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Why are expenses important?

Updated: 9/24/2023
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Q: Why are expenses important?
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Why are fixed and variable expenses important to your budget?

they are important because you have to pay fixed and they are accountable. variable expenses are important because they can change your budget.


Are fixed expenses more important than variable expenses?

they are both inportant, because they both burn your money.


What is the connection between profit costs and expenses?

Profit, costs, and expenses are important within any business' profit and loss statements. The connection is that anything that is more than the costs and expenses of a product or service offered by a business is profit.


What is the most important value of health insurance?

It reduces the amount you pay for medical expenses.


What is notional cost?

Nominal cost is the money cost of production.It is also called expenses of production.These expenses are important from the vier of the producer.He must make sure that the price of the product,in the long run, covers these expenses including normal profit,otherwise he cannot afford to carry on the business Nominal cost is the money cost of production.It is also called expenses of production.These expenses are important from the vier of the producer.He must make sure that the price of the product,in the long run, covers these expenses including normal profit,otherwise he cannot afford to carry on the business


What ia expenses?

Expenses are the costs or expenditures incurred by an individual, business, or organization in order to generate revenue or operate. These can include items such as utilities, rent, wages, supplies, and other necessary costs to maintain or grow the entity. Tracking and managing expenses is important for budgeting and financial planning.


How important is it to have accident insurance?

It is important to have accident insurance in order to be prepared for the unexpected. Having accident insurance will prevent major expenses but not all resulting in an accident.


Why math is important in dress making?

Dress making contains math skills such as: Measurements Area Proportions Expenses :)


When is time value of money concept not important to a business?

When all expenses have made to recover project that a businessman needs.


What are the two types of expenses?

fixed expenses and variable expenses


What are non factory expenses?

general and administrative expenses marketing expenses


What is irregular expenses?

the expenses which will be not regular like penalty, miscellaneous expenses