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What plan for spending money that balances income and expenses?
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What is a budget used for?
to help managed your money. Plan income and expenses ~ Apex
What is the difference between loss and expences?
An expense is money you pay to but something, a good or a service.A loss is when you balance expenses against income and find out that there was less income than your expenses.
What is the purpose of budgeting?
To make sure expenses are below income
What is gross turnover?
Your gross turnover is how much money you have made before you subtract or take out your expenses. Once the expenses are deducted, this will give you your income.
What does a budget help you do?
manage your money better and help you save Keep your expenses below your income
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 does expenses are more than income mean?
Means someone is spending more money than they earn.
What is a definition spending power tourist?
If you have money to spend after paying taxes and all expenses, you have spending power according to the amount of money you have left over. A tourist with spending power has money to spend after all travel expenses are paid or accounted for.
What is the amount left after expenses have been paid?
Spending money.
If expenses are greater than income there's no?
There is no money.
What is the cycle of money?
managing the income and spending by balance
What does expenditure meaning?
paying out or spending
What are the effects of a decrease in net profit margin?
A decrease in net profit margin means that the business is spending a lot of money on its expenses. The business may still have a high gross income.
What is the difference between capital income and capital expenditure?
Income is money coming in, expenditure is money going out (spending).
What is the definition of money cycle?
managing the income and spending by balance
What is a budget used for?
to help managed your money. Plan income and expenses ~ Apex
What is the term for Money left to spend after necessary expenses are paid?
Discretionary Income
