Get the answers you need at Westonci.ca, where our expert community is always ready to help with accurate information. Explore thousands of questions and answers from a knowledgeable community of experts on our user-friendly platform. Discover in-depth answers to your questions from a wide network of professionals on our user-friendly Q&A 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.
We appreciate your time on our site. Don't hesitate to return whenever you have more questions or need further clarification. We appreciate your time. Please revisit us for more reliable answers to any questions you may have. We're glad you visited Westonci.ca. Return anytime for updated answers from our knowledgeable team.