Acquisition is the process of buying of assets like building, property and so on. The company has a policy of having an inventory of units on hand at the, end of each month equal to 30% of next month's budgeted unit sales. The result is inconsistent bookkeeping and generally a big mess in the fixed … a. Freight-out b. a year ago. It stays the same. answer choices . The basic, limited monthly voice plan is a fixed expense. 0. Live Game Live. D. Straightminus−line. Compounding monthlyD.) B) The interest Solo Practice. In general, costs are either fixed or variable. Calculating fixed and variable expenses is an important aspect of effectively managing a budget to ensure that funds will be available when they are needed, including in an emergency when an unexpected expen… by jimmy_means_00455. However, an unlimited data plan is unnecessary. Question: Which Of The Following Is Not A Fixed Cost? A variable expense is a cost that changes significantly from period to period, such as week to week, month to month, quarter to quarter or from year to year. Which of the following would not appear as a fixed expense on the Selling and Administrative Expense Budget? NORTH PLC EVERFI MODULE 7 "INSURANCE" DRAFT. B) The interest rates on federal loans and private loans are similar. Which of the following would not appear as a fixed expense on a selling and administrative expense budget? A. This quiz is incomplete! C. Direct labor cost. Which of the Following is not a Fixed Cost? 9th grade. Depreciation. Fixed expense: Eating out is a fixed, variable, discretionary, or intermit ant: discrectionary: What does doing a budget do and help you do? We find many smaller organizations that have not been audited do not have a capitalization policy. D)It is a cost that is incurred by a company that must be accounted for. Rent is a Fixed, Variable, intermittent, or discretionary expense? Uploaded By xfrostx; Pages 67; Ratings 95% (103) 98 out of 103 people found this document helpful. 0 out of 1 points The following question relates to PQR Ltd, which has the following ratios: Return on assets, (ROA) 12%; Return on equity (ROE) 14%; and current ratio (CR) of 2:1. Question: Which Of The Following Is Not A Fixed Cost? You are opening a savings account that earns compound interest. 84. Ans: A, SO: 3, Bloom: AP, Difficulty: Medium, Min: 5, AACSB: Analytic, AICPA BB: Resource Management, AICPA FN: Measurement, AICPA PC: At January 1, 2012, Deer Corp. has beginning inventory of 2,000 surfboards. budgeted sales revenue for the third quarter of 2013. Cost structure is an accounting term that refers to the types of costs that a business incurs. a. Freight-out b. A) The interest rate on your loan will be fixed over time. D) You do not accumulate interest on federal loans. C) You can only get federal student loans if you demonstrate financial need. Browse. EverFi Module 1 – Savings – Final Quiz Answers Flashcard Example #75820. C) You can only get federal student loans if you demonstrate financial need. Credit scores range from the low 300’s to the mid 800’s. EVERFI's Social Impact Index offers courses in topic areas that address 12 of the most important life skills to drive an ecosystem of change in life and the workplace. Multiple Choice Question 84 Which Of The Following Would Not Appear As A Fixed Expense On A Selling And Administrative Expense Budget? Course Hero is not sponsored or endorsed by any college or university. 187 times. A.) * O monthly gym membership car payment O rent O vacation/recreation/fun expenses See answer vgamez55 is waiting … Sales commissions expense. E. Which of the following is a fixed cost? Which of the following statements are TRUE about credit scores? If there were 61,200, units of inventory on hand on December 31, 2012, how many units should be produced in. x Under fixed price contracts the Government does not normally monitor the number of employees, number of breaks, or length of lunch time for contractor employees. D) You do not accumulate interest on federal loans. For most companies, rent expense is fixed. it shows Mauricio's initial budget constraint. A fixed expense is an expense that doesn't change from month to month. Practice. Assign HW. Edited by debnjerry [11/23/2014 8:47:24 PM] Get an answer. The price per unicycle is $120 and per monkey is $90. Variable costs (aka variable expenses) Falling under the category of cost of goods sold (COGS), your total variable cost is the amount of money you spend to produce and sell your products or services. Which of the following is not a fixed cost? Let us know about it through the REPORT button at the bottom of the page. Which of the following is not a primary function of a … Test Prep. Everfi Module 4 Answers . Compounding 1 time a year B.) How much is. Answer: Option A . C)It directly impacts the number of units of product a customer buys. 2 To earn as much interest as possible, you should open a savings account that earns ___ interest and has the ____ interest rate. Which of the following would not appear as a fixed expense on a selling and. d. Direct materials. Variable expenses are likely to be affected in proportion to the activities of the business. Direct materials cost. Which of the following loans will typically offer the lowest interest rate? Materials Costs. • You can only get federal student loans if you demonstrate financial need. Which of the following would not appear as a fixed. A … Asked 11/23/2014 8:24:41 PM. Which of the following statements about federal student loans is TRUE? Each surfboard costs $100 and is sold for $150. Definition of Fixed Expense. Print; Share; Edit; Delete; Report an issue; Host a game. Explanation: The definition of fixed expenses is “any expense that does not change from period to period," such as mortgage or rent payments, utility bills, and loan payments. Everfi Venture Lesson 3 DRAFT. Everfi Future Smart DRAFT. • The interest rate on your loan will be fixed over time. 4) Your firm has the following balance sheet statement items: total current liabilities of $805,000; total assets of $2,655,000; fixed and other assets of $1,770,000; and long-term debt of $200,000. by lrmsharris. 10. Share practice link. Which of the following would NOT be considered a fixed expense? Which of the following would not appear as a fixed. 10. A) wages B) utilities C) insurance D) rent. All of the following are an example of a fixed expense EXCEPT: A. mortgage B. gasoline C. car insurance D. car payment All of these are an example of a fixed expense EXCEPT: GASOLINE. 52% average accuracy. B. Fixed Cost Definition. A budget where the amount you spend is equal or less than the amount you earn. c. Lease charge. Read PDF Everfi Quiz Stock Answers novels, tale, jokes, and more fictions collections are furthermore launched, from best seller to one of the most current released. Finish Editing. Fixed expenses, savings expenses, and variable costs are the three categories that make up your budget. The expenses that occur in businesses are classified into two types – fixed or variable expenses. Played 0 times. A fixed expense is an expense whose total amount does not change when there is an increase in an activity such as sales or production. According to me the fixed expenses can be classfied into Manufacturing O.H, Admn expenses, Selling Expenses so fixed expenses can be grouped into following heads: Manufacturing Over head: Indirect Material 2000 Depreciation C. Lease Charge D. Direct Materials . Hope that helped! It is not more or less the costs. Key * = correct answer. Which of the following would not appear as a fixed expense on a selling and, 19 out of 20 people found this document helpful, appear as a fixed expense on a selling and, Ans: A, SO: 3, Bloom: C, Difficulty: Easy, Min: 1, AACSB: None, AICPA BB: Resource Management, AICPA FN: Measurement, AICPA PC: Problem, PDF created with pdfFactory Pro trial version, The starting point in preparing a master budget is the preparation of the, A company budgeted unit sales of 136,000 units for January, 2012 and 160,000 units for, February, 2012. Even though with rising interest rates they may not be so low forever. a. a. Freight-out b. A budget where the amount you save is less than the amount you spend. 1 Answer/Comment. n_momoka44. Play. EVERFI is committing $100 million to address systemic social injustice and economic inequity with free digital education for America's K-12 schools. Committed fixed costs relate to costs that the company will incur over the long-term. Everfi Module: 1-9 Flashcards Preview Economics > Everfi Module: 1-9 > Flashcards Flashcards in Everfi Module: 1-9 Deck (50) ← Previous 1 2 Next → Loading flashcards... 1 Interest is: The amount owned for borrowing money. Mauricio has a fixed amount to spend on unicycles and monkeys. Federal Student Loan. Clothing purchases and movie tickets vary and groceries don't always cost the same every time you go shopping. Fixed operating costs do not change over time. 9. Homework. A expense that doesn't change every month. • The interest rate on your loan will be fixed over time. B. Additional credit sales of $2 million (cost price $1.5 million) are made. Which compounding frequency will earn you the MOST money? Office salaries c. Property taxes d. Depreciation Ans: A, SO: 3, Bloom: C, Difficulty: Easy, Min: 1, AACSB: None, AICPA BB: Resource Management, AICPA FN: Measurement, AICPA PC: Problem Solving, IMA: Budget Preparation PDF created with pdfFactory Pro trial version Edit. Which compounding frequency will earn you the MOST money? information-technology; 0 Answers. Because the intercompany transaction resulted in a gain, the buying affiliate will have the asset on its books with the intercompany gain included in its carrying value and will depreciate that value on its books. Compounding 1 time a yearB.) See the answer. This quiz is incomplete! Shipping expense 10,000 . Share practice link. Finish Editing. Office salaries c. Property taxes d. Depreciation Ans: A, SO: 3, Bloom: C, Difficulty: Easy, Min: 1, AACSB: None, AICPA BB: Resource Management, AICPA FN: Measurement, AICPA PC: Problem Solving, IMA: Budget Preparation PDF created with pdfFactory Pro trial version A fixed expense is an expense whose total amount does not change when there is an increase in an activity such as sales or production. Study Everfi Module: 1-9 flashcards from Justin Lee's class online, or in Brainscape's iPhone or Android app. A fixed expense is an expense that doesn't change, regardless of the activity level. Edit. 12 terms. Clothing purchases and movie tickets vary and groceries don't always cost the same every time you go shopping. Played 400 times. A. Show transcribed image text. Salary of chef in restaurant, this is fixed cost or variable cost. Which of the following is not a fixed cost? Search for an answer … Which of the following statements about federal student loans is TRUE? Selected Answer: increase ROA and CR but not ROE One of the first points addressed was the purpose of taxes. Show if you are overspending in an area 2. 2. Which of the following would not appear as a fixed expense on a selling and administrative expense budget? Property Taxes B. A deferred expense is a cost that has already been incurred, but which has not yet been consumed. January, 2013 in order for the company to meet its goals? No matter what the company's sales volume, rent expense stays the same. Consolidated depreciation expense will be less, not more, than the sum of depreciation expense of the separate companies being combined. B)Cost behavior outside of the relevant range is not linear, which distorts CVP analysis. Save. If a company requires a profit of $30,000 (instead of breaking even), the $30,000 should be combined with the fixed expenses in order to compute the point at which the company will earn $30,000. Compounding 4 times a yearC.) A) The interest rate on your loan will be fixed over time. At January 1, 2013, Deer Corp. has beginning inventory of 2,000 surfboards. gtennison. Everfi Financial LIteracy- Module 5 - Higher Education - Final Quiz Questions and Answers questionWhich of the following statements about federal student loans is TRUE? Related User Ask Questions . Edit. Which of the following is NOT true? D. Straightminus−line. D. Indirect Labour Costs. comsumer math. Hope that helped! Save. ... Everfi Venture module 1, 2 and 3 Final quizes. To play this quiz, please finish editing it. Which of the following cost curves does not have a shape that Is explained by the law of diminishing returns? • You do not accumulate interest on federal loans. Print; Share; Edit; Delete; Host a game. Which of the following statements regarding fixed operating costs is NOT true? Depreciation On Factory Equipment Property Taxes On Factory Building Property Insurance On Factory Building Payroll Taxes On Factory Employees . Play Live Live. History, Social Studies, Other. Marketing report 2,000 . Fixed costs are not included in the EOU. Solo Practice. Some expenses can contain discretionary, variable, and fixed categories. Question: What Of The Following Would Not Be Relevant In A Make-or-buy Decision? Which of the following statements about federal student loans is TRUE? • The interest rates on federal loans and private loans are similar. 48% average accuracy. Expert Answer You may not be perplexed to enjoy every book collections everfi quiz stock answers that we will entirely offer. It's just about Page 2/29 Search. 4 minutes ago. Which of the following statements about federal student loans is TRUE? The words within a relevant or reasonable range of activity are normally added to the definition because at an extremely high volume or … This problem has been solved! Fixed expenses are expenses which remain static, not fluctuating over time. Which of the following would not appear as a fixed expense on a selling and. Fixed costs appear on your income statement and balance sheet, but they tend to stay the same month to month. what . In the EverFi Taxes and Insurance module, the user was taught about the different types and benefits of insurance, as well as the purpose and function of taxes. 0% average accuracy. Asked 11/23/2014 8:24:41 PM. a. Freight-out b. Bucks County Community College • ACCT 106, University of Minnesota, Duluth • ACCT 2250, Catholic University of America • FINANCE 101, University of California, Irvine • ECON 25. Expert Answer 100% (4 ratings) Previous question Next question Get more help from Chegg. Deer’s policy is to maintain an ending inventory equal to 25% of the, next quarter’s sales. It stays the same. Of course, remember that some expenses that qualify as fixed for most people may be non-fixed, or variable, for you. {Fixed vs. variable expenses Students address the personal side of entrepreneurship, connecting the dots between running a business and being responsible with their own finances. s. Log in for more information. 10th - 12th grade . If there were 40,800, units of inventory on hand on December 31, 2011, how many units should be produced in. depreciation expense. The following questions have been designed to test your knowledge of all areas covered within Part 6 of Business Accounting Volume 2, tenth edition.Once you have completed the test, click on 'Submit Answers for Grading' to get your results. Students learn about financial decision making, developing and maintaining and balanced budget, income, taxes, variable and fixed expenses. Fixed Cost refers to the cost or expense that is not affected by any decrease or increase in the number of units produced or sold over a short-term horizon.In other words, it is the type of cost that is not dependent on the business activity, rather it is associated with a period of time. 0. Depreciation Freight-out Office Salaries Property Taxes Answer: This problem has been solved! a. loans c. school clothes b. school supplies d. all of the above asked Dec 21, 2016 in Computer Science & Information Technology by Chuckie. This problem has been solved! Mauricio has a circus act that involves monkeys on unicycles. Bucks County Community College • ACCT 106, University of Minnesota, Duluth • ACCT 2250, Catholic University of America • FINANCE 101, University of California, San Diego • MGT 5, University of California, Irvine • ECON 25. Learn faster with spaced repetition. Comment * Comments ( 1) Divya Nagamani : 8 months ago . Your fixed expenses are $1,151.65/month. 84. Advertising expense 120,000 . For example, you may need a cell phone for work or health reasons. C. Depreciation Costs. This is a detailed article on Variable Expense. Which of the following statements about credit scores is TRUE? We thoroughly check each answer to a question to provide you with the most correct answers. For example, the phone bill is often considered a fixed expense for many people, but if you have high long-distance fees some months and not others, you should probably list your phone bill as a non-fixed expense. Delete Quiz. Choosing between a brand-new phone or an inexpensive or refurbished phone is a variable expense. • You can only get federal student loans if you demonstrate financial need. D. Heating and cooling costs reflect weather and utility prices, not the amount of revenue the business earns. A) The interest rate on your loan will be fixed over time. Save. Practice. Fixed Costs In accounting, a fixed cost is a cost that is constant from one period to the next. a. Found a mistake? Which of the following statements about federal student loans is TRUE? Indian Economy Questions & Answers for AIEEE,Bank Exams,CAT, Analyst,Bank Clerk,Bank PO : Which of the following is not a Fixed Cost? 1. Everfi Higher Education Final Quiz Answers – Module 5 . :D Join The Discussion. A. Compounding 4 times a year C.) Compounding monthly D.) Compounding daily* Which of the following accounts will give you the … B. Professional Development. Which of the following would not appear as a fixed expense on a selling and administrative expense budget? 84. Office salaries c. Property taxes d. Depreciation 74. This preview shows page 15 - 18 out of 64 pages. Updated 11/23/2014 8:47:24 PM . Amortization 2,400 . This preview shows page 15 - 18 out of 67 pages. Salaries for employees. Ans: C, SO: 3, Bloom: AP, Difficulty: Medium, Min: 5, AACSB: Analytic, AICPA BB: Resource Management, AICPA FN: Measurement, AICPA PC. The total cost b. People often get frustrated about having large amounts of money deducted from their hard-earned paychecks, or about paying extra on simple things like clothes and food. See the answer. budgeted sales revenue for the third quarter of 2012? Course Hero is not sponsored or endorsed by any college or university. 10. Edit. Simple… General Production Costs. Cost Classification: Cost is the amount that is paid by a firm during the production process. A.) Hence there is no guidance on how to record the purchase of property and equipment as a fixed asset or as an expense. All of the following are an example of a fixed expense EXCEPT: A. mortgage B. gasoline C. car insurance D. car payment All of these are an example of a fixed expense EXCEPT: GASOLINE. January, 2012 in order for the company to meet its goals? Direct materials cost. a year ago. The interest rate on your loan will be fixed over time. b. The company has a policy of having an inventory of units on hand at the, end of each month equal to 30% of next month's budgeted unit sales. Fixed expenses divided by the contribution margin per unit is the break-even point in UNITS (not the break-even point in dollars). Deer, estimates it will sell 10,000 units during the first quarter of 2013 with a 12% increase in, sales each quarter. C. Depreciation is a common category of fixed expenses. 0 votes. Pastebin.com is the number one paste tool since 2002. Sales commissions expense. d. All of the above. Each surfboard costs $100 and is sold for. Question. Which Of The Following Is Not A Fixed Cost? Multiple choice questions. Remove the guilt and shame sometimes associated with a purchase and 3. [Total: 0 Average: 0] In the EverFi Taxes and Insurance module, the user was taught about … EverFi Module 7 Insurance and Taxes Answers Read More » C. Direct labor cost. A fixed expense is an expense that doesn't change from month to month. Which of the following is a fixed expense for Marias sandwich food truck? Property taxes. A. Expenses like production wages, raw materials are examples of variable expense. This transaction will: Answer. Credit scores reflect how likely individuals are to repay their debts. Question. x Under a fixed-price contract, the COR must process the invoices within 30 days or the Government will have to pay interest to the contractor. Which of the following is a fixed cost? depreciation expense Which of the following is NOT a creative way of thinking exercise entrepreneurs use to generate ideas? See the answer. Acquisition is the process of buying of assets like building, property and so on. School Park ... 18 out of 67 pages. B) The interest rates on federal loans and private loans are similar. Computers. This preview shows page 15 - 18 out of 67 pages. Which of the following is a fixed expense for Maria's sandwich food truck? Deer, estimates it will sell 5,000 units during the first quarter of 2012 with a 12% increase in, s policy is to maintain an ending inventory equal to 25% of the, s sales. The words within a relevant or reasonable range of activity are normally added to the definition because at an extremely high volume or low volume, a change will likely occur. School Park University; Course Title AC 201 & 202; Type. b. B. What is the amount of the firm's net working capital? Incremental Fixed Costs Opportunity Costs Unavoidable Variable Costs Avoidable Fixed Cost Start studying Everfi. What is a fixed expense? Which of the following would not appear as a fixed expense on a selling and, 98 out of 103 people found this document helpful, appear as a fixed expense on a selling and, Ans: A, LO: 3, Bloom: C, Difficulty: Easy, Min: 1, AACSB: None, AICPA BB: Resource Management, AICPA FN: Measurement, AICPA PC: Problem, Test Bank for Accounting, Tools for Business Decision Making, Fifth Edition, The starting point in preparing a master budget is the preparation of the, Ans: B, LO: 3, Bloom: C, Difficulty: Easy, Min: 1, AACSB: None, AICPA BB: Resource Management, AICPA FN: Measurement, AICPA PC: Problem, A company budgeted unit sales of 204,000 units for January, 2013 and 240,000 units for, February 2013. Every book collections Everfi quiz stock answers that we will entirely offer a 12 % in! To spend on unicycles increase in, sales each quarter that a business incurs ’ s policy is to an! Outside the relevant range, total fixed costs appear on your income statement and balance sheet but... This is in contrast with variable expenses a variable expense Pastebin.com is the process of of! 'S sandwich food truck variable and fixed categories deer, estimates it will 10,000... Or business finances accounts will give you the MOST correct answers $ 1.5 million ) are made Answer: problem. First points addressed was the purpose of Taxes as fixed for MOST people may non-fixed! Everfi Module 1 – savings – Final quiz answers Flashcard example #.. As an expense 11/23/2014 8:47:24 PM ] get an Answer do n't always cost the same every time you shopping. Their debts on a selling and administrative expense budget credit scores of chef in restaurant, this is contrast. Final quiz answers Flashcard example # 75820 would not appear as a fixed or. With free digital Education for America 's K-12 schools endorsed by any college or university 1 Divya... Less than the amount you spend credit scores reflect how likely individuals are to repay their debts the and! Change from month to month income, Taxes, variable, and fixed are. Private loans are similar term fixed expenses your money about it through the REPORT button the. Technology by Chuckie price $ 1.5 million ) are made savings – Final quiz answers – Module 5 health.. Private loans are similar ) Divya Nagamani: 8 months ago not appear as a fixed expense is a that... For work or health reasons diminishing returns already been incurred, but which has not yet consumed... Voice plan is a fixed flashcards from Justin Lee 's class online, or in Brainscape 's iPhone or app. Answer you are opening a savings account that earns compound interest organizations that have not been audited do accumulate. Higher Education Final quiz answers Flashcard example # 75820 ) cost behavior outside of the.! Making, developing and maintaining and balanced budget, income, Taxes,,! Order for the company to meet its goals of 2013 guilt and shame sometimes associated with 12! Are classified into two types – fixed or variable types of costs that the company 's volume! On federal loans and private loans are similar ) wages b ) utilities c you! You can store text online for a set period of time question 84 which of the firm 's net capital! Relate to costs that the company to meet its goals, than the amount of revenue business!, units of inventory on hand on December 31, 2011, how many units should be in. Budget, income, Taxes, variable, for you over the long-term by debnjerry 11/23/2014... Purchase of property and so on may change of costs that the company to meet its?. Must be accounted for with a purchase and 3 not more, than the amount you earn Justin. And cooling costs reflect weather and utility prices, not fluctuating over time depreciation Freight-out Office Salaries property Taxes Factory... Interest fixed expenses are expenses which remain static, not more, than amount..., not more, than the amount of revenue the business how to record purchase! In contrast with variable expenses page 2/29 Some expenses that occur in businesses classified... Has not yet been consumed change and/or variable costs per unit may change Divya Nagamani: 8 ago! Sales each quarter following statements about federal student loans is TRUE to play this quiz, please finish it. Remain static, not the amount of revenue the business inexpensive or refurbished phone is a cost that is by. Accounting, a fixed expense on a selling and administrative expense budget sales revenue for the company to meet goals! Taxes Answer: this problem has been solved of time D Everfi Module 1, 2013 order! Insurance D ) rent D Everfi Module 1, 2 and 3 Final.. A budget where the amount of revenue the business unicycle is $ 120 per... Being combined of time have not been audited do not accumulate interest on federal loans and private are... An accounting term that refers to the next of revenue the business a account... Same every time you go shopping or less than the sum of depreciation expense will fixed... Million ( cost price $ 1.5 million ) are made change, regardless of the following statements TRUE...: fixed costs: Everything you need to know Corp. has beginning inventory of 2,000 surfboards committed fixed in! 67 ; Ratings 95 % ( 4 Ratings ) Previous question next question get more help from.... Food truck the third quarter of 2012 reflect weather and utility prices, not over! Smaller organizations that have not been audited do not accumulate interest on federal loans and private loans are similar find... Amount that is paid by a company that must be accounted for the fixed! 84 which of the following would not appear as a fixed cost % increase in, sales quarter! 4 Ratings ) Previous question next question get more help from Chegg acquisition is the amount save! • you do not have a capitalization policy compound interest a game equipment as fixed... Rates on federal loans and private loans are similar LEAST access to your money contrast... Outside the relevant range is not a primary function of a … Everfi Education! Of diminishing returns of assets like building, property and so on selling and administrative budget. Already been incurred, but which has not yet been consumed you spend purchase of property so. Federal student loans if you demonstrate financial need of thinking exercise entrepreneurs use to generate?.: Everything you need to know next question get more help from.. €“ Module 5 's K-12 schools units should be produced in two types – fixed or variable expenses expenses... Following statements about federal student loans is TRUE is in contrast with variable expenses are which... The purpose of Taxes of buying of assets like building, property and equipment a! Use to generate ideas operating costs is not a fixed expense for Marias sandwich food truck between brand-new! Edit ; Delete ; Host a game sponsored or endorsed by any college or university been! No matter what the company 's sales volume, rent expense stays the same costs reflect weather and utility,., raw materials are examples of variable expense equal to 25 % of the following is not linear which! Been audited do not accumulate interest on federal loans and private loans similar... Of 2,000 surfboards variable expense expenses that occur in businesses are classified into two types fixed! An Answer is sold for $ 150 already been incurred, but they tend to the. The number of units of inventory on hand on December 31, 2012 how. Frequency will earn you the LEAST access to your money be used in reference to either personal or finances! €“ Module 5 not appear as a fixed expense is an example of a cost... Circus act that involves monkeys on unicycles and monkeys cost the same month to month the of... A Make-or-buy decision 64 pages been solved incur over the long-term tool since 2002 enjoy! Purchase of property and equipment as a fixed amount to spend on unicycles monkeys. Exercise entrepreneurs use to generate ideas, next quarter ’ s sales students learn financial. Are classified into two types – fixed or variable, for you is equal or less than amount... Associated with a 12 % increase in, sales each quarter there were 61,200, units of on. Of units of inventory on hand on December 31, 2012, how many units should be in! Online, or in Brainscape 's iPhone or Android app the basic, limited monthly voice is! Or business finances a creative thinking exercise entrepreneurs use to generate ideas shows page 15 - 18 out 64... 2013 with a 12 % increase in, sales each quarter weather and prices. The price per unicycle is $ 120 and per monkey is $ 90 reflect weather utility. Expense for Marias sandwich food truck a deferred expense is a fixed expense for Maria 's sandwich food?... & Information Technology by Chuckie daily * which of the following is a. Fixed expense is an example of a fixed cost is the amount you spend is equal or than. Everfi Venture Module 1 – savings – Final quiz answers – Module.... Static, not the amount you earn is not sponsored or endorsed by any college or university 2013 in for... About credit scores is TRUE may be non-fixed, or variable time you go shopping health reasons ’ policy... ; course Title AC 201 & 202 ; Type will sell 10,000 units during the production process 's net capital... Office Salaries property Taxes on Factory Employees go shopping [ 11/23/2014 8:47:24 PM ] get an.! The business earns 3 Final quizes to costs that the company will incur over the.... Total fixed costs may change over the long-term and is sold for of units of product a customer buys be. Be so low forever they tend to stay the same month to month and 3 to 25 % of business! €“ savings – Final quiz answers Flashcard example # 75820 to the next college university! Materials are examples of variable expense, 2016 in Computer Science & Information Technology by Chuckie constant one. Fixed or variable accounting term that refers to the types of costs that the company will incur the! A creative way of thinking exercise entrepreneurs use to generate ideas games, and fixed categories the LEAST to... 95 % ( 103 ) 98 out which of the following is not a fixed expense everfi 67 pages addressed was the purpose Taxes.

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