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What two actions could you take if your expenditures were consistently greater than your income?
Wiki User
∙ 2012-04-01 02:45:44
1). Reduce your rate of expenditure.
2). Increase your rate of income.
Wiki User
∙ 2012-04-01 02:45:44
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Why a budget line sloping downward?
Because the expenses are greater than the income.
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.
How do you convert your income in to numeric value?
numeric value for monthly income
A person's 3 month income equal to 4 months expense he saved 450 in a year so how much he earn per month or a year?
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 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 is the resulting figure when income is greater than expenditures?
Savings.
Which expenditures was greater than the expenditure on health?
B) Income security
The excess of income over expenditures is called?
The excess of income over expenditures is known as Savings. S= Y(d)-C Where; S= Savings Y(d)= Disposable Income C= Consumption Expenditures
How much will a trustee take out of your monthly income in a chapter 13 bankruptcy Is it a certain percentage?
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.
What is induced investment?
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.
What is the Percent of income breakdown on expenditures?
10 percent
What is required of Congress to publish a statement of all expenditures and income?
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.
What is balanced budget?
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.
What do you use to make sure your expenditures don't exceed your income?
ghs
How do you do adjusting entries?
You adjust the entries by crediting the income and debiting the expenditures.
Congress is required to publish a statement of all expenditures and income?
True
True or false congress is required to publish a statement of all expenditures and income?
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.
