Jim and alice lange, employees at walmart, have put themselves on a strict budget. their goal at year’s end is to buy a boat for $19,000 in cash. their budget includes the following: 44% food and lodging 25% entertainment 10% educational jim earns $1,900 per month and alice earns $2,300 per month. after 1 year, will alice and jim have enough cash to buy the boat? (assume that any amounts left over will be saved for purchase of boat.)

  no

Step-by-step explanation:

The amounts listed total 79% of their income, so 21% is "left over." Their total earnings are ...

  $1900 +2300 = $4200 per month

Annually, that is ...

  $4200/mo × 12 mo/yr = $50,400/yr

The left over amount is 21% of that, or ...

  0.21 × $50,400 = $10,584

At year's end, they will have saved an amount somewhat short of their $19,000 goal. NO, they will not have enough to buy the boat.

step-by-step explanation: