Examine the following budget:Monthly BudgetBudgeted AmountActual AmountIncome Wages$1000$850Expenses Car - gas, insurance Food & Personal Items Cell Phone College Savings Recreation Clothes$300$200$75$200$75$85$300$220$75$200$80$60Net 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? a.The actual net income for the month is -$85. Less money could have been spent on food, recreation and clothes.b.The actual net income for the month is $85. No changes necessary.c.The actual net income for the month is -$85. No changes necessary.d.The actual net income for the month is $85. Less money could have been spent on food, recreation and clothes.
Robert is currently working for a landscaping company earning $1520 per month. He has a dream of starting his own landscaping company and figures he would need to save $5000 to buy his own equipment. Select the budget that would help Robert most quickly achieve his financial goal of starting his own business, while still meeting his basic needs. Monthly Budget Budget A Budget B Budget C Budget D Income $1520 $1520 $1520 $1600 Expenses Rent Utilities Food Cell Phone Savings Entertainment Clothing $400 $80 $250 $0 $400 $220 $130 $400 $80 $25 $75 $600 $320 $0 $400 $80 $150 $70 $500 $125 $120 $400 $80 $400 $110 $260 $200 $150 Net Income $40 $20 $75 $0 a. Budget A b. Budget B c. Budget C d. Budget D Please select the best answer from the choices provided
Sienna wants to set up a special fund so she can save to buy presents for her friends and family throughout the year. If her gift purchases last year totalled $580, estimate how much she should save each month to have approximately the same amount available for gifts next year? a. Approximately $480 b. Approximately $58 c. Approximately $48 . d. Approximately $96 Please select the best answer from the choices provided
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