ENTREPRENEURSHIP

Detailed explanation-1: -Lease and rental payments, insurance, and interest payments are examples of fixed expenses.

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: -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-4: -Wages paid to workers however can vary as the number of workers increase or decrease. Hence it is not considered as a fixed cost.

Detailed explanation-5: -What are Fixed Expenses? Fixed expenses are expenses that do not change in conjunction with the level of activity. These expenses tend to be quite stable, not changing much from month to month. Examples of fixed expenses are advertising, dues, equipment leases, insurance, and rent.