Spending and Budgeting

Front

Which of these boxes of cereal has the LOWEST unit price? Cereal A, which costs $3.20 for a 16 oz. box. Cereal B, which costs $5.00 for a 32 oz. box. Cereal C, which costs $2.50 for a 10 oz. box. Cereal D, which costs $4.50 for an 8 oz box.

Back

Cereal B, which costs $5.00 for a 32 oz. box.

Front

According to a rule of thumb, rent shouldn't take up more than ___ % of your take-home pay.

Back

25-30%

Front

earnings based on a percentage of sales made

Back

commission

Front

John wants to buy a car and is trying to decide whether he wants to accept a pre-qualified auto loan from his credit union or if he wants to directly finance the car from the dealership. What should he do?

Back

Compare the two offers and choose the one with the longest term so that he has more time to pay it off.

Front

Money owed to the business is known as

Back

accounts receivable.

Front

A _______________ expense is one that remains the same each month.

Back

fixed

Front

The computer software that can most effectively help us plan our income and spending is: PowerPoint, Google Sheets, Acrobat, Word

Back

Google Sheets

Front

Budget

Back

Is a spending plan for managing your money that includes income and expenses

Front

When return on capital is positive, the company

Back

growing in value.

Front

What type of expense does the following statement best match? Expense for things you don't need

Back

Discretionary