Sammy makes $2,362/month as a baseball coach. he is making a budget, and has created the following chart in order to divide his monthly paycheck into his various accounts: expense type frequency account monthly amount items essential (fixed) monthly checking $1,292 rent, car, insurance essential (variable) monthly checking $420 basic groceries, telephone, electricity, cable tv, batting practice non-essential monthly cash $260 snack items, restaurants, gifts, movies other (predictable) annual savings $130 health exams, clothing, food, baseball coach magazine other (unpredictable) annual emergency savings $210 non-insured healthcare, repairs, and income replacement other (long-term) 5 years vacation savings $50 vacation total $2,362 sammy makes monthly deposits from each paycheck into the various accounts, and then spends from those accounts only for their defined purposes. he knows that it is not a perfect system, but thinks that it will to assure coverage for future expenses. using his essential expenses as a guideline, how much will sammy need to save if he wants to have 3 times the amount of his living expenses in the bank as part of his emergency savings. how long will it take him to achieve his goal? a. $1,712; approximately 8 months b. $5,136; approximately 24 months c. $6,486; approximately 30 months d. $2,162; approximately 6 months

The correct answer is B. $5,136; approximately 24 months.

Step-by-step explanation:

1. Let's review the information given to us for solving the question:

Sammy's earnings per month = US$ 2,362

Fixed essential expenses per month = US$ 1,292

Variable essential expenses per month = US$ 420

Non-essential expenses per month = US$ 260

Predictable savings per month = US$ 130

Unpredictable emergency savings = US$ 210

Long-term savings = US$ 50

Total essential expenses = 1,292 + 420 = 1,712

Total expenses = 1,282 + 420 +260 = 1,972

Total savings = 130 + 210 + 50 = 390

2. Using his essential expenses as a guideline, how much will Sammy need to save if he wants to have 3 times the amount of his living expenses in the bank as part of his emergency savings. How long will it take him to achieve his goal?

For calculating how much is 3 times Sammy's essential expenses, we make this multiplication:

(1,292 + 420) * 3 = 5,136

And now for calculating how long will it take Sammy to save US$ 5,136 as part of his emergency savings (US$ 210 per month), we make this division:

5,136/210 = 24.46 months

The correct answer is B. $5,136; approximately 24 months.

B

Step-by-step explanation:

0.16 or 16%

step-by-step explanation:

lets take a coin for example.

if you toss it twice, it has a 1/4 chance of landing on heads both times because 1/2 * 1/2 is 1/4.

with the cards, the chance of picking dog is 0.4. having two people pick one is like picking a card twice in a row. so 0.4 * 0.4 is 0.16, or 16%

answer: b.36 feet

step-by-step explanation: