Question

What would your personal income statement look like today( no need to show your personal finances,...

What would your personal income statement look like today( no need to show your personal finances, just reflect on them)? Are you operating "at a profit" or "at a loss"?

What steps could you take to reduce your "operating expenses"?

0 0
Add a comment Improve this question Transcribed image text
Answer #1

1. My personal income statement is operating at a mild surplus but it is projected to go down as my expenses are shooting upwards.

2.My financial statement will look like a bad management of my funds as I didn't discount for growing expenses and didn't prepare for adverse situations.

3.Steps I'm taking to reduce my operating expenses are-

A. Switching to public transportation system instead of private vehicles

B. Cutting over unnecessary spending over pubs and parties

C. Doing part time work in order to inflate my income.

Add a comment
Know the answer?
Add Answer to:
What would your personal income statement look like today( no need to show your personal finances,...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT