What are fixed and flexible expenses? In their most basic sense, fixed expenses do not change over time and flexible expenses do. In most individuals’ budgets, monthly mortgage or rent payments are fixed. … Flexible expenses may change each month or only occur during certain times of the year.
What are the flexible expenses? Flexible expenses are any monthly expenditure that can easily be changed, reduced, or eliminated from your budget. These expenses include things like your cable subscription and grocery bill. Periodic expenses are incurred costs that happen less frequently than monthly.
What are 5 flexible expenses? Categories include food and groceries, out-of-pocket medical expenses, clothing and personal expenses such as hair care, personal hygiene products, allowances and alcohol.
What are examples of fixed expenses? Rent or mortgage payments. Renter’s insurance or homeowner’s insurance. … Childcare expenses. Student loan or car loan payments.
What are fixed and flexible expenses? – Related Questions
Are the cook islands expensive?
A lot of people think the Pacific is filled with expensive islands and resorts. But that’s not true and a visit to the Cook Islands will prove that. Visiting these islands are pretty affordable compared to neighboring countries.
Are akita dogs expensive?
Purebred Akita puppies from reputable breeders will vary between approximately $600 and $2000, depending on the breeder, bloodline, American Kennel Club (AKC) papers, and verifiable family health history. … The average cost of an Akita puppy is approximately $1000 according to PetBudget.com.
Where does interest expense go in cash flow statement?
In the statement of cash flows, interest paid will be reported in the section entitled cash flows from operating activities. Since most companies use the indirect method for the statement of cash flows, the interest expense will be “buried” in the corporation’s net income.
Are medical expenses overseas tax deductible?
Americans living abroad have the opportunity to deduct certain qualified medical expenses they paid during the tax year on their US expat tax return if they itemize deductions.
How expensive is it to treat cushing disease in dogs?
Typically, a complete diagnosis costs between $500 and $1,500. The treatment can cost from $50 to $200 a month, depending on the pup’s response to the selected medication. Frequent bloodwork will also be needed to confirm the patient’s response to the therapy, which might also affect the overall cost.
How expensive is vrv?
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Why is spanish saffron so expensive?
It is so expensive because it is an extremely labor-intensive crop. Crocus sativa, or the saffron crocus, flowers in the fall. Each flower has three tiny, threadlike stigmas in the center. … The Arabs brought the spice with them to Spain, and now Spain is the world’s largest producer of saffron.
Which is more expensive playstation or xbox?
If you want 4K gaming, Sony’s PS4 Pro costs $399 (£399/AU$600), while the Xbox One X runs a hefty $499 (£499/AU$649). That’s a pretty big price gap, though Microsoft’s console offers a richer 4K gaming experience. (You can follow our PS4 deals and Xbox One deals coverage for the latest sales).
What is the most expensive palm tree in florida?
The coco de mer is the most expensive palm tree due to its scarcity and unique characteristics that make it very difficult to grow easily.
Is monterey ca expensive?
Just like the rest of California, Monterey is pretty expensive. In fact, it is probably more expensive than you expect, seeing as the prices in Monterey rival those in LA. … Monterey is as much as 13% more expensive than the state average! In some areas, Monterey is more or less equal to the rest of the state.
What is the most expensive state in america?
There may be no more breathtaking a place than the Aloha State, but prices in Hawaii, America’s most expensive state, will take your breath away, too.
Why do you add back non cash expenses?
Perhaps the most common example of a noncash expense is depreciation. … In effect the noncash depreciation expense is added back because the depreciation expense had reduced the company’s net income reported on the income statement, but it did not use any cash during that period of time.
Are lexus cars more expensive to repair than toyota?
Maintaining a Lexus isn’t quite as cheap as maintaining a Toyota, but it sure comes close. Since Lexus is the luxury division of Toyota, maintenance and repairs are cheap, relatively speaking. … Lexus owners spend about $551 per year on maintenance and repairs, though costs grow as vehicles age.
How to solve bad debt expense?
The basic method for calculating the percentage of bad debt is quite simple. Divide the amount of bad debt by the total accounts receivable for a period, and multiply by 100. There are two main methods companies can use to calculate their bad debts.
What type of account is miscellaneous expense?
Miscellaneous expense is a general ledger account that may contain a large number of minor transactions. These transactions are for amounts so small that they are not worth categorizing in a separate account. If any of these expenses increase in size in later periods, they may then be tracked within a separate account.
Is it expensive to eat in dubai?
How much does a meal cost in Dubai? The main dish in Dubai restaurants usually cost around 40 – 100 AED (10-25 EUR). Sandwiches and burgers cost 35 – 55 AED (9-14 EUR). Appetizers and desserts cost around 20-40 AED (5-10 EUR).
Are expensive clothes worth buying?
Quality clothes, while usually more expensive, are worth the investment. They not only last longer, but they also can make you feel better.
Why are g sync expensive?
Why is GSync so expensive? It is a proprietary hardware-based technology that only works on compatible monitors, and it is powered by a scaler chip that’s present inside displays. That chip is only made by NVIDIA and is very specific so implementing that in a display is quite costly.
Can you write off moving expense for marriage?
If you are married and filing jointly, you can deduct moving expenses only if your move was necessary for your job or your spouse’s job. To claim the deduction, you or your spouse must begin working in the new location within 12 months of the move.
Why are avocados so expensive now?
Reason 1: Avocado requires a massive amount of water. It takes around 80 litres of water to produce 1kg of avocados. This means they can’t just grow anywhere (most of it is still produced in Mexico and Central America). … Reason 2: Because they can’t grow anywhere, the distribution of avocados is an expensive affair.
How expensive is it to do classic car restoration?
Depending on the quality of the paint job, the type of paint used and the number of coats applied, a good paint job can cost anywhere from a couple thousand dollars up to several thousand dollars. An overall restoration done by one shop is going to cost you anywhere from $40,000 to $60,000.