ECONOMICS
MONEY MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Fixed expense
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Discretionary Expense
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Variable expense
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Intermittent expense
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Detailed explanation-1: -Fixed costs are expenses that a company pays that do not change with production levels. Rent is one example.
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: -Rent, rates and taxes is an example of direct expenses.
Detailed explanation-4: -Some examples of fixed expenses include: Mortgage or rent payments.
Detailed explanation-5: -Rent expense is an account that lists the cost of occupying rental property during a reporting period. This expense is one of the larger expenses reported by most organizations, after the cost of goods sold and compensation expense.