Justin is married with one child. he works 40 hours each week at a rate of $16 per hour. his wife began working part time after their daughter was born, but still contributes about $350 to the cash inflow each month. their monthly cash outflow is generally about $3,000. they have a balance of $2,000 in their savings account. justin has retirement contributions taken out of his paycheck at work. they have renter’s, car and life insurance coverage. based on this information, what part of their financial plan should justin and his wife work on? a. managing income b. managing liquidity c. protecting assets d. retirement

Option A - managing income is the right answer.

Explanation:

According to the given scenario, Justin and wife should manage their income.

We will find the total earning of both.

Justin's monthly earnings =

His wife's earnings = $350

Total monthly earnings combined =

But their monthly expenses are generally about $3,000 which is more than their monthly earnings.

So, they should reduce their monthly expenses to maintain a positive earnings-expenses relation. Hence, they should start managing their income.

75 tickets have been sold so far.

step-by-step explanation:

in this question it is clearly mentioned that 45 children's tickets have been sold and this number is 60% of the total tickets sold.

now let's assume the total number of tickets sold be x.

then 60% of x = 45

⇒

⇒ x(.6) = 45

by dividing with .6 on both the sides of the equation

⇒ x = 75

therefore 75 tickets have been sold so far.

a

step-by-step explanation:

the answer is a