Answer :
### 1.1 Reference to the table above:
#### 1.1.1 Briefly explain the difference between fixed and variable expenses. (2)
Fixed expenses are those that remain constant each month. These expenses do not fluctuate with changes in consumption or production of goods or services. Examples include car instalments and rent.
Variable expenses, on the other hand, change from month to month depending on usage or consumption. Examples of variable expenses include entertainment and groceries.
#### 1.1.2 Determine the value of [tex]\(A\)[/tex], the total monthly income. (2)
First, identify the total expenses mentioned in the table:
- Total expenses listed as R25 075.
Next, analyze the individual expenses provided:
- Entertainment: R1 400,00
- Car instalment: R3 500,00
Sum these individual expenses to find the additional expenses:
[tex]\[ 1400 + 3500 = 4900 \][/tex]
To find the total monthly income, add the total expenses (R25 075) to the sum of the individual expenses (R4 900):
[tex]\[ \text{Total monthly income} = 25 075 + 4 900 = 29 975 \][/tex]
So, the total monthly income [tex]\(A\)[/tex] is [tex]\(R29 975\)[/tex].
#### 1.1.3 List TWO variable expenses. (2)
Variable expenses are those that change from month to month. Based on the given information, two variable expenses are:
1. Entertainment
2. Groceries
#### 1.1.4 How much does the family pay for the school fees for one child for the month? (4)
The information provided does not specify the amount the family pays for school fees for one child per month. Due to the lack of specific data regarding school fees in the table or the question, this cannot be determined from the given information.
#### 1.1.5 Will the Makau family be able to save the expected amount for a month for their holiday? Show all calculations.
The information given does not specify the expected amount that the Makau family aims to save for their holiday. Without knowing this expected savings amount, it is not possible to assess whether they will be able to save the expected amount. Hence, this cannot be determined from the given information.
#### 1.1.6 Mention ONE way in which the family can save more money for their holiday.
One way the family can save more money for their holiday is by reducing their entertainment expenses. For example, they could opt for more affordable or free entertainment options to cut down on this variable expense.
Another possible method is to reduce grocery bills. They could buy items in bulk for discounts or opt for less expensive brands, which can accumulate significant savings over time.
#### 1.1.1 Briefly explain the difference between fixed and variable expenses. (2)
Fixed expenses are those that remain constant each month. These expenses do not fluctuate with changes in consumption or production of goods or services. Examples include car instalments and rent.
Variable expenses, on the other hand, change from month to month depending on usage or consumption. Examples of variable expenses include entertainment and groceries.
#### 1.1.2 Determine the value of [tex]\(A\)[/tex], the total monthly income. (2)
First, identify the total expenses mentioned in the table:
- Total expenses listed as R25 075.
Next, analyze the individual expenses provided:
- Entertainment: R1 400,00
- Car instalment: R3 500,00
Sum these individual expenses to find the additional expenses:
[tex]\[ 1400 + 3500 = 4900 \][/tex]
To find the total monthly income, add the total expenses (R25 075) to the sum of the individual expenses (R4 900):
[tex]\[ \text{Total monthly income} = 25 075 + 4 900 = 29 975 \][/tex]
So, the total monthly income [tex]\(A\)[/tex] is [tex]\(R29 975\)[/tex].
#### 1.1.3 List TWO variable expenses. (2)
Variable expenses are those that change from month to month. Based on the given information, two variable expenses are:
1. Entertainment
2. Groceries
#### 1.1.4 How much does the family pay for the school fees for one child for the month? (4)
The information provided does not specify the amount the family pays for school fees for one child per month. Due to the lack of specific data regarding school fees in the table or the question, this cannot be determined from the given information.
#### 1.1.5 Will the Makau family be able to save the expected amount for a month for their holiday? Show all calculations.
The information given does not specify the expected amount that the Makau family aims to save for their holiday. Without knowing this expected savings amount, it is not possible to assess whether they will be able to save the expected amount. Hence, this cannot be determined from the given information.
#### 1.1.6 Mention ONE way in which the family can save more money for their holiday.
One way the family can save more money for their holiday is by reducing their entertainment expenses. For example, they could opt for more affordable or free entertainment options to cut down on this variable expense.
Another possible method is to reduce grocery bills. They could buy items in bulk for discounts or opt for less expensive brands, which can accumulate significant savings over time.
