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coldgirl [10]
2 years ago
12

You are putting together your first post-graduation budget. Your take-home pay will be $2,500 per month. You estimate your month

ly costs to be rent of $800, car payment of $350, car insurance $150, car maintenance of $50, entertainment of $500, food expense of $250, mobile phone of $75, student loan payment of $225, and other expense of $300. How would you describe your budget after analyzing all of your income and expenses
Business
1 answer:
Mamont248 [21]2 years ago
8 0

Based on your pay and expenses, your budget can be described as having a deficit of <u>$175.</u>

<h3>Why is your budget a deficit?</h3>

Deficits occur when expenses are greater than income. The deficit here can be found as :

= Income - Rent - Car payment - Car insurance - Car maintenance - Entertainment - Food - Mobile phone - student loan payment - Other expense

Solving gives:

= 2,500 - 800 - 350 - 150 - 50 - 500 - 250 - 225 - 300

= -$175

In conclusion, the budget has a deficit of $175.

Find out more on deficits at brainly.com/question/26010226.

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А
kotegsom [21]

Answer:

2,000

Explanation:

On average, a person who have a full time job works will work approximately 2,000 hours each year reason been that we have 5 working days in a week and standard working hours in a weeks is 40 hours (5days×8hours daily) which means 8 hours daily , secondly we have 52 weeks in a year, now assuming that person takes 2 weeks off each year for his or her vacation we would have 50 weeks left (52 weeks-2 weeks vacation) which means that the person would be working 50 weeks of the year multiply by 40 hours a week which will give us a total of 2,000 hours each year.

40 work hours weekly× 50 weeks yearly

=2,000 hours of work each year

Therefore on average, a person with a full time job works approximately 2,000 hours each year.

7 0
3 years ago
A(n) blank______ model is a plan that details how a company creates, delivers, and generates revenues.
Lelechka [254]

A(n) blank Business model is a plan that details how a company creates, delivers, and generates revenues.

<h3>What exactly is a business model?</h3>

An organization's conceptual framework, which includes its mission, objectives, and continuing strategies for accomplishing them, is known as a business model.

A business model is essentially a specification outlining how a company achieves its goals.

<h3>A successful business model is what?</h3>

As an illustration, Clay Christensen of Harvard Company School proposes that a business model should include four components: a customer value proposition, a profit formula, essential resources, and key procedures.

Learn more about Business model :

brainly.com/question/24448358

#SPJ4

6 0
2 years ago
On March 1, a designer received a check for $7,500 from a customer for services to be provided after the customer chose a color
lora16 [44]

Answer:

unearned service revenue 7,500 DEBIT

       service revenue 7,500 CREDIT

Explanation:

the job is complete on July 31th

so <em>we write-off the unearned service reveue</em>

and <em>we recognize the service revenue </em>for the whole amount of the contract

The cash receipt occurs on March 1st so w edon't haveto post anythign related to cash on July 31th.

the unearned revenue account is used first because the business has the obligation of perform the job or return the cash. So it is a liablity until the job is completed

7 0
3 years ago
Which of the following defines motivation?
Serjik [45]

Answer:

the reason or reasons one has for acting or behaving in a particular way

Explanation:

8 0
3 years ago
Which are indicators that economists use to measure how an economy grows? Select all that apply.
Nat2105 [25]

Explanation:

economists measure its performance by studying the gross domestic product (GDP)

If GDP goes up, the economy is growing; if it goes down, the economy is contracting.

5 0
3 years ago
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