a) Five threats to internal validity in this context:1. Selection bias: Suppose that individuals who choose to do community service are motivated by something other than a desire to help others and are not representative of those who do not do community service. As a result, any difference in outcomes observed between the two groups may be attributable to differences in the motivations, skills, or abilities of the two groups rather than to the community service itself.
2. History: If a major event occurs in the community or society during the study period that affects both the treatment and the control group, it may be difficult to tell whether any observed difference in outcomes is due to the intervention or to the external event.
3. Regression to the mean: Suppose that individuals who have a very high level of need or a very low level of ability are more likely to seek out community service opportunities. When these individuals are subsequently re-measured, their outcomes may be more likely to move toward the mean, even in the absence of any treatment effect.
4. Maturation: If the study is conducted over a long period of time, it is possible that the participants will simply get better over time due to factors unrelated to the intervention.
5. Testing: If the same individuals are tested repeatedly, they may become more skilled or more knowledgeable over time, making it difficult to determine whether any changes in outcomes are due to the intervention or to the effects of repeated testing.
b) The lottery number cannot be a valid instrument for CommSer, for the following reasons:
1. Non-compliance: Participants who were assigned to do community service may refuse to do so, making it impossible to determine whether the lottery number actually had an effect on outcomes.
2. Cross-contamination: Participants who were not assigned to do community service may choose to do so anyway, either because they feel guilty or because they see others in the community doing so.
3. Relevance: The lottery number may not be strongly correlated with the desire or ability to do community service. Therefore, using it as an instrumental variable may not lead to valid estimates of the causal effect of community service.
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Jaime, a new student, was placed in a study group to prepare for an upcoming science test. Science is a difficult subject for him, and he was worried about failing the test. However, after a few study group sessions, he was much more comfortable with the concepts. Fellow group member Mike was able to explain cell division to him in a way he could finally understand! Jaime looked forward to learning more in each session and enjoyed getting to know his fellow group members. He even made plans to go to a movie with his new friends!
Which benefits of collaboration are evident in the scenario? Check all that apply.
Jaime was engaged in his learning.
Jaime formed a community bond.
Jaime remembered what he learned at test time.
Jaime got a fresh perspective on how to learn something that had been difficult in the past.
Jaime now understands the concepts more deeply.
Answer:a,b.d,e
Explanation:
all except for the one in the middle
Answer:
a, d, b, &e
Explanation:
Which of the following students is most likely to receive a merit-based scholarship?
A.
a student from a low-income family
B.
a student with a delinquency record
C.
a student from a political family
D.
a student with a high academic score
E.
a student from a middle-income family
Answer:
D
Explanation:
which is a way to increase your net worth
Ways to increase your net worth are
Contribute more money to your retirement fund.Reduce your spending.It's time to get rid of high-interest loans.Make a contingency fund. This is further explained below.What is net worth?Generally, taking into consideration all financial assets and obligations of a person/company/household.
In conclusion, Consolidate or renegotiate your debts.
Keep your vehicles for as long as you can.
Boost your wages
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An investor purchases bonds with a face value of $100,000. Payment for the
bonds includes (a) a premium (b) accrued interest rate and (c) brokerage
fees. How would each of these charges be recorded and what disposition
would ultimately be made of each of these charges??
An investor purchases bonds with a face value of $100,000. Payment for the bonds includes a premium, accrued interest rate and brokerage fees. The disposition of each of these charges are as follows:
The premium is the excess amount of money that the investor pays above the par value of the bond. It is recorded as a contra liability, a long-term asset, or a bond discount. The premium is amortized over the life of the bond, reducing the interest expense each period. Premium is eventually reduced to zero by the end of the bond's life.b. Accrued Interest: Accrued interest is the amount of interest earned between the last interest payment date and the bond purchase date. The investor receives this interest amount in the first interest payment, which is recorded as income. Interest expense is also recorded when the investor purchases the bond, reducing the net cost of the investment. Accrued interest is recognized in the income statement of the investor.c. Brokerage Fees: Brokerage fees are incurred by the investor when purchasing the bond. They are recorded as an expense in the income statement of the investor.
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According to the reading, the main body of a business plan does NOT normally include which of the following:
According to the reading, the main body of a business plan does not normally include a full roster with names, of all planned hires for at least six months.
A business plan refers to a written document that helps in describing the activities of a business, its objectives, and how it intends to achieve its goals.,It should be noted that a good business plan should include the executive summary, the products and services that the company offers, their analysis, and the marketing strategies. A business plan is required in order to attract investors. It's also useful so that the company can have an effective strategy in place that will be used for the company's growth.Read related link on:
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Answer:
D-A full roster, with names, of all planned hires for at least six months.
Explanation:
took the quiz
When should a firm consider expanding from strictly domestic trade to international trade? When should it consider becoming further involved in international trade? What factors might affect the firms desicions in each case?
Answer: When they begin to get trades beyond how their previous annual turn over and international requests
Explanation:
Many businesses start from homes due to they can't afford to pay or rent a property yet while run their business. Businesses have different methods of operation, while some operate strickly domestically, others might want to either sell domestically too or do same alongside internationally.
A company can begin expanding or considering international trade on it's sales when they begin to receive large recommendation and request internationally.
The factors that might affect most cases always be fear and cost related. Fear of being kicked out of the market by competitors and cost in the sense of competitors beating his prices to give them a challenge.
Any firm should start consider expanding from domestic trade to international trade when its has already saturated the domestic market and needed to expand outside of the country for further growth opportunities.
Normally, a company can begin expanding its scale on international trade when they begin to receive large recommendation and request internationally.
Also, some of the factors that might affect them includes operation cost, trade barrier, competitors etc, in the international market etc
However, a firm should start consider expanding from domestic trade to international trade when its has already saturated the domestic market and needed to expand outside of the country for further growth opportunities.
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Keri is making doll clothes for a holiday craft show. the wholesale cost of the materials for one outfit is $9.38. if she sells an outfit for $15, what is the percent of markup? round to the nearest percent.
The percent of markup is calculated by dividing the selling price by the cost of the materials:
Markup % = (Selling Price / Cost of Materials) x 100
Rounded to the nearest percent, the markup is 60%.
The percent of markup for Keri's doll clothes can be calculated by using the formula:
Markup Percent = [(Selling Price - Wholesale Cost) / Wholesale Cost] × 100
First, we need to find the difference between the selling price and the wholesale cost:
$15 - $9.38 = $5.62
Next, we need to divide this difference by the wholesale cost:
$5.62 / $9.38 = 0.599
Finally, we need to multiply this number by 100 to get the percent of markup:
0.599 × 100 = 59.9%
Rounding to the nearest percent, the markup percent for Keri's doll clothes is 60%.
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The rate at which a business increases revenue from sales is
Answer:
There are only four ways to increase revenue in your business: increase the number of consumers, increase the average transaction size, increase the frequency of transactions per client, and raise your rates.
Explanation:
sales on account for the first two months of the current year are budgeted as follows. january $ 434,000 february 352,000 all sales are made on terms of 2/10, n/30 (2 percent discount if paid in 10 days, full amount by 30 days); collections on accounts receivable are typically made as follows. collections within the month of sale: within discount period 60 % after discount period 15 collections within the month following sale: within discount period 15 after discount period 7 returns, allowances, and uncollectibles 3 total 100 %
The budgeted collections on accounts receivable for the first two months of the current year are approximately $480,340.
January Sales: $434,000
February Sales: $352,000
Collections within the month of sale:
Within discount period (10 days): 60%
After discount period (beyond 10 days): 15%
Collections within the month following the sale:
Within discount period (10 days): 15%
After discount period (beyond 10 days): 7%
Returns, allowances, and uncollectibles: 3%
Let's calculate the collections for each month:
January Collections:
Within discount period (10 days): $434,000 × 60% = $260,400
After discount period (beyond 10 days): $434,000 × 15% = $65,100
February Collections:
Within discount period (10 days): $352,000 × 15% = $52,800
After discount period (beyond 10 days): $352,000 × 7% = $24,640
Now, let's calculate the total collections for the first two months:
Total Collections = January Collections + February Collections
Total Collections = ($260,400 + $65,100) + ($52,800 + $24,640)
Total Collections = $402,900 + $77,440
Total Collections = $480,340
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State 2 problems a startup company might have rasining
finance
1. Fierce Competition
The corporate world is quite fierce. There is always a competition going on between the giants. Competition poses one of the biggest challenges for the survival of startup businesses. And if you have an online business startup, the competition gets tougher.
The competitive environment keeps the startups on their toes, as there is no margin of error available. Both B2B and B2C organizations always tend to feel the heat of the fierce competition. In order to survive in this competitive business environment that covers both traditional and online businesses, the startups need to play aggressively, and punch above their weight to gain the much needed recognition amongst the clusters of ever challenging and expanding businesses.
2. Unrealistic Expectations
Success does not come alone. It brings expectations with it. Most of the times, these expectations seem realistic, But in the real sense of the word, are merely unrealistic. This same concept holds true for young startups.
Startups tend to face challenges when they set ‘unrealistic expectations’ following a booming success. Remember, success is short-lived and expectations never end. This is where startups need to translate what the real expectations are? Sustainability is the name of the game. And sustainability requires consistent efforts.
Buckle retail outlet stores are typically located in major and regional indoor shopping centers. Buckle's products appeal to customers who enjoy dressing in the latest denim and casual fashion. The sales associates are trained to deliver a high level of customer service, offering suggestions on sizing, selection, and putting outfits together. In addition, associates assist with after-sale service and are able to handle returns and provide money back or store credit if a customer does not have their sales receipt. Thus, sales associates are _______ to do what's necessary to assure customer satisfaction and loyalty, since they have authority to solve customer problems on the spot.
The sales associate should be empowered for assuring customer satisfaction & loyalty at the time when there is an authority for solving out the customer problem on the spot.
The following information should be relevant:
The salesperson should be empowered that represent it that it could make the decision regularly in order to make the customer experience. Here the empowered means the authority or the power for controlling the own lives.Therefore we can conclude that the sales associate should be empowered for assuring customer satisfaction & loyalty at a time when there is an authority for solving out the customer's problem on the spot.
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Accurate sales forecasts help to determine staff and inventory.
True
False
what is defined as the subcontracting of services and operations to an outside vendor?
The practice of subcontracting services and operations to an outside vendor is commonly known as "outsourcing."
Outsourcing refers to the process of contracting with external vendors or third-party organizations to perform specific services or handle certain operations on behalf of a company.
It involves transferring the responsibility and execution of tasks or functions from internal resources to an external party.
The primary motivation behind outsourcing is to leverage the specialized expertise and resources of the vendor while focusing on core competencies and achieving cost efficiencies.
By outsourcing non-core activities, companies can benefit from several advantages.
First, outsourcing allows access to external talent, skills, and technologies that may not be readily available within the organization. It enables companies to tap into the vendor's expertise and experience in a particular area,
which can result in improved service quality and efficiency. Second, outsourcing can lead to cost savings through economies of scale, as vendors often have the infrastructure, resources, and processes in place to deliver services at a lower cost.
Additionally, outsourcing can provide flexibility in managing fluctuating demand, as external vendors can quickly scale up or down their services based on the company's needs.
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Which of the following describes the path–goal theory? ANSWER Unselected Identifies leadership style by measuring whether a person is task oriented or relationship oriented Unselected States that successful leadership depends on selecting the right leadership style contingent on the follower’s readiness Unselected Proposes that effective group performance depends on the proper match between the leader’s style and the degree to which the situation gives the leader control Unselected Suggests that it’s the leader’s job to provide followers with information, support, or other resources necessary to achieve goals
Answer:
I. The least preferred co-worker (LPC) questionnaire.
II. The situational leadership theory (SLT).
III. Fiedler contingency model.
IV. Path-goal theory.
Explanation:
A leader can be defined as an individual who is saddled with the responsibility of controlling, managing and maintaining a group of people under him or her.
Some types of power expressed by leaders are referent power, coercive, etc.
Generally, managers are typically involved in taking up leadership roles and as such are expected to be build a strong relationship between their employees or subordinates by creating a fair ground for effective communication and sharing of resources and information.
I. The least preferred co-worker (LPC) questionnaire: identifies leadership style by measuring whether a person is task oriented or relationship oriented.
II. The situational leadership theory (SLT): states that successful leadership depends on selecting the right leadership style contingent on the follower’s readiness.
III. Fiedler contingency model: proposes that effective group performance depends on the proper match between the leader’s style and the degree to which the situation gives the leader control.
IV. Path-goal theory: suggests that it’s the leader’s job to provide followers with information, support, or other resources necessary to achieve goals
a firm's earnings per share is not impacted by its financing plan at the point when
A firm's earnings per share (EPS) is not impacted by its financing plan at the point when the firm's weighted average cost of capital (WACC) remains constant and its operating income is not affected by the financing decision.
In this scenario, changes in the firm's capital structure do not influence the EPS, allowing for an unbiased comparison of investment alternatives.
When a firm changes its capital structure, it can affect the firm's cost of capital and operating income, which can, in turn, impact its EPS.
However, if the firm's weighted average cost of capital (WACC) remains constant and its operating income is not affected by the financing decision, the EPS will not be impacted by the firm's financing plan.
This is because the EPS is calculated based on the net income of the firm, which is not affected by changes in the capital structure if the WACC remains constant. In this scenario, changes in the capital structure only affect the cost of capital, which is reflected in the firm's WACC.
Therefore, if the WACC remains constant, the EPS will remain the same, allowing for an unbiased comparison of investment alternatives.
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as the size of a tax rises, the deadweight loss a. rises, and tax revenue first rises, then falls. b. rises as does tax revenue. c. falls as does tax revenue. d. falls, and tax revenue first rises, then falls.
As taxes increase, the deadweight loss from the tax increases. In fact, as taxes increase, the deadweight loss rises greater rapidly than the dimension of the tax.
What motives deadweight loss to increase?Deadweight losses particularly occur from an inefficient allocation of resources, created by using a range of interventions, such as fee ceilings, charge floors, monopolies, and taxes. These factors lead to the charge of a product now not being precisely reflected, meaning items are both overestimated or undervalued.
What does deadweight loss of tax depends on?Deadweight loss of taxation measures the ordinary economic loss precipitated by means of a new tax on a product or service. It analyses the limit in production and the decline in demand brought on through the imposition of a tax. It is a lost possibility cost.
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https://brainly.com/question/29802816#SPJ4why is workplace diversity so important in today’s business environment?
Answer:
Explanation:
Workplace diversity is important for several reasons in today's business environment:
Improved Decision Making: A diverse workplace brings together individuals with different perspectives, experiences, and backgrounds, leading to better decision making and problem solving.
Increased Creativity and Innovation: A workplace with a mix of different perspectives can lead to new and innovative ideas, and a more creative approach to problem solving.
Better Representation of Customer Base: A diverse workplace can help to better reflect the demographics of a company's customer base, leading to a better understanding of their needs and preferences.
Enhanced Reputation: Companies that are known for promoting diversity and inclusion are often viewed more favorably by both customers and employees, and may have an advantage in attracting and retaining top talent.
Improved Employee Satisfaction and Retention: A workplace that values diversity and provides equal opportunities for all employees can lead to a more positive and inclusive work environment, resulting in higher levels of employee satisfaction and reduced turnover.
Legal Compliance: Promoting diversity in the workplace is also important from a legal perspective, as there are laws and regulations in place to prevent discrimination in the workplace.
Overall, workplace diversity helps to create a more inclusive and productive work environment, which can lead to increased success for the business.
commercial banks hold deposits and
Jarvis Company produces a product that has a selling price of $25 and a variable cost of $17 per unit. The company's fixed costs are $63,000. What is the break-even point measured in sales dollars
Answer:
The break-even point measured in sales dollars is $8
What is your opinion on traditional directed government benefits versus
universal income?
Answer:
I believe that a form of universal income would be a better policy than the traditional directed government benefits or welfare.
Explanation:
This is because the idea of the universal income would be to replace the welfare programs, by giving people a reasonable amount of money so that they can decide by themselves in what utilities or amenities to spend that money.
Programs with poor incentives like food stamps, or inefficiently run public-programs, could be replaced by universal income without causing harm to ther beneficiaries, and possibly even generating more benefit.
How do I verify my LPC in Texas?
Visit the website at www.bhec.texas.gov/verify-a-license/index.html.
To search by license number, click the link.
To check the status of my license, which is in good standing and active status, enter my license number (36337) and click Search.
How can I find out whether my Texas LPC has been approved?You can check the status of any applications you've begun or finished in the past. By selecting the "Select" button from the Main Menu next to "Check Status of Your Applications. You can check your applications' status, the type of license they were submitted for, when they were submitted, and more here.
How frequently must you renew your Texas LPC license?A license holder must renew their license(s) every two years. Licensees are sent a postcard reminder at least 30 days before their renewal date to inform them that they need to renew their license.
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the balance sheet approach estimates expense by determining the appropriate carrying value of accounts receivable. (enter one word per blank.)
"The balance sheet approach estimates bad debt expense by determining the appropriate carrying value of accounts receivable."
The balance sheet approach is a method used to estimate bad debt expense by assessing the suitable carrying value of accounts receivable. It involves analyzing the financial statements, specifically the balance sheet, to determine the amount of accounts receivable that is likely to become uncollectible. T
his approach considers factors such as historical data, industry trends, and the creditworthiness of customers to evaluate the risk of non-payment. By estimating the portion of accounts receivable that will ultimately go bad, the balance sheet approach helps in determining the appropriate allowance for bad debts.
This estimation aids in reflecting a more accurate financial position by adjusting the carrying value of accounts receivable to account for potential losses due to bad debts.
This question should be provided as:
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Marcus started the brainstorming process by jotting down some ideas. What is his next step?
Redo the brainstorming process.
Find the first solution.
Organize his ideas into categories.
Create a list of pros and cons.
Answer:
Organize his ideas into categories.
Explanation:
I just did it ;)
Marcus started the brainstorming process by jotting down some ideas and his next step is organizing his ideas into categories. The correct option is c.
What is the brainstorming process?Brainstorming is a method of generating ideas and sharing knowledge to solve a particular commercial or technical problem, in which participants are encouraged to think without interruption.
Brainstorming is a group activity where each participant shares their ideas as soon as they come to mind. After the session, ideas are categorised and ranked for follow-on action. When planning a brainstorming session it is important to define clearly the topic to be addressed. A topic which is too specific can constrict thinking, while an ill-defined topic will not generate enough directly applicable ideas. The composition of the brainstorming group is important too.
It should include people linked directly with the subject as well as those who can contribute novel and unexpected ideas.
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Accounting Standard Board uses the following process in establishing Indian Accounting
standards:
(a) Exposure draft, Preliminary draft, Final draft, Standard
(b) Preliminary draft, Final draft, Exposure draft, Standard
(c) Preliminary draft, Exposure draft, Final draft, Standard
(d) Preliminary draft, Final draft, Exposure draft, Standard
The following procedure is used by the Accounting Standard Board to create Indian accounting standards. Standard, exposure draft, preliminary draft, and final draft.
Which standard setting body creates Indian accounting standards using the following procedure?The procedure used by the Accounting Standard Board to create Indian accounting standards is as follows: (A) The exposure draft, the preliminary draft, the final draft, and the standard.
What steps does the IASB take to establish accounting standards?When processing a new standard, the "due procedure" entails four steps. The actions are as follows: Consultation on the agenda, planned research, planned standard-setting, planned maintenance, including planned post-implementation assessments.
Who formed the accounting standard Board?An Accounting Standards Board (ASB) was established by the Institute of Chartered Accountants of India on April 21, 1977, after realizing the need to integrate the various accounting principles and practices now in use in India.
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walmart sells mostly inferior goods (in the economist’s sense) while target sells mostly normal goods. which retailers do you think did better during the 2008–2009 recession (the great recession)?
The two retailers, Walmart and Target, have unique sales strategies. Walmart, one of the world's most significant discount retailers, offers a wide range of products at low prices. In contrast, Target, a middle-market retailer, provides higher-quality items at reasonable prices.
Despite both retailers selling merchandise, they differ in the kind of products they provide and the price points at which they offer them. According to the economist's definition, inferior goods refer to those items that people demand less of when they have more money. These goods are frequently associated with low-cost retail chains and budget grocery stores. At the same time, normal goods are those items that people demand more of when they have more money. Normal goods, in general, are of higher quality and cost more money.
As a result, Target's items are classified as normal goods, while Walmart's items are classified as inferior products. The target market for both companies are also different. Walmart is mainly aimed at budget-conscious consumers who want to save money while Target is targeted towards middle-class families and consumers who want a high-quality shopping experience.
Meanwhile, Target's sales also increased in 2008 by 2.4 percent. Target’s stock value, however, declined by 41 percent during the same period. Walmart did better than Target during the 2008-2009 recession due to its low pricing strategy, which attracted budget-conscious shoppers looking to save money. It is evident that Walmart's focus on low prices and affordable products allowed it to perform better than Target during the recession.
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the return rate for each year of a 3-year investment are 3.1% (.031), 1% (.01), and 2% (.02). if the returns are compounded annually, what is the compounded rate of return over the 3 years? round to 2 decimal places.
If the earnings are compounded annually, the compounded earnings for 3 years is Rs. 15,000.
Let the amount be Rs. X
∴ The amount of Rs.x after the first year at an interest rate of 3% per annum.
Rs.x×(1+3100)=Rs.103x100
∴Year 2 Principal = Rs.103x100
Again, with compound interest of 2% per annum,
Rs. 103 x 100 amount
1 year = Rs.103x100(1+2100)=Rs.103x100×102100
∴Year 3 Principal = Rs. 103 x 100 x 102100
Currently, it operates at a compound interest rate of 1% per annum.
Rs.103x100x102100 amount
1 year
=Rs.103x100x102100x(1+1100)
= Rs.103 x 100 x 102100 x 101100
=Rs.101×102×102100×100×100.x
According to the question 101 × 102 × 103100 × 100 × 100.x = 15916.59
⇒x=15916.59×100×100×100101×102×103
⇒x=15000
∴Amount Required = Rs.15000
Dividend growth rate is the annual rate of growth that a particular stock's dividends experience over a specified period of time. Many mature companies strive to regularly increase the dividends paid out to their investors. Knowing the dividend earnings rate is an important input into the stock valuation model known as the dividend discount model.
Dividend Growth Calculates the average annual increase in dividends paid out by a company.
To value a stock using the dividend discount model, we need to calculate the dividend growth rate.
A history of large increases in dividends can mean that future dividend increases are likely, which can indicate long-term profitability.
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David owns 280 shares of stock in XYZ Inc and wants to win a seat on the board of directors. The firm has a total of 500 shares of stock outstanding. Each share receives one vote. Presently, the company is voting to elect three new directors. If XYZ Inc. uses cumulative voting how many seats is David assured on the board. multiple choice 3 0 2 1
David is assured of at least one seat on the board of directors if XYZ Inc. uses cumulative voting. Cumulative voting is a voting system in which shareholders are allowed to cast all of their votes for a single candidate, rather than having to spread their votes across multiple candidates.
To calculate how many seats David is assured, we first need to determine the total number of votes that will be cast in the election. Since there are 500 shares outstanding and each share receives one vote, there will be a total of 500 votes cast. Under cumulative voting, each shareholder is allowed to cast a number of votes equal to the number of shares they own multiplied by the number of directors being elected. In this case, three directors are being elected, so David will be able to cast 840 votes (280 shares x 3 directors).
To determine how many seats David is assured, we need to divide the total number of votes by the number of seats being elected plus one (the "+1" is added to account for the fact that David will be casting more votes than other shareholders). In this case, there are three seats being elected, so we divide the total number of votes (500) by four. This gives us 125, which means that any candidate who receives 125 or more votes is assured of a seat on the board.
Since David will be casting 840 votes, he is assured of at least one seat on the board (840 divided by 125 is 6.72, which means he will have more than enough votes to secure one seat). Therefore, the answer to the question is 1.
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Derby Phones is considering the introduction of a newmodel of headphones with the following price and cost characteristics. Sale price----$285 per unit, variable costs--140 per unit, and fixed costs 348,000 per month. What number must Derby sell to make an operating profit of $159,500 for the month
The units of headphones that must be sold to have an operating profit of $159,500 is 3497.
What is the units sold that would yield an operating profit of $159,500?
Operating profit is total profit that is earned from the daily business operations of a business. Operating profit is total revenue less fixed cost and variable cost.
How many units must be sold to have an operating profit of $159,500 = operating profit + fixed cost / (selling price - variable cost)
(159,000 + $348,000) / (285 - 140) = 3497
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there are these Karens at my house putting their trash in front of MY HOUSE and what can i do?
Answer:
call the cops
Explanation:
First have a conversation with them and if they do not understand simply be a Karen yourself and call the cops. I am pretty sure they will know what to do because that is YOUR property (or at least your own space that you pay for).
Fixed expenses are expenses that do not change from month to month, and variable expenses
are expenses that can fluctuate from month to month. Complete the second column of the
chart by determining if each expense is fixed or variable. (10 points - 2 points each)
Housing expense is a fixed expense, Food expense is a variable expense, Insurance and medical expense are variable expenses, Entertainment expense is variable expense and Savings for retirement expense is also a variable expense.
What do you mean by the fixed expenses and variable expenses?Fixed expenses are those expenses, which remain constant in each month. Some of the fixed expenses are monthly rent, insurance premium etc.
Variable expenses are those expenses, which can be changed. It is unpredictable such as repairs, medical expenses etc.
Fixed expenses generally remain the same each month.
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