This business/management problem is solved step by step below, with detailed explanations to help you understand the method and arrive at the correct answer.
ScanSolve AI Answer
Here is the budget for Ms. Khasu for August 2023: Budget for Ms. Khasu - August 2023 Step 1: List all sources of income and calculate the total income. Disability grant: R2 190 Child support grant: R550 Rent income: R1 000 Total Income = R2190 + R550 + R1000 = R3740 Total Income: R3740 Step 2: List all expenses and calculate the total expenses. Transport cost: R470 Groceries: R4 230 Airtime and data: R330 Electricity and water: R400 Toiletries: R1 190 Funeral insurance: R200 Cleaning materials: R180 Health insurance: R260 Total Expenses = R470 + R4230 + R330 + R400 + R1190 + R200 + R180 + R260 = R7260 Total Expenses: R7260 Step 3: Calculate the net balance (Total Income - Total Expenses). Net Balance = Total Income - Total Expenses Net Balance = R3740 - R7260 = -R3520 Net Balance: -R3520 (This indicates a deficit of R3520) That's 2 down. 3 left today — send the next one.