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Flexible Expenses
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∙ 13y ago
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What is a flux analysis?
It is a change in the Income and Expenses for a Company. Its is usually on a month to month basis.
Which term represents budget items that change in value from month to month?
variable expenses
What of these must be budgeted based on an approximation of the previous month's expenses?
variable 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 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 an expense that does not change each month?
fixed expenses do not change, variable expenses do.
Is an expenses that does not change each month?
Fixed cost
What is a flux analysis?
It is a change in the Income and Expenses for a Company. Its is usually on a month to month basis.
Which term represents budget items that change in value from month to month?
variable expenses
What are the two classifications of family expenditures?
A family's expenses can be budgeted under two main categories, fixed and variable. Fixed expenses are those such as insurance premiums which do not change from month to month, while a variable expense would be one such as an electric bill which can vary widely from month to month.
If you have expenses of 2000 per month how much would you need to make a month to cover those expenses?
2000
What of these must be budgeted based on an approximation of the previous month's expenses?
variable expenses
What are variable monthly expenses?
expenses change
Which of these is the best description of fixed expenses?
the budget items that do not vary from month to month.
Which type of expenses is easiest for you to change?
If you eliminate your wants and focus on your needs, your expenses will change.
If you pay your last month expenses on the following month is it still credited as an expense for the previous month or considered as a current month expense?
yes
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
