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Y BroomeChapter 2 Quiz ome SUNY https//newconnect.mheducation.com/flow/connect.h

ID: 2818994 • Letter: Y

Question

Y BroomeChapter 2 Quiz ome SUNY https//newconnect.mheducation.com/flow/connect.html Problem 2-9 (LO2.3) The Brandon household has a monthly income of $5,630 on which to bace their budgot They plan to save 10 percent and spend 32 percent on fxed expenses and 56 percent on varlable expences a What amount do they plan to set askde for each major budget section? (Round your answers to 2 decimal places.) Savings Fixed expenses Variable expenses b. After setting aside these amounts, what amount would remain for additional savings or for paying intermediate calculations Round your answer to 2 decimal places) 12 of 15 Next .

Explanation / Answer

Solution-

a)

b) Amount remained after paying off debts or additional savings =$112

Particulars % Amount Savings 10 563 Fixed Expenses 32 1802 Variable Expenses 56 3153