Question: Budget Case Study: . Rebecca is 22 years old and in her last year of college. She is studying hotel and restaurant management. She has

 Budget Case Study: . Rebecca is 22 years old and in

Budget Case Study: . Rebecca is 22 years old and in her last year of college. She is studying hotel and restaurant management. She has worked in the food services industry since she was 16. . After graduation, Rebecca will move to Niagara Falls and begin work at a local hotel and conference centre. Her starting wage will be $20.50/h based on a 40-h work week, with an increase in pay and responsibility after six months. Rebecca's net earnings are approximately 80% of her gross earnings. She will be paid every second Friday. Rebecca does not own a car. . She decides to rent an apartment within walking distance of the hotel for $950 per month. Assume the average monthly cost for utilities - water, electricity, and heating - will be $125, since utilities are not included. 1. Estimate Rebecca's other expenses, such as food, personal and household items. [A 13] 2. a) Design a budget for Rebecca with the information you know. Use the paper [A / 10] budget template. b) Is she earning enough to cover her expenses? If not, how can she balance her budget? [T 12] If she does, what can she do with the surplus money

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 Mathematics Questions!