I need a paragraph using balance, deposit, withdraw, fixed expenses, variable expenses, profit, Interest, budget, financial institutions, and loan please help
Steve started an entrepreneur company called "Like" a data company which provides business data to all the social media sites to base on products.He starts with $1000 and $200 deposited in bank as capital budget, He had expenses $150 is spent on rent, computer, furniture and air-condition as his fixed expenses and $90 on carpenter, fittings and computer services as variable expenses.A month passed by, his expenses were $360 and income was $500 about $140 of profit.He bought 3 more computers on loan for $300 at interest of 12% for 2 years, Budget $50 for investment, $40 on buying equities from financial institution and balance $10 on debt instruments and $15 was withdrawn form bank for personal use.
Explanation:
Balance amount is the paid amount andleft over amount.
Deposit is the amount placed in a particular bank.
Withdrawn amount taken from the bank.
Fixed expenses which are on a common basis.
Variable expenses which is an occurrence at any point in time.
Profit amount earned after all the net expenses and taxes.
Interest extra amount paid or received by borrowing or lending.
Financial institutions buy companies stocks and shares.
