Mathematics, 05.02.2020 02:43 quintinjerome

When it comes to budgeting, which of the following is considered a fixed expense?

Answers: 3

Show answers

Answers

A fixed expense is an expense that will be the same total amount regardless of changes in the amount of sales, production, or some other activity. A good example of this is rent or a mortgage.

Answer from: Morghurley2000

Fixed expense refers to any expense that doesn’t change from time to time. Examples of these expenses include utility bills, loan payment, and mortgage or rent payment, real estate, insurance premium and many more.

Further Explanation

Fixed expenses are paid regularly. It can be paid weekly, monthly, or from year to year. Fixed expenses cannot be changed easily.

These expenses can be budget easily because they are paid regularly. Some typical examples of fixed expenses are discretionary, for instance, gym membership, etc.

Fixed expenses are bills paid each month but its cost can still be lower. If you subscribed for a service that you don’t normally use, you can decide to opt for an alternate plan at a lower cost.

For example, you can consider opting for a cheap gym membership or cheaper streaming service.

It is possible to save more money every month if you lower your fixed expenses.

Lists of categories that can be part of your expenses include:Bank feesDebt payment for a debt repayment planMortgagesCondo fee/strata feeUtility bills (examples are water, electricity, cable, cell and many more)LeaseProperty taxes (if paying every month)Vehicle insurance (if paying every month)Sales expenses ( including credit card fees)

LEARN MORE:

When it comes to budgeting which of the following is considered a fixed expense Is a car payment a fixed expense or a variable expense

KEYWORDS:

fixed

Answer from: Quest

The year before the 10s so it was like when caveman were alive

Answer from: Quest

12.5 feet

step-by-step explanation:

Another question on Mathematics

Mathematics, 21.06.2019 22:40

Use this graph to find the cost of 6 show tickets

Answers: 1

Answer

Mathematics, 22.06.2019 04:00

The perimeter of the rectangle is 120 feet. if the length of the rectangle is ten feet more than the width ,what are the dimensions (length and width) of the rectangle?

Answers: 1

Answer

Mathematics, 22.06.2019 05:00

5,678.321 what place value is the 1 in

Answers: 2

Answer

Mathematics, 22.06.2019 05:30

Mr vale buys 48 flowers. he puts bunches of 6 flowers each in vases. if he sells each vase for $2, how much dose he earn?