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What else can I help you with?
What is the relationship between income and expenses before a break-even point is reached?
Before the break even point, total expenses exceed total income and there is a loss made.
What is the definition of estimated expenses?
estimated expenses are expenses that are not actual or real. it may be more than or less than the ctual expenses
What are 3 expenses other than the automobile payment?
Three main monthly expenses to keep track of: Rent Food budget Cable bill
What is an accounting loss?
It is when revenues are less than expenses.
When your expenses are less than you budget is called?
savings
What budget item does NOT necessarily include monthly expenses?
A budget item that does not necessarily include monthly expenses is a one-time purchase, such as a new appliance or furniture. These expenses occur infrequently and are not part of regular monthly budgeting. Additionally, investments or savings contributions may also fall into this category, as they can vary significantly based on individual financial goals and timelines rather than monthly obligations.
If accounts payable have increased during a period will the expenses on an accural basis be less than expenses on a cash basis?
expenses on an accrual basis are greater than expenses on a cash basis
How do you do break even analysis in a bank?
ensure that your incomes are more than your operating expenses on monthly basis.
WHAT IS the ratio of monthly housing expense to monthly income?
The ratio of monthly housing expense to monthly income is calculated by dividing the total monthly housing costs (including rent or mortgage, property taxes, and insurance) by the gross monthly income, then multiplying by 100 to express it as a percentage. A common guideline suggests that this ratio should ideally not exceed 30%, meaning that no more than 30% of your gross income should go toward housing expenses. This helps ensure that individuals have enough remaining income for other essential expenses and savings.
What percentage of monthly income should go on household expenses?
Rent shouldn't be than one quarter of your income.
How much money does a TEACHER make monthly?
Most teachers make less than a total of $2000 a month after taxes. This is a yearly salary of around $30,000.
Does net loss occurs when expenses are less than revenue?
Net Income : When Revenue is greater than Expenses. Net loss : When Expenses are greater than Revenue. References : Basic Accounting (111) Book .
