Answered

Discover the best answers to your questions with the help of IDNLearn.com. Join our knowledgeable community to find the answers you need for any topic or issue.

What are the differences between fixed expenses and variable expenses? Give two examples of each.

Sagot :

GinnyAnsweridn

Final answer:

Fixed expenses stay constant, while variable expenses change based on needs and wants.


Explanation:

Fixed expenses are costs that remain constant regardless of the level of output, such as rent or insurance payments. Variable expenses fluctuate based on needs and wants, like groceries or dining out.

Examples:

  • Fixed expenses: Rent, Insurance
  • Variable expenses: Groceries, Dining out

Learn more about Fixed and Variable Expenses here:

https://brainly.com/question/31781521


We are happy to have you as part of our community. Keep asking, answering, and sharing your insights. Together, we can create a valuable knowledge resource. Your search for solutions ends at IDNLearn.com. Thank you for visiting, and we look forward to helping you again.