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What are discretionary appropriations?
discretionary expenses means in short word expenses on self wants or needs in company or home.
What is the difference between discretionary and controllable cost?
Discretionary cost is that amount which is at somebody's discretion like manager etc. Controllable cost is that amount which is in the hands of management to be controlled or not like advertisement expenses etc.
How is discretionary income calculated?
Discretionary income is calculated by taking your gross income minus your expenses and what you are left with is discretionary income. Most Americans do not have a large amount of discretionary income.
What are non discretionary expenses?
transportation costs entertainment
What are 2 non-discretionary expenses?
transportation costs entertainment
When budgeting for your immediate needs you should divide them into immediate and discretionary expenses.?
When budgeting for your immediate needs, you should divide them intoA.immediate and discretionary expenses.B.fixed and immediate expenses.C.discretionary and fixed expenses.D.fixed and intermittent expenses.
In a personal budget how are flexible expenses and discretionary spending similar?
Flexible expenses and discretionary spending are similar in that both can be adjusted based on individual financial situations and priorities. Flexible expenses, such as groceries and utility bills, can vary month to month, while discretionary spending includes non-essential purchases like entertainment and dining out. Both categories allow for personal choice and can be modified to accommodate changing financial needs or goals. Essentially, they both contribute to the overall management of a budget by providing areas where spending can be controlled.
What are the four categories that you need to separate your expenses into?
The four categories to separate your expenses into are fixed expenses, variable expenses, discretionary expenses, and periodic expenses. Fixed expenses are regular and unchanging, such as rent or mortgage payments. Variable expenses fluctuate, like groceries or utility bills, while discretionary expenses are non-essential, such as dining out or entertainment. Periodic expenses occur irregularly, like insurance premiums or annual subscriptions.
How do you calculate discretionary money?
Discretionary money is calculated by subtracting essential expenses from your total income. First, determine your total monthly income, including salary and any additional sources. Then, list and total all necessary expenses, such as housing, utilities, groceries, and transportation. The remaining amount after these essential expenses is your discretionary money, which can be used for non-essential spending or savings.
How much discretionary income does Paula have each month?
To determine Paula's discretionary income each month, we need to subtract her essential expenses (like housing, utilities, food, and transportation) from her total monthly income. Discretionary income is what remains after covering these necessary costs. If you provide Paula's monthly income and her essential expenses, I can help you calculate her discretionary income.
What is the term for Money left to spend after necessary expenses are paid?
Discretionary Income
What are the four types of expenses?
The four types of expenses typically include fixed expenses, variable expenses, discretionary expenses, and periodic expenses. Fixed expenses remain constant over time, such as rent or mortgage payments. Variable expenses fluctuate based on consumption or usage, like utility bills or groceries. Discretionary expenses are non-essential spending, such as entertainment or dining out, while periodic expenses are irregular but predictable costs, such as insurance premiums or car maintenance.
