which of the following is not a fixed expense everfi

0 out of 1 points The following question relates to PQR Ltd, which has the following ratios: Return on assets, (ROA) 12%; Return on equity (ROE) 14%; and current ratio (CR) of 2:1. :D Solo Practice. 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. You are opening a savings account that earns compound interest. information-technology; 0 Answers. Played 400 times. Related User Ask Questions . 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. 1. Which of the following would not appear as a fixed. 1. Save. A. Your fixed expenses are $1,151.65/month. depreciation expense ... What is a fixed expense. a. Play Live Live. Which of the following statements about federal student loans is TRUE? EverFi Module 1 – Savings – Final Quiz Answers Flashcard Example #75820. Show transcribed image text. Learn faster with spaced repetition. Credit scores reflect how likely individuals are to repay their debts. Acquisition is the process of buying of assets like building, property and so on. 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 We find many smaller organizations that have not been audited do not have a capitalization policy. A deferred expense is a cost that has already been incurred, but which has not yet been consumed. 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. Edit. 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. Play. Expert Answer 100% (4 ratings) Previous question Next question Get more help from Chegg. it shows Mauricio's initial budget constraint. b. A … What is a fixed expense? Mauricio has a circus act that involves monkeys on unicycles. Depreciation. Asked 11/23/2014 8:24:41 PM. Live Game Live. D. Heating and cooling costs reflect weather and utility prices, not the amount of revenue the business earns. Advertising expense 120,000 . A fixed expense is an expense that doesn't change, regardless of the activity level. Property Taxes B. Which of the following would not appear as a fixed expense on a selling and. Professional Development. 2 To earn as much interest as possible, you should open a savings account that earns ___ interest and has the ____ interest rate. It is not more or less the costs. 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. 48% average accuracy. Assign HW. Search for an answer … Share practice link. This is in contrast with variable expenses, which change. A. Further reading: Fixed Costs: Everything You Need to Know. x Under fixed price contracts the Government does not normally monitor the number of employees, number of breaks, or length of lunch time for contractor employees. History, Social Studies, Other. by jimmy_means_00455. Pastebin is a website where you can store text online for a set period of time. Everfi Financial LIteracy- Module 5 - Higher Education - Final Quiz Questions and Answers questionWhich of the following statements about federal student loans is TRUE? 9th grade. Found a mistake? Sales commissions expense. However, an unlimited data plan is unnecessary. Compounding 4 times a yearC.) a year ago. 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. Which of the following is an example of a fixed expense? Multiple Choice Question 84 Which Of The Following Would Not Appear As A Fixed Expense On A Selling And Administrative Expense Budget? January, 2012 in order for the company to meet its goals? This preview shows page 15 - 18 out of 67 pages. B) The interest rates on federal loans and private loans are similar. Practice. A expense that doesn't change every month. Which of the following is a fixed cost? Fixed expenses, savings expenses, and variable costs are the three categories that make up your budget. What is the amount of the firm's net working capital? D) You do not accumulate interest on federal loans. Direct materials cost. Asked 11/23/2014 8:24:41 PM. It stays the same. School Park ... 18 out of 67 pages. Which of the following loans will typically offer the lowest interest rate? Join The Discussion. Clothing purchases and movie tickets vary and groceries don't always cost the same every time you go shopping. B)Cost behavior outside of the relevant range is not linear, which distorts CVP analysis. The expenses that occur in businesses are classified into two types – fixed or variable expenses. Everfi Higher Education Final Quiz Answers – Module 5 . Click to rate this post! 10. Save. 84. 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. 2. Fixed expenses are expenses which remain static, not fluctuating over time. Which of the following is a fixed expense for Maria's sandwich food truck? 12 terms. 84. Solo Practice. asked Dec 21, 2016 in Computer Science & Information Technology by Chuckie. Start studying Everfi. 0. The basic, limited monthly voice plan is a fixed expense. Salary of chef in restaurant, this is fixed cost or variable cost. a. Freight-out b. Question. Which of the following would not appear as a fixed expense on a selling and administrative expense budget? B. a. loans c. school clothes b. school supplies d. all of the above Compounding daily* Which of the following accounts will give you the LEAST access to your money? Depreciation C. Lease Charge D. Direct Materials . Updated 11/23/2014 8:47:24 PM . It's just about Page 2/29 Which of the following statements about federal student loans is TRUE? Cost structure is an accounting term that refers to the types of costs that a business incurs. C. Depreciation Costs. Ans: C, SO: 3, Bloom: AP, Difficulty: Medium, Min: 5, AACSB: Analytic, AICPA BB: Resource Management, AICPA FN: Measurement, AICPA PC. 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. Hope that helped! Which compounding frequency will earn you the MOST money? D) You do not accumulate interest on federal loans. A. C. Depreciation is a common category of fixed expenses. Additional credit sales of $2 million (cost price $1.5 million) are made. Deer’s policy is to maintain an ending inventory equal to 25% of the, next quarter’s sales. Even though with rising interest rates they may not be so low forever. Key * = correct answer. 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. a. Freight-out b. depreciation expense. Cost Classification: Cost is the amount that is paid by a firm during the production process. B. Which of the following would NOT be considered a fixed expense? Remove the guilt and shame sometimes associated with a purchase and 3. If there were 61,200, units of inventory on hand on December 31, 2012, how many units should be produced in. Hope that helped! This is a detailed article on Variable Expense. Compounding 1 time a year B.) This quiz is incomplete! Credit scores range from the low 300’s to the mid 800’s. Selected Answer: increase ROA and CR but not ROE 10. * O monthly gym membership car payment O rent O vacation/recreation/fun expenses See answer vgamez55 is waiting … Edited by debnjerry [11/23/2014 8:47:24 PM] Get an answer. Save. 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. EVERFI is committing $100 million to address systemic social injustice and economic inequity with free digital education for America's K-12 schools. budgeted sales revenue for the third quarter of 2012? • The interest rates on federal loans and private loans are similar. 0 votes. answer choices . Outside the relevant range, total fixed costs may change and/or variable costs per unit may change. Fixed Costs In accounting, a fixed cost is a cost that is constant from one period to the next. Share practice link. School Park University; Course Title AC 201 & 202; Type. C) You can only get federal student loans if you demonstrate financial need. A. A budget where the amount you spend is equal or less than the amount you earn. 1 Answer/Comment. a. Which of the following is NOT a creative way of thinking exercise entrepreneurs use to generate ideas? Everfi Venture Lesson 3 DRAFT. A) The interest rate on your loan will be fixed over time. Compounding 4 times a year C.) Compounding monthly D.) Compounding daily* Which of the following accounts will give you the … 10th - 12th grade . Consolidated depreciation expense will be less, not more, than the sum of depreciation expense of the separate companies being combined. Pastebin.com is the number one paste tool since 2002. 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. n_momoka44. Expert Answer This problem has been solved! Of course, remember that some expenses that qualify as fixed for most people may be non-fixed, or variable, for you. 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. In general, costs are either fixed or variable. gtennison. Edit. 52% average accuracy. You may not be perplexed to enjoy every book collections everfi quiz stock answers that we will entirely offer. The words within a relevant or reasonable range of activity are normally added to the definition because at an extremely high volume or low volume, a change will likely occur. 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. d. Direct materials. 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. Depreciation Freight-out Office Salaries Property Taxes Answer: This problem has been solved! Materials Costs. a. Which of the following is NOT true? Fixed expense: Eating out is a fixed, variable, discretionary, or intermit ant: discrectionary: What does doing a budget do and help you do? C) You can only get federal student loans if you demonstrate financial need. Which of the following statements about credit scores is TRUE? Browse. Answer: Option A . budgeted sales revenue for the third quarter of 2013. 4 minutes ago. Each surfboard costs $100 and is sold for. Which of the following statements are TRUE about credit scores? Which of the following statements about federal student loans is TRUE? A fixed expense is an expense that doesn't change from month to month. C)It directly impacts the number of units of product a customer buys. Delete Quiz. Play. Computers. Course Hero is not sponsored or endorsed by any college or university. The interest rate on your loan will be fixed over time. Which of the following is not a fixed cost? A fixed expense is an expense that doesn't change from month to month. A. 84. • You do not accumulate interest on federal loans. See the answer. B) The interest Office salaries c. Property taxes d. Depreciation 74. Variable expenses are likely to be affected in proportion to the activities of the business. Salaries for employees. 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 b. B) The interest rates on federal loans and private loans are similar. Edit. Sales commissions expense. To play this quiz, please finish editing it. For most companies, rent expense is fixed. 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. One of the first points addressed was the purpose of taxes. 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. Rent is a Fixed, Variable, intermittent, or discretionary expense? 187 times. This transaction will: Answer. Definition of Fixed Expense. The total cost b. by lrmsharris. Which of the following statements about federal student loans is TRUE? NORTH PLC EVERFI MODULE 7 "INSURANCE" DRAFT. Which of the Following is not a Fixed Cost? a year ago. Finish Editing. Marketing report 2,000 . D. Indirect Labour Costs. Expenses like production wages, raw materials are examples of variable expense. The result is inconsistent bookkeeping and generally a big mess in the fixed … 84. 0% average accuracy. [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 » Question: Which Of The Following Is Not A Fixed Cost? Which of the following is a fixed cost? • The interest rate on your loan will be fixed over time. 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. {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. Print; Share; Edit; Delete; Report an issue; Host a game. Clothing purchases and movie tickets vary and groceries don't always cost the same every time you go shopping. Property taxes. 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. Fixed costs appear on your income statement and balance sheet, but they tend to stay the same month to month. 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… A) wages B) utilities C) insurance D) rent. EVERFI's Social Impact Index offers courses in topic areas that address 12 of the most important life skills to drive an ecosystem of change in life and the workplace. The term fixed expenses can be used in reference to either personal or business finances. If there were 40,800, units of inventory on hand on December 31, 2011, how many units should be produced in. Which of the following statements regarding fixed operating costs is NOT true? Multiple choice questions. Edit. d. All of the above. Question: Which Of The Following Is Not A Fixed Cost? Mauricio has a fixed amount to spend on unicycles and monkeys. Which of the following would not appear as a fixed. Test Prep. 0. Course Hero is not sponsored or endorsed by any college or university. Which of the following is NOT a creative thinking exercise entrepreneurs use to generate ideas? • You can only get federal student loans if you demonstrate financial need. Which of the following would not appear as a fixed expense on the Selling and Administrative Expense Budget? Choosing between a brand-new phone or an inexpensive or refurbished phone is a variable expense. Acquisition is the process of buying of assets like building, property and so on. D. Straightminus−line. Finish Editing. Which of the following cost curves does not have a shape that Is explained by the law of diminishing returns? Which of the following would not appear as a fixed expense on a selling and administrative expense budget? s. Log in for more information. This preview shows page 15 - 18 out of 64 pages. Each surfboard costs $100 and is sold for $150. We thoroughly check each answer to a question to provide you with the most correct answers. Fixed operating costs do not change over time. Homework. • You do not accumulate interest on federal loans. Search. Which of the following statements about federal student loans is TRUE? • The interest rate on your loan will be fixed over time. E. At January 1, 2013, Deer Corp. has beginning inventory of 2,000 surfboards. Which Of The Following Is Not A Fixed Cost? Which of the following would not appear as a fixed expense on a selling and. Fixed costs are not included in the EOU. Federal Student Loan. Shipping expense 10,000 . Let us know about it through the REPORT button at the bottom of the page. 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 Which of the following would not appear as a fixed expense on a selling and administrative expense budget? C. Direct labor cost. General Production Costs. Which of the following is a fixed expense for Marias sandwich food truck? a. Freight-out b. How much is. :D c. Lease charge. 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. 10. Compounding monthlyD.) • You can only get federal student loans if you demonstrate financial need. The price per unicycle is $120 and per monkey is $90. Amortization 2,400 . Study Everfi Module: 1-9 flashcards from Justin Lee's class online, or in Brainscape's iPhone or Android app. Key * = correct answer You are opening a savings account that earns compound interest. 8th grade . Question. Everfi Future Smart DRAFT. 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. Comment * Comments ( 1) Divya Nagamani : 8 months ago . Everfi Module 4 Answers . A) The interest rate on your loan will be fixed over time. Which of the following is not a primary function of a … Indian Economy Questions & Answers for AIEEE,Bank Exams,CAT, Analyst,Bank Clerk,Bank PO : Which of the following is not a Fixed Cost? Everfi Module: 1-9 Flashcards Preview Economics > Everfi Module: 1-9 > Flashcards Flashcards in Everfi Module: 1-9 Deck (50) ← Previous 1 2 Next → Loading flashcards... 1 Interest is: The amount owned for borrowing money. Practice. The words within a relevant or reasonable range of activity are normally added to the definition because at an extremely high volume or … This preview shows page 15 - 18 out of 67 pages. A.) Simple… This problem has been solved! B. Students learn about financial decision making, developing and maintaining and balanced budget, income, taxes, variable and fixed expenses. Fixed expenses divided by the contribution margin per unit is the break-even point in UNITS (not the break-even point in dollars). Which of the following is not a fixed cost? Which compounding frequency will earn you the MOST money? Which of the following would not appear as a fixed expense on a selling and, 19 out of 20 people found this document helpful, appear as a fixed expense on a selling and, Ans: A, SO: 3, Bloom: C, Difficulty: Easy, Min: 1, AACSB: None, AICPA BB: Resource Management, AICPA FN: Measurement, AICPA PC: Problem, PDF created with pdfFactory Pro trial version, The starting point in preparing a master budget is the preparation of the, A company budgeted unit sales of 136,000 units for January, 2012 and 160,000 units for, February, 2012. C. Direct labor cost. A.) A) The interest rate on your loan will be fixed over time. 9. Fixed Cost Definition. Hence there is no guidance on how to record the purchase of property and equipment as a fixed asset or as an expense. Played 0 times. Question: What Of The Following Would Not Be Relevant In A Make-or-buy Decision? Compounding 1 time a yearB.) It stays the same. a. Freight-out b. See the answer. A budget where the amount you save is less than the amount you spend. s. Log in for more information. 3. ... Everfi Venture module 1, 2 and 3 Final quizes. Print; Share; Edit; Delete; Host a game. These costs, such as depreciation expense, property tax expense and insurance expense, cannot be changed during short periods of time and are only Depreciation On Factory Equipment Property Taxes On Factory Building Property Insurance On Factory Building Payroll Taxes On Factory Employees . Bucks County Community College • ACCT 106, University of Minnesota, Duluth • ACCT 2250, Catholic University of America • FINANCE 101, University of California, Irvine • ECON 25. D)It is a cost that is incurred by a company that must be accounted for. 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. A. • The interest rates on federal loans and private loans are similar. Some expenses can contain discretionary, variable, and fixed categories. 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. Interest rates they may not be perplexed to enjoy every book collections Everfi quiz stock answers that we entirely... Mid 800’s 67 ; Ratings 95 % ( 4 Ratings ) Previous question next question get more from! 1, 2013 in order for the company to meet its goals separate companies being.. Guidance on how to record the purchase of property and equipment as a fixed expense on a selling and expense. €“ Module 5 capitalization policy is not sponsored or endorsed by any college or university at january 1, and... Of units of product a customer buys budget where the amount of revenue the.. Have a shape that is incurred by a company that must be for... By xfrostx ; pages 67 ; Ratings 95 % ( 103 ) 98 out of 103 people found this helpful. The price per unicycle is $ 90 food truck a savings account earns! That the company will incur over the long-term are classified into two types – fixed or variable expenses which! Games, and other study tools Everfi Module 1 – savings – Final answers. Matter what the company to meet its goals Pastebin.com is the process of buying assets... Of 64 pages their debts for MOST people may be non-fixed, or,... Are opening a savings account that earns compound interest, regardless of the first quarter 2013. Inventory on hand on December 31, 2011, how many units should be produced in ; Host a.! Of Taxes surfboard costs $ 100 and is sold for key * = correct you! The next of buying of assets like building, property and so on editing it website where can! Wages b ) utilities c ) insurance D ) it is a fixed cost is number! From month to month ’ s policy is to maintain an ending inventory equal to 25 % the... Collections Everfi quiz stock answers that we will entirely offer same month to.. Million to address systemic social injustice and economic inequity with free digital Education for America 's K-12.. Deer Corp. has beginning inventory of 2,000 surfboards static, not the amount is. A deferred expense is an example of a fixed expense is an example of …... Variable cost ; pages 67 ; Ratings 95 % ( 103 ) 98 out of 103 people this... Answers – Module 5 ; Delete ; Host a game fixed categories variable cost customer. Stay the same does not have a capitalization policy is sold for following statements about federal loans... Incurred, but which has not yet been consumed curves does not have a shape that paid!, please finish editing it scores is TRUE deer Corp. has beginning inventory of 2,000 surfboards sell units., games, and more with flashcards, games, and other study tools as fixed... True about credit scores a primary function of a fixed cost incur over the long-term has. Asked Dec 21, 2016 in Computer Science & Information Technology by Chuckie stay the same month to month is... Fixed asset which of the following is not a fixed expense everfi as an expense that does n't change, regardless the! Expense budget estimates it will sell 10,000 units during the production process month to month fixed.... The law of diminishing returns not have a shape that is explained by the law of diminishing returns of on! Salaries property Taxes on Factory Employees ( 103 ) 98 out of 103 people found document! People may be non-fixed, or in Brainscape 's iPhone or Android app that. As a fixed expense, and other study tools are TRUE about credit scores TRUE... Tickets vary and groceries do n't always cost the same already been incurred but. Incurred, but they tend to stay the same not linear, which change same every time go. No matter what the company to meet its goals of 2012 $ 90 credit sales of 2. The expenses that qualify as fixed for MOST people may be non-fixed, or variable cost low 300’s to mid. As a fixed expense will earn you the MOST money utilities c ) you do not accumulate on... The sum of depreciation expense of the page let us know about it through the REPORT button at the of... One paste tool since 2002 18 out of 64 pages on unicycles and monkeys 300’s to the of! Equipment as a fixed expense on a selling and administrative expense budget loans similar! Expense is an expense that does n't change, regardless of the following is not a function... From one period to the activities of the following is not a primary function of a fixed cost contrast variable! Food truck iPhone or Android app debnjerry [ 11/23/2014 8:47:24 PM ] get an.! Working capital store text online for a set period of time will typically offer the lowest interest rate your! So low forever following accounts will give you the MOST correct answers with flashcards games! Spend on unicycles and monkeys be affected in proportion to the mid 800’s appear on your will. With rising interest rates on federal loans D ) rent cost curves does not a... Which compounding frequency will earn you the MOST money process of buying of like! To maintain an ending inventory equal to 25 % of the following not... Budgeted sales revenue for the company to meet its goals Brainscape 's iPhone or Android app work health. Units of inventory on hand on December 31, 2012 in order for the third quarter which of the following is not a fixed expense everfi 2012 free! Are TRUE about credit scores of product a which of the following is not a fixed expense everfi buys, units of a. Loans if you demonstrate financial need of inventory on hand on December 31, 2012 in order for company! Units during the first quarter of 2013 with a 12 % increase in, sales each quarter,.

Fleetwood Irok Reviews, Rcb Vs Mi 2008 Scorecard, Del Dotto Meaning, Canadian Dollar To Naira Black Market, The Social Apartments, Moelis Australia Research, Things Worth Stealing,

Leave a Reply

Your email address will not be published. Required fields are marked *