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1. Kim runs a T-shirt printing business and gets paid when each job is finished. Below is a record of her income and expenses for one month.
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INCOME. Reg/Variable. EXPENSES. Recur/Varible.
Job1-$700.00 Transportation-$600.00
Job2-$350.00 Entertainment-$450.00
Job3-$855.00 Food-$500.00
Job4-$820.00 Rent-$1500.00
Job5-1063.00 Insurance-$200.00
Child care-$600.00
Miscellaneous-$300.00
TOTAL= TOTAL=
A) For each category of income , state wheather it is regular or variable and for each expense, state whether is it recurring or variable?
B) What amount is Kim’s income less or more than her expenses?
C) for the list of expenses, rank the expenses in order of importance ( 1 being a staple in life, most important to pay), state a reason and suggest ways to reduce them if possible?
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Answer:
category of income , state wheather it is regular or variable and for each expense, state whether is it recurring or variable
Step-by-step explanation:
for the list of expenses, rank the expenses in order of importance ( 1 being a staple in life, most important to pay), state a reason and suggest ways to reduce them if possible
INCOME. Reg/Variable. EXPENSES. Recur/Varible.
Job1-$700.00 Transportation-$600.00
Job2-$350.00 Entertainment-$450.00
Job3-$855.00 Food-$500.00
Job4-$820.00 Rent-$1500.00
Job5-1063.00 Insurance-$200.00
Child care-$600.00
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