Question: Which is a true statement about a budget? a. A budget should remain the same from month to month. b. A persons budget should be

Which is a true statement about a budget?

a. A budget should remain the same from month to month.

b. A person’s budget should be the same as other people with the same income.

c. When a person spends more than he has budgeted, he should reduce his cash inflow.

d. A budget should include both fixed and variable expenses.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Personal Financial Planning Questions!

Q:

1. Explain why AC is the perpendicular bisector of BD. AD; BC = DC; PR = QS,; P, Q, R, and S are the midpoints of AB, BC, DC, and AD respectively, Questions 2-5: Statements in a proof are provided....

Q:

Chapter 10 from Business Law and the Legal Environment was adapted by The Saylor Foundation under a Creative Commons Attribution-NonCommercial-ShareAlike 3.0 license without attribution as requested...

Q:

I have attached the corresponding lessons for assignment 8, it usually includes practice problems at the bottom that look similar to the assignment. ASSIGNMENT 7 JOB ORDER COSTING Directions: After...

Q:

UIZ 2 QUESTION 1 Chavez is a manager of X Corporation. Another company asks for a recommendation about a former employee of X, Burke, who is now applying for a job. The reference is sent to the new...

Q:

The scribes of ancient Egypt were the forerunners of today's accountants. a. True b. False Possible Exam 1 Questions Chapter 1: 3. The scribes of ancient Egypt were the forerunners of today's...

Q:

Activity-Based Budgeting St. Sophia's Hospital is preparing its budget for the coming year. It uses an activity-based approach for all costs except physician care. Its emergency room has three...

Q:

Activity-Based Budgeting St. Sophia's Hospital is preparing its budget for the coming year. It uses an activity-based approach for all costs except physician care. Its emergency room has three...

Q:

1. Fact Pattem: Ameiia Shepherd. the petty cash custodian, was accused by the Commission on Audit of misappropriafing 3 million pesos in general funds, for personal purposes. After the conduct of a...

Q:

In March 1991, Russ Lesser, president of Body Glove, a small wetsuit manufacturer, reviewed the progress his company had made, as well as the problems it had encountered, in the nine months he had...

Q:

Use the flexible budget template to complete this problem The Antigua Blood bank, a private charity partly supported by government grants is located on the Caribbean island of Antigua. The blood bank...

Q:

The first facet of a business that requires definition is the business itself. For the entrepreneur, this should be a straightforward solution to some kind of problem. The solution itself may...

Q:

Run the diagram from the Cluster node and examine the results. Does the number of clusters created seem reasonable? 11. Specify a maximum of six clusters and rerun the Cluster node. How does the...

Q:

At the points x = 0, 1. . . 6, the cdf for the discrete random variable X has the value FX (x) =x(x +1)/42. Find the pdf for X.

Q:

The symbol U represents a nucleus of uranium with nucleon number (mass number) 238 and proton number (atomic number) 92. (a) State the meaning of nucleon number (b) A nucleus of uranium-238 decays to...

Q:

The Computer Security Institute (CSI) conducts an annual survey of computer crime at U.S. businesses. CSI sends survey questionnaires to computer security personnel at all U.S. corporations and...