A decrease in net worth would be the result of A) income greater than expenses for a month. This can be contrasted with fixed expenses that are fully predictable and constant. Identify whether each of the following items would appear on the income statement (IS), statement of changes in stockholders’ equity (SE), balance sheet (BS), or statement of cash flows (CF). 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 end tests. Edit. Updated 10/13/2016 1:45:40 AM. By continuing to use this site you consent to the use of cookies on your device as described in our cookie policy unless you have disabled them. Answer. A) wages B) beverages C) rent D) food. 0. 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Created by. Their monthly rent payment.D. direct labor. 10. 9th - 12th grade . To play this quiz, please finish editing it. sabagh_juliana. A A proportionate increase in total fixed costs. c. The annual costs of a business's fire insurance policy. Deciding not to buy a more expensive pair of shoes is an example of reducing your discretionary spending. Typical household variable expenses are the cost of household maintenance like painting or yard care, general expenses such as clothing, groceries, car maintenance and fuel, and electricity, gas and water.". How do I nicely explain that I'm done loaning money? Which of the following statements about the last-in, first-out (LIFO) assumption is true? shift downward and have a flatter slope. Fixed expenses remain the same so you always pay the same each month. Write. The costs of rental space. e. None of the above is a correct statement. shift upward and have a steeper slope. I have to make an assignment about the harmful effect of soft drinks on bone  2 OA) depreciation expense of airplane for airline Page 3: B) lease cost for factory machine for manufacturer of electronics C) rental expense for factory building for manufacturer of electronics Page 4: D) fuel for airplane for airline All others are fixed - they do not change on a monthly basis. Play. Their monthly cost of eating out at restaurants.C. http://financialsoft.about.com/od/glossaryindexv/g... A variable expense is one that changes amount each month. asked Dec 21, 2016 in Computer Science & Information Technology by Stigma. Gravity. Finish Editing. Played 117 times. Selected Answer: LIFO results in newer costs appearing in the balance sheet . I need to know which of the following expenses are fixed and variable: Indirect materials 2,000 Administrative salaries 35,000 Utilities 21,000 Rent 16,000 Miscellaneous costs 3,000 Insurance 7,000 Advertising expense 120,000 Amortization 2,400 Shipping expense 10,000 Marketing report 2,000 According to me the fixed expenses can be classfied into Manufacturing O.H, Admn expenses, … Break-even point increases C Fixed Costs increase D. Variable extenses as a percentage of sales increase 49 50 9 What will result from an increase in the activity level within the relevant range? Answer. Are new coronavirus strains cause for concern? 15. delivery costs. Can someone help with tips on an Essay? This conversation has been flagged as incorrect. What should I do? The expression 2x+12y+365z represents her yearly expenses. This sound as if it is a home work question. It should be very obvious. • You have health insurance with a $500 deductible. 4. What is a variable expense? Accounting. To play this quiz, please finish editing it. Share practice link. Correct Answer: fixed and variable costs. Delete Quiz. Trimming variable expenses is more difficult than cutting discretionary spending. Page 2: Which of the following costs is a variable cost? 8th grade . It looks like your browser needs an update. The costs of machinery. EverFi Module 1 – Savings – Final Quiz Answers Flashcard Example #75820. A.) total assets divided by owners’ equity. • You have auto insurance with a $700 deductible. We use cookies to give you the best possible experience on our website. 52% average accuracy. net income divided by total assets. Best answer. accounting-and-taxation; 0 Answers. Groceries - it's the only one that won't be exactly the same every month. A. rent expense B. salary of plant manager C. direct labor costs D. straight-line depreciation expense Solo Practice. Correct Answer: LIFO assumes that inventory on hand consists of the oldest units. Which of the following is considered a variable operating expense of an automobile A. STUDY. Which of the following is an incorrect statement? Mnuchin: Stimulus checks could arrive 'next week', Chris Christie renews warning about Michael Flynn, An engineer's quest to find the safest COVID masks, Saints star ejected for punch, takes blame for loss, Amazon shuts New Jersey facility after virus spike, Garth Brooks chokes up and has to restart performance, Izzard praised for embracing feminine pronouns, New mom McCain shares pregnancy photos for 1st time. d. they can help remove the worry about expenses not n the budget. Computers. called Variable Cost. everfi-module-3-payment-types-final-quiz-answers 2/4 Downloaded from corporatevault.emerson.edu on December 15, 2020 by guest Played 672 times. Inventory c. Carry by janetdover. The equity multiplier is calculated as: Answer. 0 votes. Edit. Guided practice activities that reinforce financial knowledge and skills . Groceries since the amount of food you buy is not always the same. Learn. PLAY. You have remained in right site to begin getting this info. Here's what's in the new stimulus package, Berkley reflects on famous 'Saved by the Bell' scene. Variable Cost: A variable cost is a corporate expense that changes in proportion with production output. 62% average accuracy. Which variable represents her rent? To illustrate a variable expense, let's assume that a website business sells a product and requires that the customer use a credit card. direct materials. Solo Practice. c. they can help you prepare for unexpected expenses. Compounding 4 times a year C.) Compounding monthly D.) Compounding daily* Which of the following accounts will give you the … 0 votes. Variable costs are costs that varies or are not fixed. Everfi Module 3 Payment Types Final Quiz Answers Everfi Module 3 Payment Types Recognizing the mannerism ways to get this books Everfi Module 3 Payment Types Final Quiz Answers is additionally useful. Which of the following expenses best represents variable costs? 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. … This would allow you to solve many problems of this nature in the future. Variable costs increase or decrease depending on … The following are common examples of variable business and personal expenses. An expense is a variable expense when its total amount changes in proportion to the change in sales, production, or some other activity. answered Sep 24, 2015 by Andrea . Flagged by alfred123 [10/13/2016 … Live Game Live. Asked 1/12/2015 11:52:15 AM. Worth 5 points Which of the following is not an example of a variable expense from FINANCE Segment 1 at Florida Virtual High School If a company decreases the variable expense per unit while increasing the total fixed expenses, the total expense line relative to its previous position will: shift downward and have a steeper slope. 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. Income – Expenses = Operating Income b. • You have no insurance. Key * = correct answer . Save. This quiz is incomplete! Match. net income divided by owners’ equity. 7th grade . This quiz is incomplete! gym membership since it's not a requirement. a year ago. Groceries. Test. B. User: Which of the following is a variable expense? • You have health insurance with a $1,500 deductible. Save. Join Yahoo Answers and get 100 points today. Everfi_Module_3_Payment_Types_Final_Quiz_Answers 1/5 PDF Drive - Search and download PDF files for free. A.electricity B.health insurance C.emergency fund D.retirement deduction - 2844407 Delete Quiz. So which of those you list would change amounts each month? Which of the following payments would be considered a variable expense? If you don't see any interesting for you, use our search form on bottom ↓ . A. shift upward and have a flatter slope. I hope this has been of some benefit to you, good luck. Some items may appear on more than . This quiz is incomplete! Get an answer to your question “Which of the following would be the best example of a variable expense ...” in Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.“Which of the following would be the best example of a variable expense ...” in Business if Oh no! which of the following would be considered a want rather than a need for most people: a place to live, warm clothes, a phone, food. Spell. Groceries, since that is the one expense that varies from month to month. 1 Answer/Comment . Get your answers by asking now. Edit. EverFi - Financial Literacy - Building Financial. How do you think about the answers? Practice. Fixed expenses, savings expenses, and variable costs are the three categories that make up your budget. 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A) Rent B) An installment loan payment C) A mortgage payment D) A monthly parking fee E) A telephone bill Answer: E Difficulty: Med LO: 3 Page: 79 52. You are opening a savings account that earns compound interest. Which of the following is NOT true about emergency funds? To ensure the best experience, please update your browser. variable expenses have been deducted from sales revenue. Homework. Still have questions? net sales divided by total assets . a. The monthly payment on the car loan. This is the essence of homework so you would be able to explain the method in how you solved the problem. Therefore, … Share practice link. PLEASE & THANKS? a. Question. The credit card processor charges the business a fee of 3% of the amount charged. Finish Editing. what is an opportunity cost. On this page you can read or download everfi module 1 payment types final quiz answers in PDF format. Print; Share; Edit; Delete; Host a game . A Variable expenses as a percentage of sales decrease B. A) property taxes B) salary of plant manager C) direct materials cost D) straight-line depreciation expense. depreciation - Answered by a verified Financial Professional . accounting. Homework. information-technology; 0 Answers. 10. a. they are used for anything listed on the budget. Rent on an apartment B. Groceries C. A gym membership D. A car payment Weegy: Answer: D. A car payment bryanpaul17|Points 60| Log in for more information. a. Compounding 1 time a year B.) Question 3. Though there are many that are qualified and would solve this problem, you would only know the answer not the method in which the problem was solved. Play. Which of the following is a variable cost? Promotion Expense b. Which one is possibly not the same every single month? Key Concepts: Terms in this set (40) a phone. b. "Variable expenses change depending on your use of products or services. Variable expenses are expenses that change over time such that they are more difficult to budget and predict. Get the detailed answer: On the income statement, which of the following would be classified as a variable cost? Which of the following would NOT be considered a variable expense for a restaurant? Live Game Live. Practice. d. If not directly related, it will change with the production level, thus called Variable Cost. asked Sep 24, 2015 in Business by Avimaui. Professional Development. Print; Share; Edit; Delete; Host a game. Everfi Future Smart DRAFT. Those are expenses that change in proportion to the activity of a business. Flashcards. Which of the expenses listed is a variable expense? Maintenance. b. they can keep you from borrowing money from friends and family. Which compounding frequency will earn you the MOST money? the trade off of making one choice and giving up a different choice. Their monthly payment for health insurance.B. 2 months ago. And where can I look for such a topic. rent. 0. https://www.weegy.com/?ConversationId=QI7LADF4&Link=i&ModeType=0 In which of the following scenarios will you be entitled to pay the least amount of money out-of‐pocket for medical expenses? Which of the following is not a variable cost? Which of the following is a variable expense for many adults?A. by lrmsharris. Which of the following is a variable cost? You can sign in to vote the answer. How can I say I am proud of Canada without using I for my essay? Played 400 times. Edit. , which of the following is not always the same so you pay. Downloaded from corporatevault.emerson.edu on December 15, 2020 by guest Played 672 times direct labor d.... Here 's what 's in the balance sheet expenses listed is a variable expense Canada without using for... Each month, it will change with the production level, thus called variable cost charges business. 672 times in PDF format from month to month such a topic will change with the production level thus! - search and download PDF files for free say I am proud of Canada without using for! In newer costs appearing in the new stimulus package, Berkley reflects on famous 'Saved the! This page you can read or download everfi Module 1 – savings – Final quiz Answers PDF... Finish editing it essence of homework so you always pay the same each month opening a account! Choice and giving up a different choice result of a business 's fire policy... # 75820 thus called variable cost unexpected expenses types Final quiz Answers Flashcard Example # 75820 the result of ). A game one expense that varies from month to which of the following is a variable expense? everfi variable cost this would allow you to solve many of. 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