Ask Question
5 May, 11:12

Each month, Jackie budgets $1640 for fixed expenses, $1320 for living expenses, and $260 for annual expenses. Her annual net income is $38,640. Which statement best describes her monthly budget?

a. it shows a deficit of $260.

b. it shows a surplus of $260.

c. it shows a deficit of $210.

d. it is balanced.

+2
Answers (1)
  1. 5 May, 15:03
    0
    d. it is balanced.

    Explanation:

    A budget is defined as the amount of money that is set aside for some future purpose. It is a way to effectively manage funds and avoids wastage. When one is going out of their budget they know is is an unallocated cost and this will lead to unbalanced funding for needs.

    In this scenario the total budget of Jackie is

    Monthly budget = fixed expenses + living expenses + annual expense

    Monthly budget = 1,640 + 1,320 + 260

    Monthly budget = $3,220

    Yearly budget = monthly budget * 12

    Yearly budget = 3,220 * 12 = $38,640

    This is a perfect balance with her annual net income.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Each month, Jackie budgets $1640 for fixed expenses, $1320 for living expenses, and $260 for annual expenses. Her annual net income is ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers