5.NBT.7

Front

What is the process to calculate the remaining budget after expenses?

Back

To calculate the remaining budget, subtract the total expenses from the initial budget. Formula: Remaining Budget = Initial Budget - Total Expenses.

Front

How do you add multiple decimal numbers together?

Back

Align the decimal points and add each column starting from the right, carrying over as needed.

Front

What is the significance of understanding how to manage a budget?

Back

Managing a budget helps individuals track their spending, make informed financial decisions, and avoid overspending.

Front

What is the total time calculation for multiple activities with different durations?

Back

To find the total time, add the durations of each activity together, ensuring to align decimal points.

Front

How do you determine the total cost of multiple items with the same price?

Back

Multiply the price of one item by the number of items. Formula: Total Cost = Price per Item x Number of Items.

Front

What is the importance of rounding in financial calculations?

Back

Rounding helps simplify numbers for easier calculations and can prevent errors in budgeting and spending.

Front

How can you verify if a total expense is correct?

Back

To verify total expenses, add each individual expense and compare the sum to the reported total.

Front

What is the method to calculate the cost of an item when given the total and other item costs?

Back

Subtract the total of known item costs from the overall total to find the cost of the unknown item.

Front

What is the concept of 'exactly' in financial terms?

Back

'Exactly' refers to a precise amount without any rounding or estimation, indicating the exact figure remaining or spent.

Front

How do you convert a total amount into a budget after spending?

Back

To convert a total amount into a budget after spending, subtract the total spent from the initial amount to find the remaining budget.