a
To determine: The categories and amount in H’s budget where they realistically might cut back $2,400.
Introduction:
Budgeting:Financial success of an individual or business depends on right choice at the right time. Budget is a model of application of these choices. A budget is planned or estimated and actual income and expenditures over period of time. In simple words, a budget is a financial plan to achieve your objectives.
A budget is required to be reconciled depending on the environment and other factors.
b
To determine: The recommendations for handling fixed and variable expenses.
Introduction:
Budgeting:financial success of an individual or business depends on right choice at the right time. Budget is a model of application of these choices. A budget is planned or estimated and actual income and expenditures over period of time. In simple words a budget is a financial plan to achieve your objectives.
A budget some time required to be reconciled depending on the environment and other factors.
c
To determine: H’s income after five years with the revised data.
Introduction:
Budgeting:Budgeting:financial success of an individual or business depends on right choice at the right time. Budget is a model of application of these choices. A budget is planned or estimated and actual income and expenditures over period of time. In simple words a budget is a financial plan to achieve your objectives.
A budget some time required to be reconciled depending on the environment and other factors.
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