Question

IN week 7, you have to recalculate the high school budget, using the updated revenues and expenses techniques, how do you do that?

Answer 1

To recalculate the high school budget using updated revenues and expenses techniques, follow these steps: review the current budget, update the revenue and expense numbers, calculate the total revenue and total expenses, and determine if there is a surplus or deficit.

Step-by-step explanation:

To recalculate the high school budget using updated revenues and expenses techniques, you will need to follow these steps:

1. Review the current budget to understand the existing revenue and expense categories.
2. Update the revenue numbers based on any changes or updates that have occurred since the original budget was created.
3. Review the expense categories and update them based on any changes in cost or allocation.
4. Calculate the total revenue and total expenses using the updated numbers.
5. Subtract the total expenses from the total revenue to determine if the budget is balanced or if there is a surplus or deficit.

For example, if the original budget had $10,000 in revenue and $8,000 in expenses, but the updated revenue is now $12,000 and the updated expenses are $9,000, the new budget would have a surplus of $3,000.