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What is a savings plan based on estimated income and expenses called?
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What is the difference amount of expense over income called when income exceeds expense?
Expenses more than income is called "Loss" Income over expenses called "Profit"
What is it called when your expenses exceed your income?
UNSUCCESSFUL
Is revenue part of an income statement?
Yes revenues and expenses are part of income statement and difference between revenue and expenses is called net income or loss.
What is it called when income is more than expenses?
profit
When income exceeds expenses the difference is called?
penis
A family spends 20 of its monthly income on food 23 on rent and 42 on other expenses and saves the balance If the family saves 360 per month what is its monthly income?
20%(food) + 23%(rent) + 42%(other expenses) = 85% food, rent, and other expenses is 85% of the income so then the savings is 15% of the family income 100% - 85% = 15%(savings) 360(savings) is 15% of the family income 15/100 = 360/x if 360 is 15% of the family income the total of the family income is 2400 20%(food) + 23%(rent) + 42%(other expenses) = 85% food, rent, and other expenses is 85% of the income so then the savings is 15% of the family income 100% - 85% = 15%(savings) 360(savings) is 15% of the family income 15/100 = 360/x if 360 is 15% of the family income the total of the family income is 2400
What is the difference amount of expense over income called when income exceeds expense?
Expenses more than income is called "Loss" Income over expenses called "Profit"
Put the steps in the correct order to show how to put together a personal budget Add up all of your sources of income Figure out how much money you're spending Categorize your expenses to?
*total your income *figure out how much money you are spending. *categorize your expenses to show where your money goes. *determine if your expenses are above or below your income. *reduce expenses in flexible categories to save or increase savings
What is it called when your expenses exceed your income?
UNSUCCESSFUL
What is it called when your income outweighs your expenses?
Lucky!
Is revenue part of an income statement?
Yes revenues and expenses are part of income statement and difference between revenue and expenses is called net income or loss.
What is us deficite?
The difference, on a yearly basis, between the budget (expenses) for the federal government of the United States and revenues (income). When the expenses are more than the income, the difference is called the deficit. When the income is more than the expenses, the difference is called a surplus.
What is the us deficit?
The difference, on a yearly basis, between the budget (expenses) for the federal government of the United States and revenues (income). When the expenses are more than the income, the difference is called the deficit. When the income is more than the expenses, the difference is called a surplus.
Paulson spends 75 percent of his income His income is increased by 20 percent and he increased his expenditure by 10 percent. Find the percentage increase in his savings?
Set original income to be x and expenses were 0.75x, so he was saving 0.25 Income is now (1+ .2)x=1.2x and expenses are now (1 + .1)(.75)=0.825 savings are now 1.2-0.825=0.375, and .375/.25 = 1.5 so this is a 50% gain in savings.
What is it called when income is more than expenses?
profit
When income exceeds expenses the difference is called?
penis
Two differences between savings and investments?
investment refers to the purchase of new capital such as equipment or buildings. National savings is the exccess of income after consumption expenses have been met.
