Welcome to Westonci.ca, the ultimate question and answer platform. Get expert answers to your questions quickly and accurately. Join our platform to connect with experts ready to provide precise answers to your questions in different areas. Get immediate and reliable solutions to your questions from a community of experienced professionals on our platform.
Sagot :
Let's analyze Dan's budget and spending step-by-step.
1. Collecting Budget and Spending Data:
- Internet: Budgeted \[tex]$535, Spent \$[/tex]535
- Food: Budgeted \[tex]$100, Spent \$[/tex]595
- Rent: Budgeted \[tex]$500, Spent \$[/tex]500
- Discretionary spending: Budgeted \[tex]$100, Spent \$[/tex]140
2. Calculating Total Budgeted and Total Spent Amounts:
- Total Amount Budgeted:
[tex]\[ 535 \, (\text{internet}) + 100 \, (\text{food}) + 500 \, (\text{rent}) + 100 \, (\text{discretionary}) = 1235 \][/tex]
- Total Amount Spent:
[tex]\[ 535 \, (\text{internet}) + 595 \, (\text{food}) + 500 \, (\text{rent}) + 140 \, (\text{discretionary}) = 1770 \][/tex]
3. Income:
- Dan's income is \[tex]$5750. 4. Comparison Against Budget: - Compare total spent (\$[/tex]1770) with total budgeted (\[tex]$1235): \[ 1770 > 1235 \] Dan spent more than he had budgeted for. 5. Comparison Against Income: - Compare total spent (\$[/tex]1770) with income (\$5750):
[tex]\[ 1770 <= 5750 \][/tex]
Dan spent less than his income.
Thus, Dan exceeded his budget but did not exceed his income. Based on these observations:
- Dan did not stay within his budget.
- He was able to cover his extra expenses using his income, indicating he possibly used his savings.
Therefore, the correct answer is: Yes, Dan used his savings to cover extra expenses.
1. Collecting Budget and Spending Data:
- Internet: Budgeted \[tex]$535, Spent \$[/tex]535
- Food: Budgeted \[tex]$100, Spent \$[/tex]595
- Rent: Budgeted \[tex]$500, Spent \$[/tex]500
- Discretionary spending: Budgeted \[tex]$100, Spent \$[/tex]140
2. Calculating Total Budgeted and Total Spent Amounts:
- Total Amount Budgeted:
[tex]\[ 535 \, (\text{internet}) + 100 \, (\text{food}) + 500 \, (\text{rent}) + 100 \, (\text{discretionary}) = 1235 \][/tex]
- Total Amount Spent:
[tex]\[ 535 \, (\text{internet}) + 595 \, (\text{food}) + 500 \, (\text{rent}) + 140 \, (\text{discretionary}) = 1770 \][/tex]
3. Income:
- Dan's income is \[tex]$5750. 4. Comparison Against Budget: - Compare total spent (\$[/tex]1770) with total budgeted (\[tex]$1235): \[ 1770 > 1235 \] Dan spent more than he had budgeted for. 5. Comparison Against Income: - Compare total spent (\$[/tex]1770) with income (\$5750):
[tex]\[ 1770 <= 5750 \][/tex]
Dan spent less than his income.
Thus, Dan exceeded his budget but did not exceed his income. Based on these observations:
- Dan did not stay within his budget.
- He was able to cover his extra expenses using his income, indicating he possibly used his savings.
Therefore, the correct answer is: Yes, Dan used his savings to cover extra expenses.
Thanks for using our platform. We're always here to provide accurate and up-to-date answers to all your queries. We appreciate your time. Please come back anytime for the latest information and answers to your questions. Thank you for choosing Westonci.ca as your information source. We look forward to your next visit.