Question

14. The Martins used records of their past expenditures to complete their budget

sheet for the upcoming new year. If their average monthly living expenses are
$912, their fixed monthly expenses averaged $1,457, and their annual expenses
are $3,078, what amount should they expect to spend monthly?

Answer 1

Expected monthly expenses = $2369

Given:

Average monthly living expenses = $912

Fixed monthly expenses = $1,457

Annual expenses = $3,078

Find:

Expected monthly expenses

Computation:

Expected monthly expenses = Average monthly living expenses + Fixed monthly expenses

Expected monthly expenses = $912 + $1457

Expected monthly expenses = $2369