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What best describes fixed expenses?
Fixed expenses are regular, recurring costs that do not fluctuate with changes in activity or usage levels. Examples include rent, mortgage payments, insurance premiums, and subscription services. These expenses remain constant over a specific period, making them predictable and easier to budget for. Understanding fixed expenses is essential for effective financial planning and management.
What are the two types of expenses?
fixed expenses and variable expenses
How are variable expenses different from fixed expenses?
Variable expenses are those expenses which vary according to production level while fixed expenses are those expenses which have no effect of production level and remain same.
What is unrecoverable expenses?
Unrecoverable expenses are out of pocket expenses that you cannot obtain reimbursement on
Is preliminary expenses is a administrative expenses or selling expenses?
Preliminary expenses are neither administrative expenses nor selling expenses rather these are classified as other assets in balance sheet and amortized over period of life of business.
What of these describes expenses?
the amount of money you have spent
What are six items an effective financial plan identifies describes or explains?
Identifies the assets that need to be purchased Describes the amount of money a business needs to start and operate Describes the expenses the business will incur and explains how a business will cover its expenses Describes how the business will document and report financial records Forecasts finances to project future profitability Explains how the business will acquire money to grow or expand
What is gross operating profit in hotel?
Gross operating profit, or GOP, describes the current line 'Income After Undistributed Operating Expenses' under the Uniform System of Accounts for the Lodging.
What are the two types of expenses?
fixed expenses and variable expenses
Which statement BEST describes the situation between laborers and industrialists with regards to salaries during the late-1800s?
Laborers wages rose but so did expenses and the cost of living in industrial areas.
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
What are the expenses of being a lawyer?
There are many expenses of being a lawyer. These can be monetary expenses as well as emotional expenses of the profession.
Petty cash account details?
when we use laundry and cleaning expenses,meals and entertainment expenses,office expenses,pantry items expenses,travelling expenses etc.. what are the expenses will come each cotogories
How are variable expenses different from fixed expenses?
Variable expenses are those expenses which vary according to production level while fixed expenses are those expenses which have no effect of production level and remain same.
What is Promotion expenses is it an expense or current liability?
it is Administative Expenses And Indirect Expenses
What is unrecoverable expenses?
Unrecoverable expenses are out of pocket expenses that you cannot obtain reimbursement on
