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18 Cards in this Set
- Front
- Back
Which of the following items did Joe include in his fixed expenses?
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rent
utilities food |
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Expenses that Joe does not pay monthly include:
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new clothes
taxes |
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The amount that went to savings in month 2 was
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$180
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The average phone bill was?
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61.67
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The total amount paid for electricity during the three month period was?
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622.21
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In what month was a repair bill paid?
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month 2
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According to this lesson a family can plan a budget by dividing their anticipated expenditures into several major categories.
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true
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Saving regularly or creating a specific category for "emergencies" are ways a family can plan for unexpected expenses.
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true
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What percent of the total budget was used for electric, phone, and water?
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14
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What percent of the total budget was used for credit card (to the nearest tenth)?
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8.8
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What percent of Sally's salary does she budget for donations?
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10
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If these are all Sally's expenses, what is her net cash flow?
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183
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What is the dollar amount of the Harris family's annual housing budget?
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11,100
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The Harris family's budget categories add up to exactly 100 percent.
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false
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Define "the business cycle."
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The term business cycle is economy-wide fluctuations in production activity over several months or years.
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A budget is a planning tool.
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true
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If a business experiences wide fluctuations, it is wise to make range forecasts.
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short
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Generally speaking, using a year's history of cash receipts and disbursements will be a satisfactory basis for projecting the future.
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full
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