Question

How do you calculate the Monthly Share of Annual Expenses? What would they be if the annual expenses were $27,987? (Show Your Work)

Answer 1

$2332.25 per month

Explanation:

1) The monthly share of annual expenses can be calculated from the annual expenses. Since there are 12 months in a year, the monthly share of annual expenses is gotten by dividing the annual expenses by the number of months in a year.

2) The monthly share of annual expenses is given by:

Monthly share of annual expenses = Annual expenses / 12 months

Monthly share of annual expenses = $27987 / 12 months = $2332.25 per month