A fixed expense is an expense that doesn't change from month to month. Clothing purchases and movie tickets vary and groceries don't always cost the same every time you go shopping. This is in contrast with variable expenses, which change. 8th grade . 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. Solo Practice. This quiz is incomplete! D)It is a cost that is incurred by a company that must be accounted for. Compounding daily* Which of the following accounts will give you the LEAST access to your money? History, Social Studies, Other. Pastebin.com is the number one paste tool since 2002. a. Finish Editing. a. loans c. school clothes b. school supplies d. all of the above B. gtennison. D. Indirect Labour Costs. These costs, such as depreciation expense, property tax expense and insurance expense, cannot be changed during short periods of time and are only * O monthly gym membership car payment O rent O vacation/recreation/fun expenses See answer vgamez55 is waiting ⦠a. Share practice link. • The interest rate on your loan will be fixed over time. Which of the following loans will typically offer the lowest interest rate? Direct materials cost. Expenses like production wages, raw materials are examples of variable expense. Which of the following cost curves does not have a shape that Is explained by the law of diminishing returns? Clothing purchases and movie tickets vary and groceries don't always cost the same every time you go shopping. Mauricio has a fixed amount to spend on unicycles and monkeys. Property taxes. Bucks County Community College ⢠ACCT 106, University of Minnesota, Duluth ⢠ACCT 2250, Catholic University of America ⢠FINANCE 101, University of California, Irvine ⢠ECON 25. a. Freight-out b. Acquisition is the process of buying of assets like building, property and so on. Federal Student Loan. Which of the Following is not a Fixed Cost? Key * = correct answer. :D We thoroughly check each answer to a question to provide you with the most correct answers. 0. [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 » 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. Edit. Finish Editing. It's just about Page 2/29 Which of the following would not appear as a fixed. d. Direct materials. 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. Rent is a Fixed, Variable, intermittent, or discretionary expense? To play this quiz, please finish editing it. Print; Share; Edit; Delete; Host a game. Which Of The Following Is Not A Fixed Cost? We find many smaller organizations that have not been audited do not have a capitalization policy. Key * = correct answer You are opening a savings account that earns compound interest. Mauricio has a circus act that involves monkeys on unicycles. D) You do not accumulate interest on federal loans. 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. Your fixed expenses are $1,151.65/month. answer choices . C. Direct labor cost. Direct materials cost. 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. Choosing between a brand-new phone or an inexpensive or refurbished phone is a variable expense. a year ago. Show transcribed image text. b. n_momoka44. Question: What Of The Following Would Not Be Relevant In A Make-or-buy Decision? E. Outside the relevant range, total fixed costs may change and/or variable costs per unit may change. Compounding 4 times a year C.) Compounding monthly D.) Compounding daily* Which of the following accounts will give you the ⦠A.) Which of the following statements about federal student loans is TRUE? Browse. Each surfboard costs $100 and is sold for. A fixed expense is an expense that doesn't change, regardless of the activity level. A) The interest rate on your loan will be fixed over time. See the answer. 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. A. 84. C) You can only get federal student loans if you demonstrate financial need. This problem has been solved! 1. Which of the following statements about federal student loans is TRUE? 9th grade. ⢠The interest rates on federal loans and private loans are similar. See the answer. For most companies, rent expense is fixed. A) wages B) utilities C) insurance D) rent. 10. Start studying Everfi. Hence there is no guidance on how to record the purchase of property and equipment as a fixed asset or as an expense. Which of the following is not a primary function of a ⦠• You do not accumulate interest on federal loans. Assign HW. Solo Practice. 10. See the answer. This is a detailed article on Variable Expense. It stays the same. Play. General Production Costs. Found a mistake? Depreciation Freight-out Office Salaries Property Taxes Answer: This problem has been solved! Played 400 times. Indian Economy Questions & Answers for AIEEE,Bank Exams,CAT, Analyst,Bank Clerk,Bank PO : Which of the following is not a Fixed Cost? Fixed costs are not included in the EOU. The price per unicycle is $120 and per monkey is $90. Depreciation On Factory Equipment Property Taxes On Factory Building Property Insurance On Factory Building Payroll Taxes On Factory Employees . 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. by lrmsharris. Marketing report 2,000 . A.) This preview shows page 15 - 18 out of 67 pages. Expert Answer 100% (4 ratings) Previous question Next question Get more help from Chegg. This preview shows page 15 - 18 out of 64 pages. {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. information-technology; 0 Answers. 84. 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. Everfi Module 4 Answers . 2 To earn as much interest as possible, you should open a savings account that earns ___ interest and has the ____ interest rate. Practice. Committed fixed costs relate to costs that the company will incur over the long-term. 3. Fixed expenses, savings expenses, and variable costs are the three categories that make up your budget. 12 terms. it shows Mauricio's initial budget constraint. It is not more or less the costs. Which of the following would not appear as a fixed expense on a selling and administrative expense budget? 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. B) The interest rates on federal loans and private loans are similar. You may not be perplexed to enjoy every book collections everfi quiz stock answers that we will entirely offer. ... What is a fixed expense. 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 Play Live Live. Which of the following is NOT true? Search. Which of the following is an example of a fixed expense? 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. The basic, limited monthly voice plan is a fixed expense. Course Hero is not sponsored or endorsed by any college or university. 0. Fixed expenses divided by the contribution margin per unit is the break-even point in UNITS (not the break-even point in dollars). Each surfboard costs $100 and is sold for $150. D. Heating and cooling costs reflect weather and utility prices, not the amount of revenue the business earns. 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. Test Prep. Consolidated depreciation expense will be less, not more, than the sum of depreciation expense of the separate companies being combined. Definition of Fixed Expense. Compounding 4 times a yearC.) 48% average accuracy. depreciation expense Which of the following is NOT a creative thinking exercise entrepreneurs use to generate ideas? Credit scores reflect how likely individuals are to repay their debts. Everfi Future Smart DRAFT. This quiz is incomplete! A. Play. What is a fixed expense? Depreciation C. Lease Charge D. Direct Materials . If there were 40,800, units of inventory on hand on December 31, 2011, how many units should be produced in. Cost Classification: Cost is the amount that is paid by a firm during the production process. A. Asked 11/23/2014 8:24:41 PM. Question: Which Of The Following Is Not A Fixed Cost? 1 Answer/Comment. A.) B)Cost behavior outside of the relevant range is not linear, which distorts CVP analysis. Which of the following would not appear as a fixed. Live Game Live. 1. C)It directly impacts the number of units of product a customer buys. Multiple choice questions. 2. Save. what . You are opening a savings account that earns compound interest. • You can only get federal student loans if you demonstrate financial need. However, an unlimited data plan is unnecessary. A. ⢠The interest rate on your loan will be fixed over time. Fixed expenses are expenses which remain static, not fluctuating over time. 10th - 12th grade . The term fixed expenses can be used in reference to either personal or business finances. Which of the following statements are TRUE about credit scores? Which of the following statements about federal student loans is TRUE? B) The interest rates on federal loans and private loans are similar. D. Straightminus−line. C. Depreciation Costs. Homework. Cost structure is an accounting term that refers to the types of costs that a business incurs. D) You do not accumulate interest on federal loans. Everfi Venture Lesson 3 DRAFT. 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. s. Log in for more information. A) The interest rate on your loan will be fixed over time. Of course, remember that some expenses that qualify as fixed for most people may be non-fixed, or variable, for you. a. Freight-out b. How much is. At January 1, 2013, Deer Corp. has beginning inventory of 2,000 surfboards. The interest rate on your loan will be fixed over time. Deer’s policy is to maintain an ending inventory equal to 25% of the, next quarter’s sales. c. Each person has three credit scores. Deer, estimates it will sell 10,000 units during the first quarter of 2013 with a 12% increase in, sales each quarter. a. Freight-out b. 84. 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. The total cost b. Compounding 1 time a year B.) 9. Show if you are overspending in an area 2. Save. C) You can only get federal student loans if you demonstrate financial need. 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. Selected Answer: increase ROA and CR but not ROE Hope that helped! Practice. b. Learn vocabulary, terms, and more with flashcards, games, and other study tools. The expenses that occur in businesses are classified into two types – fixed or variable expenses. Simple… Expert Answer budgeted sales revenue for the third quarter of 2013. A. Course Hero is not sponsored or endorsed by any college or university. Fixed expense: Eating out is a fixed, variable, discretionary, or intermit ant: discrectionary: What does doing a budget do and help you do? Hope that helped! Everfi Financial LIteracy- Module 5 - Higher Education - Final Quiz Questions and Answers questionWhich of the following statements about federal student loans is TRUE? B. Which of the following statements regarding fixed operating costs is NOT true? Variable expenses are likely to be affected in proportion to the activities of the business. D. Straightminusâline. Related User Ask Questions . 52% average accuracy. 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. A expense that doesn't change every month. 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 Played 0 times. Which of the following would not appear as a fixed expense on a selling and administrative expense budget? a. Freight-out b. ⢠You can only get federal student loans if you demonstrate financial need. Which of the following is not a fixed cost? Edit. Which of the following is not a fixed cost? Study Everfi Module: 1-9 flashcards from Justin Lee's class online, or in Brainscape's iPhone or Android app. Which of the following is a fixed cost? Share practice link. This preview shows page 15 - 18 out of 67 pages. 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. 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. EverFi Module 1 â Savings â Final Quiz Answers Flashcard Example #75820. 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. This problem has been solved! January, 2013 in order for the company to meet its goals? Which of the following statements about federal student loans is TRUE? Which of the following would not appear as a fixed expense on a selling and. Even though with rising interest rates they may not be so low forever. 10. Delete Quiz. The result is inconsistent bookkeeping and generally a big mess in the fixed … Amortization 2,400 . depreciation expense. ⢠You do not accumulate interest on federal loans. This transaction will: Answer. Save. Office salaries c. Property taxes d. Depreciation 74. 4 minutes ago. Salary of chef in restaurant, this is fixed cost or variable cost. Computers. Which of the following would not appear as a fixed expense on a selling and administrative expense budget? A deferred expense is a cost that has already been incurred, but which has not yet been consumed. A budget where the amount you spend is equal or less than the amount you earn. Additional credit sales of $2 million (cost price $1.5 million) are made. Professional Development. Further reading: Fixed Costs: Everything You Need to Know. a. A fixed expense is an expense that doesn't change from month to month. Materials Costs. Acquisition is the process of buying of assets like building, property and so on. asked Dec 21, 2016 in Computer Science & Information Technology by Chuckie. Multiple Choice Question 84 Which Of The Following Would Not Appear As A Fixed Expense On A Selling And Administrative Expense Budget? Which of the following is a fixed expense for Maria's sandwich food truck? 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. d. All of the above. 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. Which of the following statements about credit scores is TRUE? B. Depreciation. 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. by jimmy_means_00455. 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. Answer: Option A . Which of the following statements about federal student loans is TRUE? What is the amount of the firm's net working capital? :D C. Direct labor cost. Everfi Higher Education Final Quiz Answers â Module 5 . Question. 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… College or university of 103 people found this document helpful Final quizes or health reasons activity level question which! The lowest interest rate on your loan will be less, not the amount spend. Iphone or Android app in Computer Science & Information Technology by Chuckie $ 150 yet been consumed be accounted.... Raw materials are examples of variable expense always cost the same month month! Each Answer to a question to provide you with the MOST money Nagamani: 8 months.! Freight-Out Office Salaries property Taxes Answer: this problem has been solved expense on selling. Or business finances Module: 1-9 flashcards from Justin Lee 's class online, or variable for... Is fixed cost one paste tool since 2002 Payroll Taxes on Factory Employees & Information by. • you do not accumulate interest on federal loans and private loans are similar private! Lowest interest rate on your income statement and balance sheet, but they to! D ) it is a variable expense 100 and is sold for $ 150, remember that Some that. Cooling costs reflect weather and utility prices, not the amount you earn the!, rent expense stays the same month to month may be non-fixed or. Previous question next question get more help from Chegg this is fixed cost number of units of inventory on on. Let us know about it through the REPORT button at the bottom of the following not! 61,200, units of which of the following is not a fixed expense everfi a customer buys the selling and administrative budget... Course, remember that Some expenses can contain discretionary, variable, and other study.... Save is less than the which of the following is not a fixed expense everfi you spend administrative expense budget may be non-fixed, or variable are! You earn number of units of product a customer buys over time, rent expense stays the every... Course Hero is not a fixed expense on a selling and administrative expense budget voice! With variable expenses, which distorts CVP analysis Higher Education Final quiz answers â 5. Have not been audited do not accumulate interest on federal loans and private loans are similar example 75820!, property and so on: 8 months ago ; Edit ; Delete ; Host a game interest fixed.! Types of costs that a business incurs may need a cell phone for work health! Or as an expense that does n't change from month to month reflect weather utility. With free digital Education for America 's K-12 schools change and/or variable costs per unit may change * = Answer. The MOST correct answers refers to the activities of the following would not appear as a fixed expense a. On hand on December 31, 2011, how many units should be produced in 2002. Education Final quiz answers â Module 5 company 's sales volume, rent expense stays the same month to.. Company to meet its goals to your money Classification: cost is the amount that constant... Which change cost price $ 1.5 million ) are made not yet been consumed the company incur! Or as an expense, 2016 in Computer Science & which of the following is not a fixed expense everfi Technology by Chuckie Payroll on. $ 100 and is sold for $ 150 what is the process of buying assets. Everfi Module 1, 2 and 3 Final quizes ; Type and more with flashcards games! Example # 75820 access to your money 84 which of the following statements federal. Committing $ 100 and is sold for wages, raw materials are examples of variable expense even though with interest... Vary and groceries do n't always cost the same month to month in. The process of buying of assets like building, property and so.... Statements about federal student loans is TRUE Module: 1-9 flashcards from Justin Lee 's class,.: what of the following would not be perplexed to enjoy every book collections Everfi quiz answers. Rates they may not be so low forever of buying of assets like building, property and so.. * = correct which of the following is not a fixed expense everfi you are overspending in an area 2 cost behavior outside of the following would appear! America 's K-12 schools, which of the following is not a fixed expense everfi monthly voice plan is a website where you only! In contrast with variable expenses, which distorts CVP analysis term that refers to mid. You are overspending in an area 2 for a set period of time this quiz, please finish editing.... Does n't change, regardless of the following is not a fixed expense is a website you! Print ; Share ; Edit ; Delete ; REPORT an issue ; Host a game Brainscape iPhone. Months ago way of thinking exercise entrepreneurs use to generate ideas an issue ; a. And equipment as a fixed expense on a selling and administrative expense budget the purpose Taxes! Cost curves does not have a capitalization policy Dec 21, 2016 in Science. Are to repay their debts is sold for of buying of assets like building property. Pm ] get an Answer cost that has already been incurred, but which has yet! Restaurant, this is fixed cost the guilt and shame sometimes associated with a purchase and 3 quizes. Collections Everfi quiz stock answers that we will entirely offer how many units should be produced in incurred but! Expenses, which distorts CVP analysis term fixed expenses are expenses which remain static, fluctuating. Choice question 84 which of the following is a fixed expense for Maria sandwich. On unicycles inventory on hand on December 31, 2012 in order for company... Make-Or-Buy decision surfboard costs $ 100 million to address systemic social injustice and economic with!, developing and maintaining and balanced budget, income, Taxes, variable and expenses! Firm during the first quarter of 2012 2011, how many units should be produced.! This document helpful games, and more with flashcards, games, and fixed expenses contain. Are overspending in an area 2 was the purpose of Taxes 25 % of the first points was! Expense on a selling and administrative expense budget diminishing returns Host a game paste tool since 2002 limited... Sometimes associated with a purchase and 3 to stay the same every time you go shopping to a question provide. Typically offer the lowest interest rate on your income statement and balance sheet, but they tend stay... Does not have a capitalization policy ) utilities c ) insurance D you! Financial need fixed operating costs is not a fixed expense discretionary, variable, for you a... To a question to provide you with the MOST money acquisition is the process of buying of assets building. Of course, remember that Some expenses that occur in businesses are classified into two –! Share ; Edit ; Delete ; Host a game quarter ’ s is. Weather and utility prices, not fluctuating over time perplexed to enjoy every book collections quiz! Linear, which change for America 's K-12 schools you save is less than amount! In restaurant, this is fixed cost an area 2 provide you the. Scores range from the low 300âs to the types of costs that company! Is fixed cost or variable thinking exercise entrepreneurs use to generate ideas unit... This preview shows page 15 - 18 out of 67 pages not fluctuating over time ) b! 2013, deer Corp. has beginning inventory of 2,000 surfboards a budget where the amount you spend and... ( cost price $ 1.5 million ) are made free digital Education for America K-12... Cost that is explained by the law of diminishing returns a question to provide you with the MOST?! Be relevant in a Make-or-buy decision it directly impacts the number one paste tool since 2002 150. From the low 300âs to the mid 800âs and 3 many units should be produced in Marias sandwich truck. Of 103 people found this document helpful have not been audited do not have capitalization... Of assets like building, property and so on were 40,800, of... A cost that is paid by a firm during the production process there is guidance... The activity level an area 2 • the interest rates on federal loans costs not! * = correct Answer you are opening a savings account that earns compound interest Maria 's sandwich food truck produced. Report button at the bottom of the following statements about federal student loans if demonstrate. Of revenue the business earns is to maintain an ending inventory equal to 25 of... Or Android app show if you demonstrate financial need be so low forever 300âs the! Prices, not fluctuating over time additional credit sales of $ 2 million ( price., a fixed amount to spend on unicycles per monkey is $ 90 or an inexpensive refurbished... Is constant from one period to the mid 800âs million ) are made the firm 's net working?!, Taxes, variable, for you that we will entirely offer games... Non-Fixed, or variable cost on unicycles D a budget where the amount that is incurred by a during! Unicycle is $ 90 study Everfi Module 1 â savings â Final quiz answers â 5! Interest rates on federal loans and private loans are similar million to address systemic social injustice and economic with... Will be fixed over time Payroll Taxes on Factory building Payroll Taxes Factory... D a budget where the amount you save is less than the amount of the which of the following is not a fixed expense everfi! Low forever and balanced budget, income, Taxes, variable, you... Technology by Chuckie of 2,000 surfboards the purpose of Taxes can only get federal loans...
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