If unnecessary expenses have been removed from your budget what can you do if your expenses still exceed your income?

If unnecessary expenses have been removed from your budget what can you do if your expenses still exceed your income?
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1 Answer

Answer :

Work overtime or get another job.
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Last Answer : Answer: Rs. 13,200

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Last Answer : (C) At breakeven point, NSR is more than the total production cost

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Last Answer : c. There may be a section for operating assets.

Indicate which one of the following would appear on the income statement of both a merchandising company and a service company. a. Gross profit b. Operating expenses c. Sales revenues d. Cost of goods sold

Description : Indicate which one of the following would appear on the income statement of both a merchandising company and a service company. a. Gross profit b. Operating expenses c. Sales revenues d. Cost of goods sold

Last Answer : b. Operating expenses

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Last Answer : d. sales discounts are included in the calculation of gross profit.

Which of the following expressions is incorrect? a. Gross profit – operating expenses = operating income b. Sales – cost of goods sold – operating expenses = operating income c. Operating income + operating expenses = gross profit d. Operating expenses – cost of goods sold = gross profit

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Last Answer : d. Operating expenses – cost of goods sold = gross profit

After gross profit is calculated, operating expenses are deducted to determine a. gross margin. b. operating income. c. gross profit on sales. d. net margin.

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Last Answer : b. operating income.

Income from operations is gross profit less a. administrative expenses. b. operating expenses. c. other expenses and losses. d. selling expenses.

Description : Income from operations is gross profit less a. administrative expenses. b. operating expenses. c. other expenses and losses. d. selling expenses.

Last Answer : b. operating expenses.

ncome Summary has a credit balance of $12,000 in J. Sawyer Co. after closing revenues and expenses. The entry to close Income Summary is a. credit Income Summary $12,000, debit Retained Earnings $12,000. b. credit Income Summary $12,000, debit Dividends $12,000. c. debit Income Summary $12,000, credit Dividends $12,000. d. debit Income Summary $12,000, credit Retained Earnings $12,000.

Description : ncome Summary has a credit balance of $12,000 in J. Sawyer Co. after closing revenues and expenses. The entry to close Income Summary is a. credit Income Summary $12,000, debit Retained Earnings ... 000, credit Dividends $12,000. d. debit Income Summary $12,000, credit Retained Earnings $12,000.

Last Answer : d. debit Income Summary $12,000, credit Retained Earnings $12,000.

Which of the following is a true statement about closing the books of a corporation? a. Expenses are closed to the Expense Summary account. b. Only revenues are closed to the Income Summary account. c. Revenues and expenses are closed to the Income Summary account. d. Revenues, expenses, and the dividends account are closed to the Income Summary account.

Description : Which of the following is a true statement about closing the books of a corporation? a. Expenses are closed to the Expense Summary account. b. Only revenues are closed to the Income Summary ... account. d. Revenues, expenses, and the dividends account are closed to the Income Summary account.

Last Answer : c. Revenues and expenses are closed to the Income Summary account.

Each of the following accounts is closed to Income Summary except a. Expenses. b. Dividends. c. Revenues. d. All of these are closed to Income Summary.

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Last Answer : b. Dividends.

The rule debit all expenses and losses and credit all income and gains relates to A] Personal account B] Real account C] Nominal accounts D] All

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Last Answer : C] Nominal accounts

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The monthly income of M and N is in the ratio 5:3 and their expenses in the ratio 4:2. Both of them save Rs. 12000 each. Find the monthly income of M A) 68000 B) 72000 C) 60000 D) 64000

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Last Answer : Answer: C)  Income ratio of M=5x  Income ratio of N=3x  Savings of M=12000  Savings of N=12000  Expense of M=5x-12000  Expense of N =3x-12000  Expense order in ration 4:2  5x-12000:3x-12000=4:2  X=12000  M’s income =5x=5*12000  =60000

Supriya invests 35% of her monthly salary in insurance policies. She spends 45% of her monthly salary in shopping and on household expenses. She saves the remaining amount of `25,750. What is Supriya's monthly income? a) 128750 b) 160050 c) 205200 d) 263400 e) 391800

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Last Answer : Answer: A  Percentage savings of Supriya = 100 – (35 + 45)  = 20%  Let her monthly income be x  x X 20 /100 = 25750  x = 25750 × 100/20  x = 128750

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