ECONOMICS
MONEY MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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food
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utilities
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clothing
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rent
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Detailed explanation-1: -Examples of fixed expenses include: Rent or mortgage payments. Car payments. Other loan payments.
Detailed explanation-2: -Examples of Fixed Expenses 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.
Detailed explanation-3: -Examples of fixed costs are rent and lease costs, salaries, utility bills, insurance, and loan repayments. Some kinds of taxes, like business licenses, are also fixed costs.
Detailed explanation-4: -An example of fixed cost is a rent payment. If a company pays $5, 000 in rent per month, it remains the same even if there is no output for the month. Conversely, a variable cost is dependent on the production output level of goods and services.
Detailed explanation-5: -Cost of Goods Sold. Operating Expenses. Financial Expenses. Extraordinary Expenses. Non-Operating Expenses.