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Sam and Suzy Sizeman must create a cash budget for the final three months of 2013 in order to guarantee they can pay for their expenses during that time. Because Sam and Suzy have been creating budgets for a while, they have been able to pinpoint precise percentages for the most of their financial outputs. These numbers are based on their take-home pay, which means that monthly utilities typically account for 5% of that sum. Their 2013 fourth-quarter budget may be created using the data in the following table.
What will the total cash balance be at the end of December 2013?
Select a large city in another state in which you might like to live. Search the Internet for apartments to rent in that city. Select a moderately priced apartment and print out or write down the description of it. Be sure to note the rent. Then find a similar apartment in a smaller town. What is the rent for this apartment? What can you conclude about the cost of Jiving between these two locations based on apartment rents?