Monthly budget budgeted amount actual amount income wages $1000 $850 expenses car - gas, insurance food & personal items cell phone college savings recreation clothes $300 $200 $75 $200 $75 $85 $300 $220 $75 $200 $80 $60 net income $65 what is the actual net income for the month? what, if any, changes could have been made to the actual amounts this month to keep the actual net income at a positive value?

hreryryrranswer:

step-by-step explanation:

yes, gavin is right.

step-by-step explanation:

gavin is correct. 

this problem is about converting 9% per year to how many percent per quarter. the rate is still the same. it only differed in the time period. so, through dimensional analysis,

9% per year  × (1 year / 4 quarters) = 2.25% per quarter

if he was asked to convert 9% per year to how many percent per quarter  compounded quarterly, then you will not simply divide by four. this is because compounding is not linear.

hope this , have a good day. c;