User Account

All Pages

What is the average monthly amount Marvin can afford

Assignment Help Accounting Basics
Reference no: EM132542507

Question - Marvin used the Quantitative Reasoning Process to build a budget while he is going to college. He worked hard over the summer and saved $3,489.3 to live on during the next two semesters of school. Marvin will receive a scholarship each semester for $862.4. If he plans to use up all of his savings while at school, how much money can Marvin spend each month, on average, for things like groceries, entertainment, and miscellaneous items?

Assume two semesters equals 8 months total. Also assume Marvin has no other expenses than what he has listed here.

Scholarship for each Semester: $862.4

Tuition & Books Cost per Semester: $2,200

Housing Cost for a two-semester Contract: $900

If he has money left, what is the average monthly amount Marvin can afford to spend each month?

If he has overspent, what is the average monthly amount Marvin would be in debt each month?

Reference no: EM132542507

Questions Cloud

Find a website or youtube video : Find a website or YouTube video (or similar) that talks about density OR specific gravity and working with solving problems. (Even better if it relates to chemi
Descriptive of cimabue enthroned madonna and child : Descriptive comparison of Cimabue's Enthroned Madonna and Child, c. 1285, and Giotto's Ognissanti Madonna from c. 1305. How are these images similar?
How much will Nitin earn in a week : Nitin is paid a base salary of $200 per week and commission at the rate of 3% for sales over $5000, How much will Nitin earn in week in which his sales $20,000
Pros and cons of cochlear implantation : Develop a brief argument of the pros and cons of cochlear implantation for a child born deaf when
What is the average monthly amount Marvin can afford : Scholarship for each Semester: $862.4. If he has money left, what is the average monthly amount Marvin can afford to spend each month
Why does deep ecology and transcendentalism appeal to people : What is the difference in environmental values between Thoreau and Muir? why does deep ecology and transcendentalism appeal to people
What is the new ph : You create 50 mL of a 1.0M buffer with a pH of 2. You add 2 mL of a .45M HCl solution to the buffer you made, what is the new pH?
Naoh solution to the buffer you made : You create 200 mL of a 0.35M buffer with a pH of 4.00. You add 8.0 mL of a 0.75M NaOH solution to the buffer you made, what is the new pH?
What is the recognized gain or loss : What is the recognized gain or loss if he elects to build a smaller home and only uses $400,000 of the insurance proceeds to build the replacement home

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +91-977-207-8620

Phone: +91-977-207-8620

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd