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Your friend has prepared his monthly budget and asks you if he has overlooked anything in this planning. Which of the following questions points out his most serious omission? A 2-column spreadsheet showing Cash Inflows and Cash Outflows. Cash inflows are Disposable income 4,165 dollars, interest on savings 0 dollars, income from stocks 50 dollars, with total cash inflow 4,215 dollars. Cash outflows are mortgage 1,000 dollars, homeowner's insurance 60 dollars, car payment 373 dollars, car insurance 125 dollars, stock purchases 200 dollars, life and health insurance 150 dollars, retirement plan 500 dollars, utilities 235 dollars, cable/phone 160 dollars, groceries 600 dollars, recreation 550 dollars, with total cash outflow 3,953 dollars. a. What if your income from stocks is lost? b. What if you need to go to the doctor? c. What if the electric bill increases? d. What if you need to replace the furnace? Please select the best answer from the choices provided A B C D

Sagot :

Answer:

Yes its D

Step-by-step explanation:

Correct on edg. 2021

The question that points out his most serious omission from the monthly budget preparation is d. What if you need to replace the furnace?

What is a monthly budget?

A monthly budget is an outline of the cash inflows and cash outflows from a person's or firm's account during a month's period.  It tracks cash inflows based on income and the outflows in expenses.

The preparation of a monthly budget helps in financial planning and control by tracking expenses and income.

Thus, the most relevant question that deals with a budget overlook is not about losing stock income, going to the doctor, increased electric bill but Option D.

Learn more about monthly budget preparation at https://brainly.com/question/1995710