1. Lisa is a mother who works alone with a child.The following is a breakdown of its expenditure for this mount? 1. Lisa is a working single mother with a child. The following is a breakdown of expenses for this month:
Rent $ 800
Electricity $ 50
Natural Gas $ 25
home phone $ 25
Satellite TV for $ 100
payment of the car (everyday use) $ 200
Payment motorcycle (recreational use) $ 200
cell phone (including surpluses) $ 100
Payments by credit card $ 200
child care (if it can work) $ 400
babysitting (for it to go clubbing or bike on weekends) $ 200
$ 300 grocery
Restaurants $ 200
clubbing (cover charges, drinks, etc.) $ 150
Assuming that these costs are Lisa, calculate its total expenditures for the month. (1 point)
$ 2,950
$ 2,000
$ 950
$ 1,200
2. Assuming that these costs are Lisa, calculate its discretionary spending for the month. (1 point)
$ 1,750
$ 750
$ 1,200
$ 950
3. Assuming that these costs are Lisa, calculate its fixed monthly expenses. (1 point)
$ 1,800
$ 2,950
$ 2000
$ 2,100
4. Which of the following may be a discretionary expenditure that is not included in the list of Lisa? (1 point)
gasoline (to go to work)
Gasoline (weekend bike trips)
Comprehensive car insurance
Medical Insurance
5. The following is a breakdown of Lisa's revenues for the month:
gross wage $ 2500
Net salary $ 2,000
possible bonus of $ 500 labor
Child support $ 800
What Lisa current monthly income? (1 point)
$ 2,500
$ 2,000
$ 2,800
$ 3,300
6. On the basis of monthly income of Lisa and the note above charges, we can say that Lisa is alive (1 point)
within its means
in the red
in poverty
a surplus
7. Which of the following is a realistic strategy that would balance its budget by Lisa? (1 point)
Pay the minimum balance on their credit cards instead of monthly interest.
Negotiate a payment less than rent with his landlord.
Spend satellite television basic cable (which is cheaper), or by a local TV antenna (which is free).
Buy fewer groceries and eat more in place.
8. On the basis of its current consumption patterns and income, which statement is true of the financial position of Lisa? (1 point)
average per month, it has only about $ 200 to put savings
average per month, it has only about $ 50 for set savings
average per month, she has no money to put into savings, and go deeper into debt each month
average month, she has no money to put into savings, but at least break even
9. Lisa is planning to replace her living room with a new one. The furniture store offers a zero down, zero interest financing plan. Which statement is probably true? (1 point)
if it makes the purchase, it would be considered "discretionary spending"
if it makes the purchase, it will not have to pay a deposit or pay interest, as it makes all its payments on time
if it makes the purchase, but does not one-time payment, the furniture store will probably require to pay interest over the loan term
foregoing
10. "Living within your means" means: (1 point)
only spending as much money you earn every month
have a comfortable amount of savings remaining after deduction of fixed costs and discretionary income
planning and discretionary fixed income based on your current income, plus income potential, as a bonus or inheritance, you expect to receive soon
foregoing
~ ~ I already graduated ... do your own homework Sweetie! ~
Lisa needs to revamp the budget. How in the hell can you justify some of these expenses (satellite TV paym $ 100 bike.
Posted on March 13, 2010.
