Business, 18.09.2019 20:00 ineedhelp2322

Examine the following budget: monthly budget budgeted amount actual amount income wages $1000 $850 expenses car - gas, insurance food & personal items cell phone college savings recreation clothes $300 $200 $75 $200 $75 $85 $300 $220 $75 $200 $80 $60 net income $65 what is the actual net income for the month? what, if any, changes could have been made to the actual amounts this month to keep the actual net income at a positive value?

Answers: 3

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Answer from: kenny8556

What is the actual net income for the month?

-$ 115

What, if any, changes could have been made to the actual amounts this month to keep the actual net income at a positive value?

To achieve a positive result of $135, it's necessary to reduce two items that are over the budget, insurance Food & Personal Items and Recreation , if it's possible to adecuate these values to the forecasted budget then it's possible to have positive results.

Explanation:

Result for the Month

Income statementBDGTREAL

Income Wages$ 1.000$ 850

Expenses Car - gas-$ 300-$ 200

insurance Food & Personal Items-$ 75-$ 200

Cell Phone-$ 75-$ 85

College Savings-$ 300-$ 220

Recreation-$ 75-$ 200

Clothes-$ 80-$ 60

Net Income$ 95-$ 115

Modified Result for the Month.

Income statementBDGTREAL

Income Wages$ 1.000$ 850

Expenses Car - gas-$ 300-$ 200

insurance Food & Personal Items-$ 75-$ 75

Cell Phone-$ 75-$ 85

College Savings-$ 300-$ 220

Recreation-$ 75-$ 75

Clothes-$ 80-$ 60

EBIT$ 95$ 135

Answer from: Tori122367

Option A: The actual net income for the month is -$85. Less money could have been spent on food, recreation and clothes.

Explanation:

Just Took on Edge 2020

Answer from: Quest

being born in poverty would limit the people's chances, opportunities and benefits.

this happen because of several things, such as:

- poor people tend to gain less access to good education and nutrition. this mean that their chance to obtain high paying jobs would also be limited.

- poor people tend to socialize with other poor people while the rich tend to socialize with other rich people. this means that simply throguh their social circle, rich people would have more business opportunities compared to the poor people.

- rich people tend to have more capital in their disposal. this would benefit them in business since it is far easier for them to fund their business operation compared to poor people.

Answer from: Quest

Areceive reimbursement for your college visit costs b schedule a tour of the college campus c attend a college class to see what it’s like d both b & c e all of the above

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Examine the following budget: monthly budget budgeted amount actual amount income wages $1000 $850...

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