write true or false in each blank.\n1. self - discipline is a key element in budgeting time or money.\n2. do…

write true or false in each blank.\n1. self - discipline is a key element in budgeting time or money.\n2. do not include savings in a financial budget; all money left over should be savings.\n3. trial and error are usually necessary to balance a budget.\n4. a christian should budget for tithe if he does not have too many bills.\n5. a time budget helps to make the best use of time.\nsolve the word problems. show all of your work.\n6. the marshall family budgeted 25% of their annual income of 36,900 for housing. how much did they budget for housing?\n7. jason parker spends an average of 3 hours each weekday on homework. what percent of each weekday (24 hours) is spent on homework? find the answer to a tenth of a percent.\n8. shelly ward finds that her proposed budget of $150 for school books is too low. she will need to increase the amount by 30%. how much does she need to budget for school books?\n9. mr. jaquith budgets $2,500 of his $25,000 salary for tithe. what percent of his income is budgeted for tithe?\n10. katy weaver budgeted $500 to buy a puppy. she spent only $350 on the puppy. what percent of the amount budgeted did she spend on the puppy?

write true or false in each blank.\n1. self - discipline is a key element in budgeting time or money.\n2. do not include savings in a financial budget; all money left over should be savings.\n3. trial and error are usually necessary to balance a budget.\n4. a christian should budget for tithe if he does not have too many bills.\n5. a time budget helps to make the best use of time.\nsolve the word problems. show all of your work.\n6. the marshall family budgeted 25% of their annual income of 36,900 for housing. how much did they budget for housing?\n7. jason parker spends an average of 3 hours each weekday on homework. what percent of each weekday (24 hours) is spent on homework? find the answer to a tenth of a percent.\n8. shelly ward finds that her proposed budget of $150 for school books is too low. she will need to increase the amount by 30%. how much does she need to budget for school books?\n9. mr. jaquith budgets $2,500 of his $25,000 salary for tithe. what percent of his income is budgeted for tithe?\n10. katy weaver budgeted $500 to buy a puppy. she spent only $350 on the puppy. what percent of the amount budgeted did she spend on the puppy?

Answer

Explanation:

Step1: Evaluate true - false statements

  1. Self - discipline helps in sticking to a budget, so "Self - discipline is a key element in budgeting time or money" is true.
  2. Savings should be included in a financial budget as an important category, so "Do not include savings in a financial budget; all money left over should be savings" is false.
  3. Adjusting income and expenses often requires trial - and - error to balance a budget, so "Trial and error are usually necessary to balance a budget" is true.
  4. Tithing is an important part of a Christian's financial plan regardless of bill amount, so "A Christian should budget for tithe if he does not have too many bills" is false.
  5. A time budget organizes activities, helping to use time effectively, so "A time budget helps to make the best use of time" is true.

Step2: Solve word problems

Problem 6

  1. Calculate housing budget:
    • The formula to find a percentage of a number is $P\times N$, where $P$ is the percentage as a decimal and $N$ is the number.
    • $P = 0.25$ (since $25%=0.25$) and $N = 36900$.
    • Housing budget $=0.25\times36900 = 9225$.

Problem 7

  1. Calculate percentage of time spent on homework:
    • The formula for percentage is $\frac{Part}{Whole}\times100%$.
    • The part is 3 hours (homework time) and the whole is 24 hours (a weekday).
    • $\frac{3}{24}\times100%=12.5%$.

Problem 8

  1. Increase budget for school books:
    • First, find the increase amount. The increase amount is $30%$ of $150$.
    • $30%$ as a decimal is $0.3$. So the increase amount is $0.3\times150 = 45$.
    • The new budget is $150 + 45=195$.

Problem 9

  1. Calculate percentage of income budgeted for tithe:
    • Use the formula $\frac{Part}{Whole}\times100%$.
    • The part is $2500$ (tithe amount) and the whole is $25000$ (salary).
    • $\frac{2500}{25000}\times100% = 10%$.

Problem 10

  1. Calculate percentage of budget spent on puppy:
    • Use the formula $\frac{Part}{Whole}\times100%$.
    • The part is $350$ (amount spent) and the whole is $500$ (budgeted amount).
    • $\frac{350}{500}\times100%=70%$.

Answer:

  1. True
  2. False
  3. True
  4. False
  5. True
  6. $9225$
  7. $12.5%$
  8. $195$
  9. $10%$
  10. $70%$