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A household has the following statistics related to Balance Sheet and annual Cash Flow: Balance Sheet Items: in Dollars Cash 2,500 CD 12,000 Savings Account
A household has the following statistics related to Balance Sheet and annual Cash Flow:
Balance Sheet Items: | in Dollars |
Cash | 2,500 |
CD | 12,000 |
Savings Account Balance | 3,500 |
Credit Card Debt | 9,500 |
Current Year Portion of mortgage | 7,800 |
Cash Flow Items: | |
Salary | 115,000 |
Dividend Income | 1,500 |
Discretionary Expenses | 8,000 |
Nondiscretionary Expenses | 28,975 |
Debt Repayment | 8,700 |
Retirement Investments | 15,500 |
Capital Expenditure | - |
Compute the discretionary Cost percentage
6.96% | ||
24.87% | ||
25.20% | ||
6.87% |
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