Financial Records and Balancing Budgets

Angela opened a bank account with $200. The financial record shows the two debits Angela made in a day. Based on Angela's financial record, what was her available balance after the fuel purchase?

(a)  

Tags

CCSS.7.NS.A.3

Which of the following is NOT a benefit of keeping financial records?

• Financial records can be time-consuming. Collection of financial data and correcting inaccuracies can take hours or even days.

• Financial records can help a person know their available balance in a checking or savings account.

• Financial records can help a person budget their money.

• Financial records can help people track their deposits and debits each month.

So far this month, Penelope has the expenses and income shown on the chart. Penelope wants to buy some art supplies but also have a balanced budget. Based on Penelope's current budget, what is the greatest amount of money she can spend on art supplies?

(a)  

Tags

CCSS.7.EE.B.3

The list shows the ways that DeAnna earns money.

-During the weekends DeAnna works as a pet sitter.

-She works full-time at a coffee shop.

-She makes crafts and sells them online.

-When she has extra time, she delivers groceries to people.

DeAnna keeps track of her earnings in her financial records booklet. Which would best describe DeAnna's earnings?

• Expenses

• 
  Transfers

• Debits

• Income

Tags

CCSS.3.OA.D.9

Rebecca's monthly budget is shown. She receives two paychecks per month. Rebecca's budget is balanced every month. How much does Rebecca pay for utilities each month?

(a)  

Tags

CCSS.7.EE.B.3

The chart shows Vicky's March budget.

Which statement about Vicky's March budget is true?

• Vicky's March expenses exceed her income by $15.

• Vicky's March income exceeds her expenses by $20.

• Vicky's March budget is balanced.

• Vicky's March expenses exceed her income by $5.

Tags

CCSS.7.EE.B.3

Elizabeth has a checking account. At the start of March, Elizabeth had a balance of $750. The financial record shows Elizabeth's deposits and debits for five days. Based on the financial record, what is Elizabeth's available balance?

(a)  

Tags

CCSS.7.NS.A.3

Arnold made a list of his expenses this week. Arnold's weekly net income is $450. What can Arnold do to have a balance budget this week?

• Arnold can spend an additional $10 on dining out.

• Arnold can spend $15 less on gas.

• Arnold can spend $25 more on car repairs.

• Arnold can spend $20 less on dining out.

Tags

CCSS.7.EE.B.3

Jamil made repairs to his car. The list shows the items he purchased to make the car repair. Jamil keeps a financial record of all his transactions - in which category should he place the items he purchased for his car?

• Deposits

• Transfers

• Debits

• Available balance

Tags

CCSS.6.NS.B.3

Evelyn keeps track of her debits and deposits each month. A portion of her financial record for the month of August is shown. What was Evelyn's available balance after purchasing groceries?

(a)  

Tags

CCSS.7.NS.A.1C