Sure, here are the answers to your questions:
**1. If you have a positive variance (money left after everything has been paid), explain how you spend the extra money.**
If I have a positive variance, I would first use the extra money to pay off any outstanding debts. Once my debts are paid off, I would then use the extra money to save for the future or to invest in myself. I might also use some of the extra money to splurge on something I've been wanting, but that I would normally not be able to afford.
**2. If you have a negative variance (too little income for your expenses), explain how you make "ends meet".**
If I have a negative variance, I would first try to cut back on my expenses. I might cancel unnecessary subscriptions, eat out less, or find ways to save on transportation. If I can't cut back enough on my expenses, I might need to get a part-time job or ask for a raise at work.
**3. Define commission, as it would be found in a retail outlet.**
In a retail outlet, commission is a percentage of the sale price of an item that is paid to the salesperson who made the sale. For example, if a salesperson's commission rate is 10% and they sell an item for R100, they would earn R10 in commission.
**4. Assume your commission is 20% of sales. Your sales were R30 000, 00. What is the value of the commission owed to you?**
The value of the commission owed to me would be R30 000 x 20/100 = R6000.
**5. Identify and list the 5 methods of controlling a budget.**
The 5 methods of controlling a budget are:
1. **Set realistic goals.** When you set realistic goals, you are more likely to stick to your budget.
2. **Track your spending.** This will help you see where your money is going and where you can cut back.
3. **Make adjustments as needed.** Your budget is not set in stone. As your income and expenses change, you need to adjust your budget accordingly.
4. **Avoid impulse purchases.** Impulse purchases are one of the biggest budget busters. Before you buy something, ask yourself if you really need it.
5. **Be patient.** It takes time to get used to living on a budget. Don't get discouraged if you don't see results immediately.