1. According to Evan's Income and Expense Statement, he has a net loss. What could he do to change

his net loss to a net gain?

2. Why do you think Evan's mental calculations were not accurate?

3. Using your answer to question 2, what does this say about thinking about your finances versus

writing the information down?

Question

Tyrone Pham

Business

26 May, 22:32

1. According to Evan's Income and Expense Statement, he has a net loss. What could he do to change

his net loss to a net gain?

2. Why do you think Evan's mental calculations were not accurate?

3. Using your answer to question 2, what does this say about thinking about your finances versus

writing the information down?

+4

Answers (1)

Know the Answer?

Booth · Answer 1

1. Recalculate expenses ensuring only current period expenses are included.

2. He does not have all information regarding the expenses.

3. Writing expenses reduces human error