Math Flash Cards

Front 1

Which of the following items did Joe include in his fixed expenses?

Back 1

rent
utilities
food

Front 2

Expenses that Joe does not pay monthly include:

Back 2

new clothes
taxes

Front 3

The amount that went to savings in month 2 was

Back 3

$180

Front 4

The average phone bill was?

Back 4

61.67

Front 5

The total amount paid for electricity during the three month period was?

Back 5

622.21

Front 6

In what month was a repair bill paid?

Back 6

month 2

Front 7

According to this lesson a family can plan a budget by dividing their anticipated expenditures into several major categories.

Back 7

true

Front 8

Saving regularly or creating a specific category for "emergencies" are ways a family can plan for unexpected expenses.

Back 8

true

Front 9

What percent of the total budget was used for electric, phone, and water?

Back 9

14

Front 10

What percent of the total budget was used for credit card (to the nearest tenth)?

Back 10

8.8

Front 11

What percent of Sally's salary does she budget for donations?

Back 11

10

Front 12

If these are all Sally's expenses, what is her net cash flow?

Back 12

183

Front 13

What is the dollar amount of the Harris family's annual housing budget?

Back 13

11,100

Front 14

The Harris family's budget categories add up to exactly 100 percent.

Back 14

false

Front 15

Define "the business cycle."

Back 15

The term business cycle is economy-wide fluctuations in production activity over several months or years.

Front 16

A budget is a planning tool.

Back 16

true

Front 17

If a business experiences wide fluctuations, it is wise to make range forecasts.

Back 17

short

Front 18

Generally speaking, using a year's history of cash receipts and disbursements will be a satisfactory basis for projecting the future.

Back 18

full