Exam 11: Prepare a Budget

Construct a bar graph using the information below on transportation-related costs.

The Yamamotos use natural gas to heat their home.Last year they paid $14.50 per thousand cubic feet (Mcf).The price increased 20% this year,so they are now paying $17.4 per Mcf.

Jane wants to keep her debt-to-income ratio at the recommended 15% or lower.The sum of Jane's assets is $12,000 and the sum of her liabilities is $2,300,so she easily falls within the recommended amount.

Last year,Maria spent $2,388 for natural gas.This year,she decided to use balance billing.What will her monthly payment be this year?

Manuel works for the water company as a meter reader.The meter below is the Jansen's water meter.What is the reading,in CCF,on the meter shown? ​

Which is NOT an example of a budget?

Draco recently purchased a new Surface Book for $2,300.The Surface Book draws 24W of electricity,and Draco leaves it on except when sleeping (approximately 16 hours per day).His current electric costs are $0.1233/kWh.Draco purchased a 4-year replacement plan for $80 per year.What is the average yearly cost to own and operate this computer if he intends to use it for the next 4 years?

Xavier's monthly assets and liabilities are in the table below.What is Xavier's debt-to-income ratio?

The Potters received a phone call from New Energy informing them of their new electric rates of $0.048 per kWh.That sounded good,but Harry wanted to see how that compared to his current rate before making a decision.After looking at his bills for the past year,it was obvious that the Potters used 15,719 kWh during the year and paid $828.38 in electric charges.What is the net change percentage between their current rate and the rate being offered? Should the Potters take advantage of the offer from New Energy?

A single woman uses an online cash flow calculator which reveals a cash flow of -203.What does this mean?

Ralph has budgeted $175 for entertainment.He uses this money to go out on dates for $35 or to go out with his friends for $15.Which budget line equation represents the situation?

Katelyn is shopping for a cellular phone service.Trenton Bell charges a monthly fee of $40 for up to 500 minutes.For every minute over 500,it charges an additional $0.18.Write a piecewise function to represent the cost of this plan.

Use the pie chart of health-related and personal care items.If the Lee family has $800 per month budgeted for heath-related items,how much do they have budgeted for each of the four categories below? ​

The Grangers manage their money by using a monthly budget.Mr.Granger's semi-monthly salary is $2,800,and Mrs.Granger's biweekly salary is $4,150.Mr.Granger's net income of approximately 64% of his salary is deposited in their savings account each paycheck,whereas Mrs.Granger sees 66% of her salary deposited into their savings account.How much money should the Grangers transfer from their savings to checking to cover their monthly expenses if their goal is to leave 12% of budgeted income in savings and an additional 36% of budgeted income to cover non-monthly expenses (i.e. ,water,insurance,property taxes,vacations,Christmas,charitable giving,home maintenance,etc. )?

Net worth is the difference between a person's assets and their liabilities.Net worth can be a positive number or a negative number.

Andy has a 40-hour per week job and leaves a certain radio on all day while he works.This radio requires 125 watts of electricity.At a price per kilowatt-hour of $0.10,it costs $0.10 to play the radio all day.