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Is withdrawal considered a miscellaneous expense?
no
Are miscellaneous expenses an administrative expense or a selling expense?
Administrative one.
Is a miscellaneous expense a debit or a credit?
debit
Is administrative expense a fixed cost or variable?
Fixed
What is a fixed expense?
A fixed expense is an expense that doesn't change, regardless of the activity level. For most companies, rent expense is fixed. No matter what the company's sales volume, rent expense stays the same.
Can an expense be defined as variable cost and fixed costs?
depending on if the expense is a recurring is whether or not it can be fixed . most expense are unseen and therefore can not be put in as a fixed cost
Is Advertising fixed costs?
If advertising expense is fixed and has no concern with level of sales then it Is fixed but if it is changed with the change in level of sales then It is variable cost.
Is withdrawal considered a miscellaneous expense?
no
What does miscellaneous mean in business?
Generally it means things that do not fit into established categories. For example, in finance or accounting, a miscellaneous expense is one that cannot or is not convenient to be entered into categorized expense accounts and is thus entered into the miscellaneous expense account.
Are miscellaneous expenses an administrative expense or a selling expense?
Administrative one.
Is a miscellaneous expense a debit or a credit?
debit
Is administrative expense a fixed cost or variable?
Fixed
What cost contains a combination of fixed and variable costs?
Many costs includes fixed as well as variable portion for example electricity cost in which there may be some portion of expense which remains fixed while some change due to higer or lower production.
Is a car payment a variable expense or liability?
A car is a variable expense having the following properties: Car payment ( fixed Expense) Maintenance and usage costs (variable) So in total it is a variable expense. A car payment is considered a liability.
What is a fixed expense?
A fixed expense is an expense that doesn't change, regardless of the activity level. For most companies, rent expense is fixed. No matter what the company's sales volume, rent expense stays the same.
Is insurance a fixed expense?
In simple terms, yes... Such expenses like dues, loans and insurance are fixed expenses. Variable expenses are those that fluctuate in proportion to supply and demand, hourly production costs, packaging and shipping costs.
What are the fixed costs that one should allow for when budgeting?
A fixed expense is a cost or overhead that remains the same each week, fortnight, month, quarter or year. An example of a fixed cost would be rent or a fixed mortgage repayment.
