No, this is not an example of a balanced budget. Here's why:

1. Clark started with $500.
2. He spent $100 on pet food, $125 on groceries, and $250 on repainting his living room.
3. If you add up all his expenses, it comes to $100 + $125 + $250 = $475.
4. Clark has spent less than his initial amount, so he has some money left over.

A balanced budget means that income equals expenses. In this case, Clark's expenses are less than his income, so his budget is not balanced.

Question

No, this is not an example of a balanced budget. Here's why:

1. Clark started with $500.
2. He spent $100 on pet food, $125 on groceries, and $250 on repainting his living room.
3. If you add up all his expenses, it comes to $100 + $125 + $250 = $475.
4. Clark has spent less than his initial amount, so he has some money left over.

A balanced budget means that income equals expenses. In this case, Clark's expenses are less than his income, so his budget is not balanced.

Knowee AI · Accepted Answer

No, this is not an example of a balanced budget. Here's why:

1. Clark started with $500.
2. He spent $100 on pet food, $125 on groceries, and $250 on repainting his living room.
3. If you add up all his expenses, it comes to $100 + $125 + $250 = $475.
4. Clark has spent less than his initial amount, so he has some money left over.

A balanced budget means that income equals expenses. In this case, Clark's expenses are less than his income, so his budget is not balanced.

rk has $500. Clark spent $100 buying food for his pets, $125 to buy groceries, and $250 to repaint his living room. Is this an example of a balanced budget?

Question

Is this an example of a balanced budget?

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