20%(food) + 23%(rent) + 42%(other expenses) = 85% food, rent, and other expenses is 85% of the income so then the savings is 15% of the family income 100% - 85% = 15%(savings) 360(savings) is 15% of the family income 15/100 = 360/x if 360 is 15% of the family income the total of the family income is 2400 20%(food) + 23%(rent) + 42%(other expenses) = 85% food, rent, and other expenses is 85% of the income so then the savings is 15% of the family income 100% - 85% = 15%(savings) 360(savings) is 15% of the family income 15/100 = 360/x if 360 is 15% of the family income the total of the family income is 2400
Total Income = ? % spent on Rent = 23% % spent on food = 20% % spent on Other expenses = 42% Amount remaining = 360 % remaining = 100 - (23 + 20 + 42) = 15% 15% of X amount = 360. So X = 360/15% = 2400 The families total income is $2400
As you accrue expenses, they show up as a CREDIT on the balance sheet, and a DEBIT on the income statement. Then as you actually incur the expense and pay out, you would CREDIT your cash account, and DEBIT the accrued liability account on the balance sheet. For example, if you expect to spend $12,000/year on business travelling expenses, you would accrue $1000 monthly as a CREDIT to your accrued liability account (on the balance sheet), then a DEBIT to the expense account (on the income statement). When you actually do incur the expense and pay out, you CREDIT your cash account, and DEBIT the accrued liability account. Thus, the accrued liability account is cleared out and eventually washed out to zero.
450 dollars would be spent a month on entertainment if the family spends nine percent of their $5000 income monthly on that. You figure this by multiplying .09 by 5000 giving 450, which is the amount spent monthly on entertainment.
Calculating the monthly amount for 943 can only be done if more information is provided. This could be monthly checks, income, taxes, or expenses. Without knowing the exact reason for calculating and what the amount is the answer remains unknown.
You spend 20 + 23 + 42 = 85 % You save 100-85 = 15% which is 360 So the monthly income = 100% = 100*360/15 = 2400
2400
The amount Êof income the family saves as aÊpercentage is given by (100-(20+23+42) which is 15 percent. Since 15 ÊpercentÊ represent 360.00 dollars, the monthly Êincome will be represented by 100 percent, which is Ê2400.00 dollars: ((360 xÊ100)/15).
If you plan to spend 9 percent of your monthly income on medical expenses, you would budget $139.50 for a monthly income of $1550.
Quicken
Excel can generate monthly income statements by typing "Income" in cell A1 of the worksheet. Below that, enter all monthly income. In cell A2, enter "Expenses", and then monthly expenses such as payroll, parts, goods, etc.
All expenses incurred are part of income statement of company whle advance expenses or expenses payable are part of balance sheet.
The family is spending 20 + 23 + 42 = 85 % of their income each month.As such the 360 saved is 15 % of their monthly income.Therefore monthly total income = 360/15 x 100Monthly income = 2400
monthly income exceeds the state's medium income for a family of equivalent size or if the debtor's monthly income less allowable expenses exceeds an amount allowed under the act for a family of equivalent size, then there is a presumption of abuse
Administrative expenses are part of income statement and shown there and not in balance sheet.
Expenses maintain a debit balance. They are opposite accounts to Revenue which maintains a credit balance. Gross Income (Gross Revenue) - Expenses = Net Income
Miscellaneous expenses are part of income statement and not part of balance sheet and not shown under balance sheet.
All expenses has debit balance as normal default balance while all income has credit balance as normal default balance.