ECONOMICS (CBSE/UGC NET)

ECONOMICS

SUPPLY

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
What are fixed expenses?
A
Irregular expenses that change from week to week or month to month
B
The amount of money in your bank account
C
The amount of cash in your purse or wallet
D
Expenses that stay the same from week to week or month to month
Explanation: 

Detailed explanation-1: -Typical household fixed expenses include: Mortgage or rent payments. Car payments. Real estate taxes.

Detailed explanation-2: -Fixed Expenses These are the expenses you have that don’t change month-to-month. Your mortgage or rent, car payment, and insurance are examples of fixed expenses.

Detailed explanation-3: -Examples of fixed costs are rent and lease costs, salaries, utility bills, insurance, and loan repayments.

Detailed explanation-4: -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-5: -Rent or mortgage payments. Car payments. Other loan payments. Insurance premiums. Property taxes. Phone and utility bills. Child care costs. Tuition fees. More items •06-Apr-2022

There is 1 question to complete.