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What is the relationship between income and expenses before a break-even point is reached?
Before the break even point, total expenses exceed total income and there is a loss made.
What is the definition of estimated expenses?
estimated expenses are expenses that are not actual or real. it may be more than or less than the ctual expenses
What are 3 expenses other than the automobile payment?
Three main monthly expenses to keep track of: Rent Food budget Cable bill
What is an accounting loss?
It is when revenues are less than expenses.
When your expenses are less than you budget is called?
savings
If accounts payable have increased during a period will the expenses on an accural basis be less than expenses on a cash basis?
expenses on an accrual basis are greater than expenses on a cash basis
How do you do break even analysis in a bank?
ensure that your incomes are more than your operating expenses on monthly basis.
What percentage of monthly income should go on household expenses?
Rent shouldn't be than one quarter of your income.
Does net loss occurs when expenses are less than revenue?
Net Income : When Revenue is greater than Expenses. Net loss : When Expenses are greater than Revenue. References : Basic Accounting (111) Book .
How much money does a TEACHER make monthly?
Most teachers make less than a total of $2000 a month after taxes. This is a yearly salary of around $30,000.
Household will supply as long as the wage they receive is less than the value of their leisure time true or false?
Household will supply as long as the wage received is less than the value of leisure time is a false statement. Household income must be more than leisure and necessities expenses to be able to sustain the monthly needs of a family, as well as have some savings. Ê
What are the advantages of taking domestic holidays rather than an international holiday?
less expenses
