Jasmin Budgets the Following Each Month: Rent, $400; Utilities, $140; $\frac { 1 } { 4 }$

question 3

Multiple Choice

Jasmin budgets the following each month: rent, $400; utilities, $140; food, $320; clothes, $110; car payment and insurance, $470; gasoline, $60; savings, $20; other $80. What percent of her total monthly budget does she spend on car payment and insurance?

• A) 36 \(\frac { 1 } { 4 }\) %
• B) 25%
• C) 29 \(\frac { 3 } { 8 }\) %
• D) 6 \(\frac { 4 } { 5 }\) %
• E) 18%

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Definitions:

Business Activities

Business activities encompass all actions a company engages in, such as buying, selling, manufacturing, and marketing, aimed at generating profits.

General Corporate Costs

Expenses incurred by a company that are necessary for its overall administration and management rather than for specific projects or divisions.

Segments

Distinct components of a company that can be evaluated independently for purposes of financial reporting, often characterized by differing products or services.

Disaggregated Financial Information

Financial data that is broken down into smaller units such as revenues by geographical locations, segments, or product lines, often to provide a clearer insight into the financial health of a company.