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1. Carl is a student at a college. He has a part-time job with take-home pay of $525 every two weeks. He has received a scholarship of $4100 this year. This table shows his expenses. Expense Amount Tuition $3700/year Rent and $650/month utilities Food $70/week Cell phone $40/month Clothing $90/2 weeks Miscellaneous $140/2 weeks a) Use the data provided to design a monthly budget for Carl. Show your calculations and indicate whether each expense or income is fixed or variable. b) Is Carl earning enough to cover his expenses? If not, suggest how he could balance the budget.

1. Carl is a student at a college. He has a part-time job with take-home pay of $525 every two weeks. He has received a scholarship of $4100 this year. This table shows his expenses. Expense Amount Tuition $3700/year Rent and $650/month utilities Food $70/week Cell phone $40/month Clothing $90/2 weeks Miscellaneous $140/2 weeks a) Use the data provided to design a monthly budget for Carl. Show your calculations and indicate whether each expense or income is fixed or variable. b) Is Carl earning enough to cover his expenses? If not, suggest how he could balance the budget.

Advanced Engineering Mathematics
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
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1. Carl is a student at a college. He has a part-time job with take-home pay of $525 every two weeks. He has received a scholarship of $4100 this year. This table shows his expenses. Expense Amount Tuition $3700/year Rent and $650/month utilities Food $70/week Cell phone $40/month Clothing $90/2 weeks Miscellaneous $140/2 weeks Use the data provided to design a monthly budget for Carl. Show your calculations and a) indicate whether each expense or income is fixed or variable. b) Is Carl earning enough to cover his expenses? If not, suggest how he could balance the budget.
Transcribed Image Text:1. Carl is a student at a college. He has a part-time job with take-home pay of $525 every two weeks. He has received a scholarship of $4100 this year. This table shows his expenses. Expense Amount Tuition $3700/year Rent and $650/month utilities Food $70/week Cell phone $40/month Clothing $90/2 weeks Miscellaneous $140/2 weeks Use the data provided to design a monthly budget for Carl. Show your calculations and a) indicate whether each expense or income is fixed or variable. b) Is Carl earning enough to cover his expenses? If not, suggest how he could balance the budget.
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