kimberly12184
Answered

Find the best answers to your questions at Westonci.ca, where experts and enthusiasts provide accurate, reliable information. Discover in-depth answers to your questions from a wide network of professionals on our user-friendly Q&A platform. Join our Q&A platform to connect with experts dedicated to providing accurate answers to your questions in various fields.

Robert is currently working for a landscaping company earning [tex]$\$[/tex]1520[tex]$ per month. He has a dream of starting his own landscaping company and figures he would need to save $[/tex]\[tex]$5000$[/tex] to buy his own equipment. Select the budget that would help Robert most quickly achieve his financial goal of starting his own business, while still meeting his basic needs.

\begin{tabular}{|c|c|c|c|c|}
\hline Monthly Budget & Budget A & Budget B & Budget C & Budget D \\
\hline Income & [tex]$\$[/tex]1520[tex]$ & $[/tex]\[tex]$1520$[/tex] & [tex]$\$[/tex]1520[tex]$ & $[/tex]\[tex]$1600$[/tex] \\
\hline \multicolumn{5}{|l|}{Expenses} \\
\hline Rent & [tex]$\$[/tex]400[tex]$ & $[/tex]\[tex]$400$[/tex] & [tex]$\$[/tex]400[tex]$ & \\
\hline Utilities & $[/tex]\[tex]$80$[/tex] & [tex]$\$[/tex]80[tex]$ & $[/tex]\[tex]$80$[/tex] & \\
\hline Food & [tex]$\$[/tex]250[tex]$ & $[/tex]\[tex]$25$[/tex] & [tex]$\$[/tex]150[tex]$ & $[/tex]\[tex]$414$[/tex] \\
\hline Cell Phone & [tex]$\$[/tex]0[tex]$ & $[/tex]\[tex]$75$[/tex] & [tex]$\$[/tex]70[tex]$ & $[/tex]\[tex]$1$[/tex] \\
\hline Savings & [tex]$\$[/tex]400[tex]$ & $[/tex]\[tex]$600$[/tex] & [tex]$\$[/tex]500[tex]$ & $[/tex]\[tex]$2$[/tex] \\
\hline Entertainment & [tex]$\$[/tex]220[tex]$ & $[/tex]\[tex]$320$[/tex] & [tex]$\$[/tex]125[tex]$ & $[/tex]\[tex]$2$[/tex] \\
\hline Clothing & [tex]$\$[/tex]130[tex]$ & $[/tex]\[tex]$0$[/tex] & [tex]$\$[/tex]120[tex]$ & $[/tex]\[tex]$150$[/tex] \\
\hline Net Income & [tex]$\$[/tex]40[tex]$ & $[/tex]\[tex]$20$[/tex] & [tex]$\$[/tex]75[tex]$ & $[/tex]\[tex]$0$[/tex] \\
\hline
\end{tabular}

a. Budget A
b. Budget B
c. Budget C
d. Budget D

Sagot :

GinnyAnswer
To determine which budget would help Robert most quickly achieve his financial goal of saving \[tex]$5000 to start his own landscaping company, let’s compare the savings component of each budget. The budget with the highest savings will be the one that allows him to save the most money each month, thus achieving his goal faster. Here are the budgets listed by their monthly savings amounts: 1. Budget A: \$[/tex]400 per month
2. Budget B: \[tex]$600 per month 3. Budget C: \$[/tex]500 per month
4. Budget D: \[tex]$2 per month By comparing these savings amounts, we observe that: - Budget A allows Robert to save \$[/tex]400 per month.
- Budget B allows Robert to save \[tex]$600 per month. - Budget C allows Robert to save \$[/tex]500 per month.
- Budget D allows Robert to save \[tex]$2 per month. Among these options, Budget B has the highest monthly savings at \$[/tex]600.

Since Budget B allows Robert to save the most money each month, it is the budget that will help him most quickly achieve his financial goal of saving \$5000 to buy his own equipment. Therefore, the optimal budget for Robert is Budget B.
We appreciate your visit. Our platform is always here to offer accurate and reliable answers. Return anytime. We appreciate your time. Please revisit us for more reliable answers to any questions you may have. Stay curious and keep coming back to Westonci.ca for answers to all your burning questions.