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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
What else can I help you with?
A family spends 85 percent of its monthly income and saves the balance If the family saves 360 dollars per month what is its monthly income?
If the family saves $360, that represents 15 percent of their monthly income (since they spend 85 percent). To find the monthly income, you can set up the equation: 0.15 * Monthly Income = $360. By dividing $360 by 0.15, the monthly income is calculated to be $2,400.
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?
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
A family spends 9 percent of it income on entertainment how much do they spend if their monthly income is 5000?
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.
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.
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.
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
A family spends 85 percent of its monthly income and saves the balance If the family saves 360 dollars per month what is its monthly income?
If the family saves $360, that represents 15 percent of their monthly income (since they spend 85 percent). To find the monthly income, you can set up the equation: 0.15 * Monthly Income = $360. By dividing $360 by 0.15, the monthly income is calculated to be $2,400.
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).
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.
How can you track your monthly income and expenses?
Quicken
How can I generate a monthly income statement using Excel?
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.
When can a presumption of abuse cause a bankruptcy petition to be dismissed?
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
Is expnses a balance sheet or a income statement?
All expenses incurred are part of income statement of company whle advance expenses or expenses payable are part of balance sheet.
A family spends 20 percent of there monthly income on food 23 percent on rent 42 percent on other exspenses and saves the balance if the family saves 360 per month what is it's monthly income?
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
Are administrative expenses on the balance sheet?
Administrative expenses are part of income statement and shown there and not in balance sheet.
Does an expense normally have a credit or debit balance?
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 in the balance sheet?
Miscellaneous expenses are part of income statement and not part of balance sheet and not shown under balance sheet.
