heres mias profit for the month. decide how much mia should put into her savings account.\njanuary accounts…

heres mias profit for the month. decide how much mia should put into her savings account.\njanuary accounts year 2\nrevenue\ndog food $3,500\ncat food $2,100\nbird food $1,950\npet treats $1,200\npet supplies $2,750\ntotal $11,500\nfixed expenses\nrent $2,200\nsalaries $2,100\nutilities $1,100\nproduct stock $4,200\ntotal $9,600\nvariable expenses\nbird food $300\nbird food sign $100\ntotal $400\nprofit/loss : +$1,500\nhow much should go to savings account?\n$0\nsubmit

heres mias profit for the month. decide how much mia should put into her savings account.\njanuary accounts year 2\nrevenue\ndog food $3,500\ncat food $2,100\nbird food $1,950\npet treats $1,200\npet supplies $2,750\ntotal $11,500\nfixed expenses\nrent $2,200\nsalaries $2,100\nutilities $1,100\nproduct stock $4,200\ntotal $9,600\nvariable expenses\nbird food $300\nbird food sign $100\ntotal $400\nprofit/loss : +$1,500\nhow much should go to savings account?\n$0\nsubmit

Answer

Explanation:

Step1: Identify available profit

The profit for the month is $1,500. This is the amount from which savings can be made.

Step2: Consider savings - no other criteria given

Since no other financial - planning criteria (like future expenses, debt payments etc.) are given, a common - sense approach is to save as much as possible while still having some money for unforeseen circumstances. A reasonable amount could be a percentage of the profit. Let's assume a conservative 50% savings rate. $1500\times0.5 = 750$

Answer:

$750$