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QUESTION 1 Celina Makau and her family wants to save money for a holiday to Cape Town in December. Celina eams R 1 2 0
QUESTION
Celina Makau and her family wants to save money for a holiday to Cape Town in December. Celina eams R a month and her husband, Zane. earns R a month. The family have to save R per month to ensure that they have sufficient money available to cover the expenses for the irip to Cape Town
Table : Income and Expenditure for the household for August
tableIncome,ExpensesCelina Salary,RZane Salary,RWater & electricity,,RRentRGroceriesRCar insurance,R Cell phone contract phonesRMedical Aid familyRSchool fees childrenBFuelREnterlainmentRCar instalment,ARTOTAL
Refer to the table above and answer the questions that follow.
Briefly explain the difference between fixed and variable expenses.
Determine the value of the total monthly income.
List TWO variable expenses.
How much does the family pay for the school fees for one child for the month?
Will the Makau family be able to save the expecied amount for a month for their holiday? Show all
calculations
Mention ONE way in which the family can save more money for their holiday.
The Makua family is not able to save enough money monthly to
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