0
A family spends 20 percent of its income on food 23 percent on rent and 42 percent on other expenses and saves the balance if the family saves 360 dollars per month what is the families monthly income?
Wiki User
∙ 13y ago
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
Wiki User
∙ 13y ago
Add your answer:
Earn +20 pts
What are accrued expenses reported on the balance sheet as?
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.
If 85 percent of a monthly income is spent if and 360 dollars remains what was the monthly income?
2,400
How do you calculate amount for monthly 943?
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.
What is the finance charge on a credit card balance of 3299.19 at a monthly rate of 1.2?
$39.59
What is monthly interest if balance is 20500 at interest rate of 6.5 percent?
Assuming 6.5% refers to the annual interest rate, the monthly interest is 111.04 approx.
If monthly cash expenses are 150000.00 for 2007 and cash balance on Dec 31 2007 was 1550000.00 what is the ratio of cash to monthly cash expenses?
10.3
What are average expenses for household monthly in Australia?
The average household expenses are around 30,000 dollars a year. This equals out to 560 dollars a week. Money goes further in Australia then it does in the US.
What are variable monthly expenses?
expenses change
What is the monthly living expenses in Singapore in Singapore Dollars?
you can live comfortably in Singapore for 2-3k sgd per month
A family spends 20percent of its monthly income on food 23percent on rent and 42percent on other expenses and saves the balance. If the family saves 360.00dollars per month what is the monthly income?
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).
A family spends 20 percent of its monthly income on food 23 percent on rent and 42 percent on other expenses and saves the balance if the family saves 360 per month what is its monthly income?
2400
This is Paula's monthly budget What percent of her expenses is spent on insurance?
20Given Paula's monthly budget, the percentage of expenses spent on insurance can be determined by subtracting all the other expenses from the monthly budget, which leaves you with the anoint spent on insurance.
How can you track your monthly income and expenses?
Quicken
If you plan to spend 9 percent of your monthly income on medical expenses how much would you budget for a monthly income of 1550?
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.
What are the average monthly expenses of a hair salon?
20,000
Does the ending balance on trial balance varies monthly?
yes
What are the average monthly expenses of a family of four?
Rent/ morgage electric water phone car payment gas garbage internet
