Which process explains how to create a budget?

A. Add your monthly income amount, nondiscretionary expenditures, and discretionary expenditures together and then divide the total by your savings amount.
B. Begin by adding your monthly income to your savings amount and then subtract your nondiscretionary and discretionary expenditures until your remaining available cash flow is zero.
C. Begin with your monthly income and then subtract your nondiscretionary expenditures, followed by your discretionary expenditures, until your remaining available cash flow is zero.
D. Begin with your monthly income amount and then subtract your discretionary expenditures until your remaining available cash flow is zero.
E. Begin by adding all your nondiscretionary and discretionary expenditures and then divide that number by your monthly income.


Answer: C

Business

You might also like to view...

When making the current period's adjusting entry under the percentage of sales method, the balance in Allowance for Bad Debts is

a. doubled. b. ignored. c. divided in half and this amount is used for the adjustment. d. 30% of the amount to be used for the adjustment.

Business

What are the six main purposes of social media marketing strategies and tactics?

What will be an ideal response?

Business

The best managers establish very clear objectives and define the steps for their employees.

Answer the following statement true (T) or false (F)

Business

The primary origin of the American legal system is:

a. English law. b. French law. c. Spanish law. d. German law.

Business