ECONOMICS
BUDGETING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Mortgage, loans, rent
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Cable, entertainment, food
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Gas, food, phone
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Clothing, gas, food
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Detailed explanation-1: -Amortization. This is the gradual charging to expense of the cost of an intangible asset (such as a purchased patent) over the useful life of the asset. Depreciation. Insurance. Interest expense. Property taxes. Rent. Salaries. Utilities. 17-Nov-2022
Detailed explanation-2: -Fixed expenses generally cost the same amount each month (such as rent, mortgage payments, or car payments), while variable expenses change from month to month (dining out, medical expenses, groceries, or anything you buy from a store).
Detailed explanation-3: -Examples of fixed costs are rent and lease costs, salaries, utility bills, insurance, and loan repayments.
Detailed explanation-4: -The definition of fixed expenses is “any expense that does not change from period to period, ” such as mortgage or rent payments, utility bills, and loan payments.
Detailed explanation-5: -Mortgage or rent payments. Loan payments, such as auto loans or student loans. Insurance premiums, such as for car insurance and homeowners insurance. Property taxes. Internet and cable bills. Childcare expenses. 29-Aug-2022