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Expenses that are the same every month are typically referred to as fixed expenses. These can include rent or mortgage payments, insurance premiums, subscription services, and certain utility bills that remain stable. Understanding these costs helps in budgeting and financial planning, as they provide a predictable baseline for monthly expenditures. Managing fixed expenses effectively can contribute to overall financial stability.
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Are General Expenses a fixed Cost?
Some general expenses are fixed, meaning that they are the same amount every month, but many are not. When the expense depends on usage, such as electricity, it will not be fixed, but will vary from month to month. An example of a fixed general expense would be a monthly retainer or fee paid to an accountant or lawyer. If the expense is the same amount every month, it is called a fixed cost.
What Expenses that change from month to month?
Flexible Expenses
What is the difference between fixed expenses and flexible expenses?
A fixed expense is an expense that will cost you the same month by month. Such as rent, mortgage, car payment, student loans, ect. Flexible expense, refers to expenses that vary month by month, like your gas, phone, and electric bill. Flexible expenses may also include money budgeted for clothes,food, entertainment, and savings. Things that may not cost you the same month to month. It's important to know the difference so you can budget accordingly. Source: http://answers.yahoo.com/question/index?qid=20071101143515AABFl80
What of these must be budgeted based on an approximation of the previous month's expenses?
variable expenses
What is matching principle of accounts?
The matching principle refers to matching related income and expense items in the same accounting period. For example, if you had a store and had a big sale event on the last day of the month, and recorded all the income for that day, you would also want to make sure you accrued all the expenses related to the event (advertising, etc.) even though some of those expenses might not be paid until the following month. Similarly, if you had paid any expenses in the month before the sale, you would want to defer those expenses and call them "prepaid expenses" until the month of the sale.
What is meant by fixed overhead costs?
Means all the bills and expenses for the business are the same every month.
Are General Expenses a fixed Cost?
Some general expenses are fixed, meaning that they are the same amount every month, but many are not. When the expense depends on usage, such as electricity, it will not be fixed, but will vary from month to month. An example of a fixed general expense would be a monthly retainer or fee paid to an accountant or lawyer. If the expense is the same amount every month, it is called a fixed cost.
What is the main difference between fixed and monthly expenses?
The opposite of "fixed" expenses are "variable" expenses. You would have both fixed and variable expenses every month.Fixed expenses are the same amount every month - no matter what.Variable expenses are different (they vary) every month depending on choices you make every month.Examples of fixed expenses:rent - it's the same amount whether you're there every day or on vacation for 2 weekscar payment - it's the same whether you drive it daily or it's in the garagestudent loans -garbage collection - (unless you have them haul off furniture or appliances)Examples of variable expenses:electric - the more you use, the higher your billwater - the more you use, the higher your billgroceries - depends on what you buy each weekentertainment - renting movies vs. going out to dinner vs. going to the beach vs. road trip vs. amusement park vs. bar with friends
What Expenses that change from month to month?
Flexible Expenses
Can a expense be defined as variable cost and a fixed costs?
Some expenses are the same amount each month and some vary. Mortgage and taxes stay the same each month. Expenses that vary are electricity, gas, and food.
What is the difference between fixed expenses and flexible expenses?
A fixed expense is an expense that will cost you the same month by month. Such as rent, mortgage, car payment, student loans, ect. Flexible expense, refers to expenses that vary month by month, like your gas, phone, and electric bill. Flexible expenses may also include money budgeted for clothes,food, entertainment, and savings. Things that may not cost you the same month to month. It's important to know the difference so you can budget accordingly. Source: http://answers.yahoo.com/question/index?qid=20071101143515AABFl80
What is out standing expense?
The expenses remaining unpaid at the end of the accounting period are called outstanding expenses.Certainly expenses like salaries,rent etc. of the every month will be paid in the next months.
If you have expenses of 2000 per month how much would you need to make a month to cover those expenses?
2000
What do whales do every month?
Whales do the same thing every month.But, every year they migrate.
Will the menstrual cycle day remain the same every month?
No
Why doesn't every month have the same amount of days?
Since there are 365.25 days in a year (approximately, if every month had the same number of days, the calendar would soon be out of synch with the seasons.
What of these must be budgeted based on an approximation of the previous month's expenses?
variable expenses
