1). Reduce your rate of expenditure.
2). Increase your rate of income.
Because the expenses are greater than the income.
Before the break even point, total expenses exceed total income and there is a loss made.
numeric value for monthly income
4 months' expenses = 3 months' income. So, in a year, 12 months' expenses are covered by 9 months' income. This means he saves three months' income in a year. 3 months' income = 450 so monthly income = 150 or annual income = 1800.
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.
B) Income security
The excess of income over expenditures is known as Savings. S= Y(d)-C Where; S= Savings Y(d)= Disposable Income C= Consumption Expenditures
It's your disposable income. The debtor files a statement of income and expenditures. The expenditures cannot be unreasonably high. The chapter 13 payment is the difference between the income and expenditures.
Business investment expenditures that depend on income or production (especially national income or gross national product). An increase in national income triggers an increase in induced investment expenditures.
Reports of the living costs, non-priority debts, priority debts and income are required of the Congress to publish a statement of all expenditures and income.
A budget for which expenditures are equal to income. Sometimes a budget for which expenditures are less than income is also considered balanced. The concept is often discussed in reference to the federal government.
You adjust the entries by crediting the income and debiting the expenditures.
It is true that congress is required to publish a statement of all expenditures and income. This allows for an accurate budget to be kept for the operation of the country.