following formula:</u>

number of units sold= (desired profit + fixed costs) / (selling price - unitary variable cost)

2,500= (100,000 + 27,500 + 15,000) / (125 - unitary variable cost)

312,500 - 2,500unitary variable cost = 142,500

170,000 = 2,500unitary variable cost

$68=unitary variable cost

3 0
3 years ago
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