A fixed variable expense
Which example is a fixed expense?
Common examples of fixed costs include
rental lease or mortgage payments, salaries, insurance
, property taxes, interest expenses, depreciation, and potentially some utilities.
What are fixed expenses quizlet?
Fixed Expense. Expense
that stays the SAME from month to month
. Variable Expense. Expense that CHANGES from month to month.
Is snacks a fixed expense?
Is a cell phone bill a fixed or variable expense?
After school snacks are a fixed expense
. A loan payment is a fixed expense. Every month, Jack’s mother pays the following expenses: the house payment, the club membership, the car payment, and the cost of food.
Is groceries a fixed expense?
Fixed expenses are your
weekly, monthly, or annual bills
that don’t fluctuate. These include things like mortgage or rent payments, car payments, insurance premiums, utility bills, and the average amount you spend on groceries.
Is rent a fixed or variable expense?
The most common examples of
fixed costs
include lease and rent payments, utilities, insurance, certain salaries, and interest payments.
What is the difference between a variable expense and a fixed expense quizlet?
Fixed expenses are different from variable expenses because fixed expenses are consistent cost that need to be paid at specific times. Variable expenses are
inconsistent costs
that vary depending on the choices you make.
What is the difference between variable and fixed expenses quizlet?
A
variable cost
varies, in total, in direct proportion to changes in the level of activity. A fixed cost is a cost that remains constant, in total, regardless of changes in the level of activity. A mixed cost contains both variable and fixed cost elements (expeditons).
Which of the following is considered a fixed monthly expense?
Fixed expenses are consistent and expected bills you pay each month, such as a
mortgage or rent, a cellphone bill and a student loan payment
. Car insurance, home insurance and life insurance are also fixed payments, along with your monthly electric and water bills.
What are the 4 types of expenses?
If the money’s going out, it’s an expense. But here at Fiscal Fitness, we like to think of your expenses in four distinct ways:
fixed, recurring, non-recurring, and whammies
(the worst kind of expense, by far).
What is considered a fixed expense?
Fixed expenses: These are
costs that largely remain constant, such as your monthly rent
. Variable expenses: These are costs that vary or are unpredictable, such as dining out or car repairs.
What are 3 types of expenses?
There are three major types of expenses we all pay:
fixed, variable, and periodic
.
Is gasoline a fixed expense?
Gas is
a non-fixed expense
that most working people can’t do without.
Is electricity a fixed expense?
Utilities– the cost of electricity, gas, phones, trash and sewer services, etc. … However,
utilities are generally considered fixed costs
, since the company must pay a minimum amount regardless of its output.
Is Internet a fixed or variable expense?
Some examples of
fixed costs
include: Rent. Telephone and internet costs.
What are examples of fixed and variable costs in a fast food restaurant?
- Fixed costs include rent, mortgage, salaries, loan payments, license fees, and insurance premiums. …
- Variable costs include food, hourly wages, and utilities.
