Maintenance. variable expenses have been deducted from sales revenue. Updated 10/13/2016 1:45:40 AM. by lrmsharris. Created by. 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). Which compounding frequency will earn you the MOST money? a. asked Dec 21, 2016 in Computer Science & Information Technology by Stigma. Guided practice activities that reinforce financial knowledge and skills . Practice. If you don't see any interesting for you, use our search form on bottom ↓ . called Variable Cost. 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. Inventory c. Carry User: Which of the following is a variable expense? Live Game Live. direct labor. answered Sep 24, 2015 by Andrea . everfi-module-3-payment-types-final-quiz-answers 2/4 Downloaded from corporatevault.emerson.edu on December 15, 2020 by guest Played 672 times. Delete Quiz. Asked 1/12/2015 11:52:15 AM. The monthly payment on the car loan. Homework. B. Learn. Their monthly rent payment.D. asked Sep 24, 2015 in Business by Avimaui. Share practice link. 7th grade . 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. 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 Fixed expenses remain the same so you always pay the same each month. Question. 1 Answer/Comment . 10. Deciding not to buy a more expensive pair of shoes is an example of reducing your discretionary spending. You are opening a savings account that earns compound interest. Practice. Which of the expenses listed is a variable expense? Everfi Future Smart DRAFT. "Variable expenses change depending on your use of products or services. Play. 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. Can someone help with tips on an Essay? Get your answers by asking now. Save. Delete Quiz. c. The annual costs of a business's fire insurance policy. How do I nicely explain that I'm done loaning money? 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. How do you think about the answers? b. total assets divided by owners’ equity. To illustrate a variable expense, let's assume that a website business sells a product and requires that the customer use a credit card. 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 Variable costs are costs that varies or are not fixed. Groceries since the amount of food you buy is not always the same. 4. • You have health insurance with a $1,500 deductible. I hope this has been of some benefit to you, good luck. Are new coronavirus strains cause for concern? Write. Match. Everfi Venture Module 1 DRAFT. Edit. gym membership since it's not a requirement. A.) 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. by janetdover. A. 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. Which of the following is a variable cost? net income divided by total assets. Professional Development. PLEASE & THANKS? shift upward and have a flatter slope. What is a variable expense? Compounding 4 times a year C.) Compounding monthly D.) Compounding daily* Which of the following accounts will give you the … This quiz is incomplete! In which of the following scenarios will you be entitled to pay the least amount of money out-of‐pocket for medical expenses? Page 2: Which of the following costs is a variable cost? The expression 2x+12y+365z represents her yearly expenses. On this page you can read or download everfi module 1 payment types final quiz answers in PDF format. Groceries - it's the only one that won't be exactly the same every month. direct materials. everfi end tests. Edit. Which of the following is a variable expense for many adults?A. 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. Correct Answer: fixed and variable costs. Homework. C … STUDY. To play this quiz, please finish editing it. d. they can help remove the worry about expenses not n the budget. Which of the following is considered a variable operating expense of an automobile A. We use cookies to give you the best possible experience on our website. 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. delivery costs. 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, … The costs of machinery. b. they can keep you from borrowing money from friends and family. Flagged by alfred123 [10/13/2016 … This conversation has been flagged as incorrect. Which of the following expenses best represents variable costs? Print; Share; Edit; Delete; Host a game. All others are fixed - they do not change on a monthly basis. And where can I look for such a topic. 52% average accuracy. Key * = correct answer . Test. Answer. A.electricity B.health insurance C.emergency fund D.retirement deduction - 2844407 a. Everfi_Module_3_Payment_Types_Final_Quiz_Answers 1/5 PDF Drive - Search and download PDF files for free. Computers. Share practice link. • You have no insurance. Which one is possibly not the same every single month? Promotion Expense b. 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? Finish Editing. PLAY. 0 votes. Solo Practice. a. they are used for anything listed on the budget. This quiz is incomplete! shift downward and have a flatter slope. To play this quiz, please finish editing it. • You have auto insurance with a $700 deductible. A decrease in net worth would be the result of A) income greater than expenses for a month. Edit. Accounting. 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, the trade off of making one choice and giving up a different choice, an independent consumer education website that reviews and rates computers, where should you look if you want to buy a computer for the fairest and most reliable information, what should you include for a budget of a business, which of the following is a variable expense for many adults: monthly rent payment, monthly car payment, monthly health insurance payment, monthly cost of eating at restaurants, which expense isn't a need: car insurance, rent payment, groceries, cable service, if you know the unit prices of two different brands of an item, what are you better able to, the time you could have spent doing something else, you received $50 as a birthday gift and chose to spend it on new wallpaper. Some items may appear on more than . This can be contrasted with fixed expenses that are fully predictable and constant. Income – Expenses = Operating Income b. Print; Share; Edit; Delete; Host a game . A A proportionate increase in total fixed costs. e. None of the above is a correct statement. Variable expenses are expenses that change over time such that they are more difficult to budget and predict. It looks like your browser needs an update. shift upward and have a steeper slope. 9th - 12th grade . 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. Which variable represents her rent? Which of the following would NOT be considered a variable expense for a restaurant? Here's what's in the new stimulus package, Berkley reflects on famous 'Saved by the Bell' scene. So which of those you list would change amounts each month? d. If not directly related, it will change with the production level, thus called Variable Cost. Their monthly cost of eating out at restaurants.C. This is the essence of homework so you would be able to explain the method in how you solved the problem. A Variable expenses as a percentage of sales decrease B. This would allow you to solve many problems of this nature in the future. Flashcards. EverFi Module 1 – Savings – Final Quiz Answers Flashcard Example #75820. 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. Correct Answer: LIFO assumes that inventory on hand consists of the oldest units. I have to make an assignment about the harmful effect of soft drinks on bone  A) property taxes B) salary of plant manager C) direct materials cost D) straight-line depreciation expense. Groceries, since that is the one expense that varies from month to month. The following are common examples of variable business and personal expenses. c. they can help you prepare for unexpected expenses. • You have health insurance with a $500 deductible. Oh no! Groceries. EverFi - Financial Literacy - Building Financial. Best answer. Selected Answer: LIFO results in newer costs appearing in the balance sheet . Key Concepts: Terms in this set (40) a phone. Compounding 1 time a year B.) Finish Editing. net sales divided by total assets . Question 3. Join Yahoo Answers and get 100 points today. An expense is a variable expense when its total amount changes in proportion to the change in sales, production, or some other activity. what is an opportunity cost. This quiz is incomplete! The credit card processor charges the business a fee of 3% of the amount charged. net income divided by owners’ equity. 10. To ensure the best experience, please update your browser. You have remained in right site to begin getting this info. Still have questions? Edit. Those are expenses that change in proportion to the activity of a business. depreciation - Answered by a verified Financial Professional . Which of the following is NOT true about emergency funds? 8th grade . https://www.weegy.com/?ConversationId=QI7LADF4&Link=i&ModeType=0 a year ago. a. 0. Which of the following is a variable cost? Trimming variable expenses is more difficult than cutting discretionary spending. 2 months ago. … Which of the following payments would be considered a variable expense? Get the detailed answer: On the income statement, which of the following would be classified as a variable cost? What should I do? rent. Which of the following statements about the last-in, first-out (LIFO) assumption is true? How can I say I am proud of Canada without using I for my essay? The costs of rental space. the trade off of making one choice and giving up a different choice. http://financialsoft.about.com/od/glossaryindexv/g... A variable expense is one that changes amount each month. Solo Practice. Played 400 times. A) wages B) beverages C) rent D) food. 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.". Their monthly payment for health insurance.B. It should be very obvious. Spell. Worth 5 points Which of the following is not an example of a variable expense from FINANCE Segment 1 at Florida Virtual High School 0 votes. Fixed expenses, savings expenses, and variable costs are the three categories that make up your budget. Played 117 times. accounting-and-taxation; 0 Answers. Variable Cost: A variable cost is a corporate expense that changes in proportion with production output. Therefore, … information-technology; 0 Answers. Play. Save. 0. Live Game Live. You can sign in to vote the answer. The equity multiplier is calculated as: Answer. A. rent expense B. salary of plant manager C. direct labor costs D. straight-line depreciation expense what is the opportunity cost: other items you could have bought, the price, the time you could have spent doing something else, once a budget is set it shouldn't be revisited, which of the following is not true of a budget: budgets include both income and expenses, once a budget is set it shouldn't be revisited, a budget can include charitable giving, budgets help you plan how to spend money you earn or receive, pay with a credit card if you have a hard time sticking to a budget, what is not a successful budgeting strategy: buy your needs first, pay with a credit card if you have a hard time sticking to a budget, keep some extra money, revisit your budget regularly, what is usually paid on a biweekly or monthly basis for professional employment, keeping track of how much you have spent is simple, what is the biggest factor on a credit score, what is the best strategy to avoid paying interest on your credit cards, which of the following is not a source of income: student loan payment, wages, salary, stipend, they have high fees and high interest rates, why is it harder to pay back payday loans, what method of payment accesses funds immediately and directly, what is the problem with paying only your minimum credit card balance each month, which of the following is not an example of a job skill: being good with computers, being creative, working well in groups, attending work every day, which of the following strategies is likely to save you the most money when going to college: purchasing used books, attending a private college, attending an in state public university, living off campus, make a list of your job preferences and skills, what should you do first when planning your career, what is the most direct way to gain on the job experience and earn money while attending school, about how much can someone with a professional degree expect to earn compared to someone with a high school diploma, you will earn less money during the years that you are in college, what is the opportunity cost of earning an advanced college degree, the amount of money a company makes from sales, if price of a product increases why is this caused, which interest bearing account is best for people who won't need access to their money for several month or longer, why would you put money into a savings account, review the different account options that your bank offers, what is the first step you should take when you want to open a savings account, deposit money into your savings account each month, how can you increase the amount of interest on your savings account, what is required when opening a checking account, a decrease in the cost of goods and services, repairing damage to other cars if you got into an accident that was your fault, the amount you pay the insurance company for coverage, what are loans to a company or government for a set amount of time, the amount you are personally required to pay before your insurance covers the cost, what is the average rate of return on stocks. 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Practice activities that reinforce financial knowledge and skills possibly not the same each month expense many... And family you are opening a which of the following is a variable expense? everfi account that earns compound interest that are fully predictable constant... Not true about emergency funds LIFO assumes that inventory on hand consists of the expenses listed is a expense... Newer costs appearing in the balance sheet 24, 2015 in business Avimaui... A home work question best experience, please update your browser for a restaurant, will! First-Out ( LIFO ) assumption is true expense which of the following is a variable?!

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