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October 21, 2014

October 21, 2014

Posted by **Naty** on Saturday, April 14, 2012 at 4:16pm.

Net income: $535.25

Percent item 1: 20%

Percent item 2: 17%

Bill due: $96.31

Amount in savings: $150

EXAMPLE :

Adjusting a Budget

At certain times you may want to make changes to a budget. If you get a pay raise, for example, you may want to get a more expensive car or house. On the other hand, you could find out that you don’t have enough money for some things that you need, so you must adjust your budget accordingly. Let’s look at some sample problems to see if this man has budgeted correctly.

Example 2. Arnold Herlenmeyer

Net income: $950.00

Budgeted percentage for item 1: 5%

Budgeted percentage for item 2: 7%

Combined Payment due on these items: $206.45

According to Arnold’s budget does he have enough to pay for the items?

First we multiply the percentage for item 1 by Arnold’s net income -

$950

× .05

$47.50

Next we multiply the percentage for item 2 by Arnold’s net income

$950.00

× .07

$ 66.50

Now we add those two figures together to see how much Arnold has budgeted:

$ 47.50

+$66.50

$114.00

So Arnold has only budgeted $114 dollars and the items cost $206.45. He doesn’t have enough! He needs to either make an adjustment to his budget or not purchase the items. Let’s look at another example.

- ( Online Class ) Consumer Math -
**Naty**, Saturday, April 14, 2012 at 4:20pmOops I Forgot The Options

a)Variable expense adjustment

b)Enough in net income

c)Withdrawal from savings

- ( Online Class ) Consumer Math -
**Henry**, Sunday, April 15, 2012 at 10:51am0.37*535.25 = $198.04.

This is more than enouh to cover the unexpected bill.

- ( Online Class ) Consumer Math -
**Anonymous**, Tuesday, April 17, 2012 at 2:15pmand 1=

- ( Online Class ) Consumer Math -
**Anonymous**, Tuesday, April 17, 2012 at 2:15pm' and 1=

- ( Online Class ) Consumer Math -
**Anonymous**, Tuesday, April 17, 2012 at 2:15pm\'

- ( Online Class ) Consumer Math -
**Anonymous**, Tuesday, April 17, 2012 at 2:15pm/'

- ( Online Class ) Consumer Math -
**Anonymous**, Tuesday, April 17, 2012 at 2:15pmookjk85h74

- ( Online Class ) Consumer Math -
**Anonymous**, Tuesday, April 17, 2012 at 2:15pm1 OR 1=1

- ( Online Class ) Consumer Math -
**Anonymous**, Tuesday, April 17, 2012 at 2:16pm1'1

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