Which of the following is considered a fixed expense?*1 pointGroceriesRentEntertainmentClothing
Question
Solution 1
To identify which of the options is considered a fixed expense, let's analyze each one:
- Groceries: This is a variable expense as it can fluctuate based on spending habits, dietary needs, and family size.
- Rent: This is a fixed expense because it remains constant each month regardless o Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI
Similar Questions
Which of the following is considered a fixed expense?*1 pointGroceriesRentEntertainmentClothing
Which of the following is an example of a fixed expense you need to include in your budget?EntertainmentFoodGasRent
Which of the following is an example of a variable expense? (A) weekly martial arts lesson (B) rent (C) entertainment (D) monthly bus pass
Which of the following is an example of a fixed operating expense:*2 pointsInsuranceSales commissionsAdvertisingTravel expenses
Facility-level activities and costs are considered product costs in activity-based costing.Select one:TrueFalse
Upgrade your grade with Knowee
Get personalized homework help. Review tough concepts in more detail, or go deeper into your topic by exploring other relevant questions.