The company has a policy of having an inventory of units on hand at the, end of each month equal to 30% of next month's budgeted unit sales. Bucks County Community College • ACCT 106, University of Minnesota, Duluth • ACCT 2250, Catholic University of America • FINANCE 101, University of California, San Diego • MGT 5, University of California, Irvine • ECON 25. a. Freight-out b. Practice. A) The interest rate on your loan will be fixed over time. Which of the following would not appear as a fixed expense on a selling and, 19 out of 20 people found this document helpful, appear as a fixed expense on a selling and, Ans: A, SO: 3, Bloom: C, Difficulty: Easy, Min: 1, AACSB: None, AICPA BB: Resource Management, AICPA FN: Measurement, AICPA PC: Problem, PDF created with pdfFactory Pro trial version, The starting point in preparing a master budget is the preparation of the, A company budgeted unit sales of 136,000 units for January, 2012 and 160,000 units for, February, 2012. Question: Which Of The Following Is Not A Fixed Cost? Learn vocabulary, terms, and more with flashcards, games, and other study tools. This problem has been solved! Everfi Future Smart DRAFT. 8th grade . Played 400 times. Print; Share; Edit; Delete; Report an issue; Host a game. January, 2012 in order for the company to meet its goals? Edit. :D Compounding 4 times a yearC.) a. If there were 40,800, units of inventory on hand on December 31, 2011, how many units should be produced in. Test Prep. Pastebin.com is the number one paste tool since 2002. A expense that doesn't change every month. 52% average accuracy. budgeted sales revenue for the third quarter of 2013. Which of the following statements are TRUE about credit scores? Found a mistake? Live Game Live. answer choices . Fixed expenses are expenses which remain static, not fluctuating over time. It is not more or less the costs. Office salaries c. Property taxes d. Depreciation Ans: A, SO: 3, Bloom: C, Difficulty: Easy, Min: 1, AACSB: None, AICPA BB: Resource Management, AICPA FN: Measurement, AICPA PC: Problem Solving, IMA: Budget Preparation PDF created with pdfFactory Pro trial version Credit scores range from the low 300’s to the mid 800’s. How much is. Some expenses can contain discretionary, variable, and fixed categories. Which of the following is NOT a creative way of thinking exercise entrepreneurs use to generate ideas? Question: What Of The Following Would Not Be Relevant In A Make-or-buy Decision? Because the intercompany transaction resulted in a gain, the buying affiliate will have the asset on its books with the intercompany gain included in its carrying value and will depreciate that value on its books. Clothing purchases and movie tickets vary and groceries don't always cost the same every time you go shopping. Amortization 2,400 . {Fixed vs. variable expenses Students address the personal side of entrepreneurship, connecting the dots between running a business and being responsible with their own finances. Deer’s policy is to maintain an ending inventory equal to 25% of the, next quarter’s sales. The term fixed expenses can be used in reference to either personal or business finances. c. Lease charge. Comment * Comments ( 1) Divya Nagamani : 8 months ago . x Under fixed price contracts the Government does not normally monitor the number of employees, number of breaks, or length of lunch time for contractor employees. Fixed expenses, savings expenses, and variable costs are the three categories that make up your budget. Which of the following would not appear as a fixed expense on a selling and administrative expense budget? Professional Development. ... What is a fixed expense. Fixed costs appear on your income statement and balance sheet, but they tend to stay the same month to month. A budget where the amount you save is less than the amount you spend. 4 minutes ago. C)It directly impacts the number of units of product a customer buys. by lrmsharris. Solo Practice. Let us know about it through the REPORT button at the bottom of the page. * O monthly gym membership car payment O rent O vacation/recreation/fun expenses See answer vgamez55 is waiting … x Under a fixed-price contract, the COR must process the invoices within 30 days or the Government will have to pay interest to the contractor. Acquisition is the process of buying of assets like building, property and so on. See the answer. Compounding 1 time a yearB.) Which of the following is a fixed expense for Maria's sandwich food truck? If a company requires a profit of $30,000 (instead of breaking even), the $30,000 should be combined with the fixed expenses in order to compute the point at which the company will earn $30,000. 1. Property taxes. Fixed Cost refers to the cost or expense that is not affected by any decrease or increase in the number of units produced or sold over a short-term horizon.In other words, it is the type of cost that is not dependent on the business activity, rather it is associated with a period of time. asked Dec 21, 2016 in Computer Science & Information Technology by Chuckie. Choosing between a brand-new phone or an inexpensive or refurbished phone is a variable expense. • The interest rate on your loan will be fixed over time. A fixed expense is an expense whose total amount does not change when there is an increase in an activity such as sales or production. Search for an answer … Incremental Fixed Costs Opportunity Costs Unavoidable Variable Costs Avoidable Fixed Cost Which of the following is a fixed expense for Marias sandwich food truck? Which of the following is NOT true? It's just about Page 2/29 84. Multiple choice questions. Course Hero is not sponsored or endorsed by any college or university. Which of the following statements about credit scores is TRUE? 9. EverFi Module 1 – Savings – Final Quiz Answers Flashcard Example #75820. EVERFI's Social Impact Index offers courses in topic areas that address 12 of the most important life skills to drive an ecosystem of change in life and the workplace. Acquisition is the process of buying of assets like building, property and so on. Salary of chef in restaurant, this is fixed cost or variable cost. Which compounding frequency will earn you the MOST money? Finish Editing. Question: Which Of The Following Is Not A Fixed Cost? Depreciation. B) The interest d. All of the above. The price per unicycle is $120 and per monkey is $90. All of the following are an example of a fixed expense EXCEPT: A. mortgage B. gasoline C. car insurance D. car payment All of these are an example of a fixed expense EXCEPT: GASOLINE. Variable costs (aka variable expenses) Falling under the category of cost of goods sold (COGS), your total variable cost is the amount of money you spend to produce and sell your products or services. Advertising expense 120,000 . One of the first points addressed was the purpose of taxes. Compounding 4 times a year C.) Compounding monthly D.) Compounding daily* Which of the following accounts will give you the … • You do not accumulate interest on federal loans. Which of the following would not appear as a fixed expense on a selling and, 98 out of 103 people found this document helpful, appear as a fixed expense on a selling and, Ans: A, LO: 3, Bloom: C, Difficulty: Easy, Min: 1, AACSB: None, AICPA BB: Resource Management, AICPA FN: Measurement, AICPA PC: Problem, Test Bank for Accounting, Tools for Business Decision Making, Fifth Edition, The starting point in preparing a master budget is the preparation of the, Ans: B, LO: 3, Bloom: C, Difficulty: Easy, Min: 1, AACSB: None, AICPA BB: Resource Management, AICPA FN: Measurement, AICPA PC: Problem, A company budgeted unit sales of 204,000 units for January, 2013 and 240,000 units for, February 2013. 10. Outside the relevant range, total fixed costs may change and/or variable costs per unit may change. Play. Practice. s. Log in for more information. Which of the Following is not a Fixed Cost? Which of the following loans will typically offer the lowest interest rate? B. Which of the following would not appear as a fixed expense on a selling and administrative expense budget? History, Social Studies, Other. Pastebin is a website where you can store text online for a set period of time. Course Hero is not sponsored or endorsed by any college or university. Credit scores reflect how likely individuals are to repay their debts. It stays the same. Mauricio has a circus act that involves monkeys on unicycles. Computers. Browse. ... Everfi Venture module 1, 2 and 3 Final quizes. Multiple Choice Question 84 Which Of The Following Would Not Appear As A Fixed Expense On A Selling And Administrative Expense Budget? Direct materials cost. Direct materials cost. Which of the following is a fixed cost? d. Direct materials. 0% average accuracy. Key * = correct answer You are opening a savings account that earns compound interest. Homework. Edit. Materials Costs. A. A) The interest rate on your loan will be fixed over time. See the answer. Everfi Financial LIteracy- Module 5 - Higher Education - Final Quiz Questions and Answers questionWhich of the following statements about federal student loans is TRUE? Everfi Module 4 Answers . Ans: A, SO: 3, Bloom: AP, Difficulty: Medium, Min: 5, AACSB: Analytic, AICPA BB: Resource Management, AICPA FN: Measurement, AICPA PC: At January 1, 2012, Deer Corp. has beginning inventory of 2,000 surfboards. Expenses like production wages, raw materials are examples of variable expense. 10. D. Straightminus−line. 3. For example, you may need a cell phone for work or health reasons. This quiz is incomplete! A. • You do not accumulate interest on federal loans. A. Fixed Cost Definition. School Park ... 18 out of 67 pages. 10. This is in contrast with variable expenses, which change. s. Log in for more information. Of course, remember that some expenses that qualify as fixed for most people may be non-fixed, or variable, for you. No matter what the company's sales volume, rent expense stays the same. C) You can only get federal student loans if you demonstrate financial need. The following questions have been designed to test your knowledge of all areas covered within Part 6 of Business Accounting Volume 2, tenth edition.Once you have completed the test, click on 'Submit Answers for Grading' to get your results. Property Taxes B. The company has a policy of having an inventory of units on hand at the, end of each month equal to 30% of next month's budgeted unit sales. A. General Production Costs. Read PDF Everfi Quiz Stock Answers novels, tale, jokes, and more fictions collections are furthermore launched, from best seller to one of the most current released. Further reading: Fixed Costs: Everything You Need to Know. Hope that helped! c. Each person has three credit scores. Save. D) You do not accumulate interest on federal loans. Fixed Costs In accounting, a fixed cost is a cost that is constant from one period to the next. b. To play this quiz, please finish editing it. 2 To earn as much interest as possible, you should open a savings account that earns ___ interest and has the ____ interest rate. Played 0 times. C. Direct labor cost. Share practice link. We thoroughly check each answer to a question to provide you with the most correct answers. A.) For example, the phone bill is often considered a fixed expense for many people, but if you have high long-distance fees some months and not others, you should probably list your phone bill as a non-fixed expense. Cost structure is an accounting term that refers to the types of costs that a business incurs. Which of the following would not appear as a fixed expense on a selling and. This quiz is incomplete! Key * = correct answer. D. Straightminus−line. 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Previous question next question get more help from Chegg b ) cost behavior outside the. Or in Brainscape 's iPhone or Android app Everything you need to know,... ) cost behavior outside of the following loans will typically offer the lowest interest?... Need a cell phone for work or health reasons, you may be! Rate on your income statement and balance sheet, but they tend to stay the same time... • you can only get federal student loans if you demonstrate financial need inventory 2,000. Curves does not have a capitalization policy go shopping • the interest rate on your loan will fixed! Equal or less than the sum of depreciation expense of the following would not appear as a fixed is... Flashcards from Justin Lee 's class online, or in Brainscape 's or.