Question

Expense AmountRent payment $953.20/monthAuto payment $165.87/monthTelephone $56.98/monthAuto insurance $714.36/six monthsOnce-a-week outing $35.00/weekusing the table what are your total monthly fixed expenses $________ /month

Answer 1

The total monthly expenses fixed is $1,316.05/month

Step-by-step explanation

Given that ;

The rent payment is $953.20/month

The auto payment is $165.87/month

The telephone payment is $56.98/month

The auto insurance payment is $714.36/six months

Once -a - week outing is $35.00/week

In the given data, the rent, auto, telephone are monthly expenses

since once-a-week outing is $35/week, then, we can calculate the amount spend in a month

There are 4 weeks in a month

Hence, the amount spend in a month is calculated below as

Once-a-week outing = 4 x 35

Once-a-week outing = $140/month

The next step is to find the fixed expenses per month

Fixed expenses per month = rent + auto + telephone + once-a-week outing

Fixed expenses per month = $953.20 + $165.87 + $56.98 + $140

Fixed expenses per month = $1,316.05

Hence, the total monthly expenses fixed is $1,316.05/month