Why might variable expenses change a great deal at different times of year? Heating and cooling costs might vary considerably. ... Fixed expenses
Why might variable expenses change a great deal at different times of the year?
The variable expense that can change a great deal at different times of a year is heating and cooling cost . Cooling and heating services are a variable cost because they are subject to climatic conditions. They are unpredictable and people don't use these services the same way throughout the year.
What is most likely the reason variable expenses should be?
a variable expense. ... What is most likely the reason variable expenses should be planned after fixed expenses? Fixed expenses are required and constant , but variable expenses are more flexible.
When should fixed and variable monthly budgeted expenses first be?
When should fixed and variable monthly budgeted expenses first be planned? at the end of each month . day by day during the month. at the start of each month.
What is the simplest change that could be made to the budget to produce more savings next month?
What is the simplest change that can be made to the budget to produce more savings next month? Decrease food expenses .
Which is the best way to achieve long term financial goals?
Which is the best way to achieve long-term financial goals? Save more money from net income .
What are the main purposes of a budget select three options?
Terms in this set (3) A budget allows you to meet your personal goals with a system of saving and wise spending. Main purposes are Budget are Live within your income, Make wise buying decisions, Avoid credit problems, Plan for financial emergencies, Develop money management skills, Achieve your financial goals .
When planning a budget What is the biggest consideration?
- When revising a budget, it is important to make choices that allow you to continue .... ...
- What is the first step in the decision-making process? ...
- When planning a budget, the biggest consideration should be the. ...
- Simon bought a computer and made monthly payments.
Why might people choose to rent a home rather than buy a home quizlet?
Why might people choose to rent a home rather than buy a home? They may be relocated for a job . Building equity in a home is a good thing because.... ... equity in a home increases the homeowner's assets.
Why is net income lower than gross income fixed spending?
Both gross profit and net income are found on the income statement. Gross profit is located in the upper portion beneath revenue and cost of goods sold. Net income is found at the bottom of the income statement since it's the result of all expenses and costs being subtracted from revenue .
Why might Variable expenses change a great?
Why might variable expenses change a great deal at different times of year? Heating and cooling costs might vary considerably. ... Fixed expenses are required and constant , but variable expenses are not required and are more flexible.
Which is an example of income deduction?
For example, if you earn $50,000 in a year and make a $1,000 donation to charity during that year , you are eligible to claim a deduction for that donation, reducing your taxable income to $49,000. The Internal Revenue Service (IRS) often refers to a deduction as an allowable deduction.
Which activity is done in step 2?
Which activity is done in Step 2 of comparison shopping? Assess the purchase objectively .
What is the 70 20 10 Rule money?
Using the 70-20-10 rule, every month a person would spend only 70% of the money they earn, save 20%, and then they would donate 10% . The 50-30-20 rule works the same. Money can only be saved, spent, or shared.
What's the 50 30 20 budget rule?
The 50/30/20 rule of thumb is a set of easy guidelines for how to plan your budget. Using them, you allocate your monthly after-tax income to the three categories: 50% to “needs,” 30% to “wants,” and 20% to your financial goals .
What are optional expenses?
“Optional” expenses are those you CAN live without . These are also expenses that can be postponed when expenses exceed income or when your budgeting goal allows for it. Examples are books, cable, the internet, restaurant meals and movies.
