QuestionAugust 3, 2025

Bob Smith budgeted 210 for food for the month of July. He spent 227 on food during July. Does he have a budget surplus or deficit?What is the amount? deficit surplus

Bob Smith budgeted 210 for food for the month of July. He spent 227 on food during July. Does he have a budget surplus or deficit?What is the amount? deficit surplus
Bob Smith budgeted 210 for food for the month of July. He spent 227 on food
during July. Does he have a budget surplus or deficit?What is the amount?
deficit
surplus

Solution
3.4(348 votes)

Answer

Deficit of \17. Explanation 1. Calculate the difference Subtract the budgeted amount from the actual spending: 227 - 210. 2. Determine surplus or deficit If the result is positive, it's a deficit; if negative, it's a surplus.

Explanation

1. Calculate the difference<br /> Subtract the budgeted amount from the actual spending: $227 - 210$.<br /><br />2. Determine surplus or deficit<br /> If the result is positive, it's a deficit; if negative, it's a surplus.
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