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Fixed and Variable Expenses Flashcards | StudBud

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Fixed and Variable Expenses

4 terms·StudBud Administration·165 plays

A quiz to apply financial literacy

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Questions 4

Answers

1
Shay pays $900 rent, $65 for phone, & $130-$160 for electric bill. Which is a variable expense?
rent
electric bill
none
phone
2
Which answer best describes a variable monthly expense?
Water bill
rent
Cell phone payment
Car loan payment
3
Ann sells items online and at a fair. Which answer does NOT represent a fixed expense?
The fee to rent a booth at the fair
The monthly fee to maintain the website
The monthly salary she pays her daughter
The shipping and handling costs for online customers
4
Which of the following is an example of a fixed expense?
Pablo spends $41.87 on a birthday present for his cousin.
John treats his daughter to an ice cream for $3.
Alexa pays her neighbor $15 each week to walk her dogs
Luke donates $50 to the animal shelter.