A family creates a monthly budget based on their combined wages and expenses for one month. Use the family’s budget to determine if the family will experience a monetary surplus or shortage for the month.
1. Calculate the difference between the Total Budgeted Expenses and Total Actual Expenses.
2. Calculate the total Surplus/Shortage amount for the month.
3. The family sets a goal to deposit a minimum of $1,500.00 into a savings account each month. In two or more complete sentences, describe whether or not your calculations in parts A and B support the family’s goal? Include specific monetary values listed in the family’s budget and recommend changes in the family’s variable costs that would allow the family to save more money this month.
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Answered by
13
Answer:
1. = 1,293
2. = 1,943
3. = see step by step
Step-by-step explanation:
They are a shortage of more than the amount they want to put in savings. This will not support the family's goal to deposit into the savings account. I recommend finding cheaper options on your expenses or spend a few more hours on a job.
Answered by
2
Answer:
They are a shortage of more than the amount they want to put in savings. This will not support the family's goal to deposit into the savings account. I recommend finding cheaper options on your expenses or spend a few more hours on a job.
Step-by-step explanation:
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