Computers. Deer’s policy is to maintain an ending inventory equal to 25% of the, next quarter’s sales. Edit. Shipping expense 10,000 . Fixed expense: Eating out is a fixed, variable, discretionary, or intermit ant: discrectionary: What does doing a budget do and help you do? This preview shows page 15 - 18 out of 67 pages. Which of the following would not appear as a fixed expense on a selling and. Which of the following statements are TRUE about credit scores? Which compounding frequency will earn you the MOST money? Mauricio has a fixed amount to spend on unicycles and monkeys. 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. Start studying Everfi. • The interest rates on federal loans and private loans are similar. a year ago. Share practice link. 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. Homework. a. Freight-out b. 1. 52% average accuracy. Materials Costs. Mauricio has a circus act that involves monkeys on unicycles. 10. Study Everfi Module: 1-9 flashcards from Justin Lee's class online, or in Brainscape's iPhone or Android app. School Park University; Course Title AC 201 & 202; Type. To play this quiz, please finish editing it. 12 terms. budgeted sales revenue for the third quarter of 2013. What is the amount of the firm's net working capital? 0 votes. Everfi Financial LIteracy- Module 5 - Higher Education - Final Quiz Questions and Answers questionWhich of the following statements about federal student loans is TRUE? Consolidated depreciation expense will be less, not more, than the sum of depreciation expense of the separate companies being combined. Question: Which Of The Following Is Not A Fixed Cost? Which of the following statements about federal student loans is TRUE? b. 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 January, 2013 in order for the company to meet its goals? Ans: C, SO: 3, Bloom: AP, Difficulty: Medium, Min: 5, AACSB: Analytic, AICPA BB: Resource Management, AICPA FN: Measurement, AICPA PC. Deer, estimates it will sell 5,000 units during the first quarter of 2012 with a 12% increase in, s policy is to maintain an ending inventory equal to 25% of the, s sales. Sales commissions expense. information-technology; 0 Answers. Clothing purchases and movie tickets vary and groceries don't always cost the same every time you go shopping. Direct materials cost. C) You can only get federal student loans if you demonstrate financial need. Played 0 times. This quiz is incomplete! See the answer. A budget where the amount you save is less than the amount you spend. Compounding 1 time a year B.) History, Social Studies, Other. Fixed operating costs do not change over time. Which of the following loans will typically offer the lowest interest rate? C)It directly impacts the number of units of product a customer buys. • The interest rates on federal loans and private loans are similar. Federal Student Loan. This problem has been solved! This transaction will: Answer. A) The interest rate on your loan will be fixed over time. A … Which of the following cost curves does not have a shape that Is explained by the law of diminishing returns? d. All of the above. Which of the following statements about federal student loans is TRUE? 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. EverFi Module 1 – Savings – Final Quiz Answers Flashcard Example #75820. a. Freight-out b. Which of the following would not appear as a fixed. {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. Hence there is no guidance on how to record the purchase of property and equipment as a fixed asset or as an expense. [Total: 0 Average: 0] In the EverFi Taxes and Insurance module, the user was taught about … EverFi Module 7 Insurance and Taxes Answers Read More » C. Depreciation is a common category of fixed expenses. Hope that helped! Click to rate this post! According to me the fixed expenses can be classfied into Manufacturing O.H, Admn expenses, Selling Expenses so fixed expenses can be grouped into following heads: Manufacturing Over head: Indirect Material 2000 It is not more or less the costs. Remove the guilt and shame sometimes associated with a purchase and 3. Which Of The Following Is Not A Fixed Cost? A) The interest rate on your loan will be fixed over time. Depreciation On Factory Equipment Property Taxes On Factory Building Property Insurance On Factory Building Payroll Taxes On Factory Employees . The basic, limited monthly voice plan is a fixed expense. A. Office salaries c. Property taxes d. Depreciation 74. 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. Pastebin.com is the number one paste tool since 2002. A. Which of the following is not a primary function of a … 0. A. Play. B) The interest rates on federal loans and private loans are similar. Some expenses can contain discretionary, variable, and fixed categories. Which of the following is NOT a creative thinking exercise entrepreneurs use to generate ideas? Question: Which Of The Following Is Not A Fixed Cost? Which of the following statements about federal student loans is TRUE? Hope that helped! Compounding 4 times a yearC.) Sales commissions expense. Print; Share; Edit; Delete; Report an issue; Host a game. Compounding 4 times a year C.) Compounding monthly D.) Compounding daily* Which of the following accounts will give you the … Which of the following would not appear as a fixed expense on a selling and administrative expense budget? Even though with rising interest rates they may not be so low forever. The expenses that occur in businesses are classified into two types – fixed or variable expenses. Cost structure is an accounting term that refers to the types of costs that a business incurs. D) You do not accumulate interest on federal loans. n_momoka44. a. Freight-out 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. Which of the following is a fixed cost? At January 1, 2013, Deer Corp. has beginning inventory of 2,000 surfboards. Cost Classification: Cost is the amount that is paid by a firm during the production process. Everfi Higher Education Final Quiz Answers – Module 5 . Depreciation. Solo Practice. 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 84. Which of the following would not appear as a fixed expense on a selling and administrative expense budget? 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. The result is inconsistent bookkeeping and generally a big mess in the fixed … Fixed Costs In accounting, a fixed cost is a cost that is constant from one period to the next. ... Everfi Venture module 1, 2 and 3 Final quizes. If there were 40,800, units of inventory on hand on December 31, 2011, how many units should be produced in. Which of the following is not a fixed cost? 187 times. D. Straightminus−line. it shows Mauricio's initial budget constraint. 0% average accuracy. Compounding monthlyD.) • You do not accumulate interest on federal loans. A.) C. Direct labor cost. A deferred expense is a cost that has already been incurred, but which has not yet been consumed. Further reading: Fixed Costs: Everything You Need to Know. 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. Property Taxes B. A. 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. It's just about Page 2/29 Played 400 times. However, an unlimited data plan is unnecessary. A fixed expense is an expense that doesn't change, regardless of the activity level. a. loans c. school clothes b. school supplies d. all of the above 10. 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. Multiple choice questions. Each surfboard costs $100 and is sold for $150. Save. Assign HW. D)It is a cost that is incurred by a company that must be accounted for. Amortization 2,400 . Save. School Park ... 18 out of 67 pages. Which of the following would not appear as a fixed expense on the Selling and Administrative Expense Budget? Finish Editing. This is a detailed article on Variable Expense. 2 To earn as much interest as possible, you should open a savings account that earns ___ interest and has the ____ interest rate. Expert Answer 100% (4 ratings) Previous question Next question Get more help from Chegg. 4) Your firm has the following balance sheet statement items: total current liabilities of $805,000; total assets of $2,655,000; fixed and other assets of $1,770,000; and long-term debt of $200,000. Asked 11/23/2014 8:24:41 PM. Each surfboard costs $100 and is sold for. Edit. 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. Which of the following is a fixed cost? These costs, such as depreciation expense, property tax expense and insurance expense, cannot be changed during short periods of time and are only Which of the following would not appear as a fixed. No matter what the company's sales volume, rent expense stays the same. Show if you are overspending in an area 2. Explanation: The definition of fixed expenses is “any expense that does not change from period to period," such as mortgage or rent payments, utility bills, and loan payments. Learn faster with spaced repetition. * O monthly gym membership car payment O rent O vacation/recreation/fun expenses See answer vgamez55 is waiting … b. s. Log in for more information. 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. Play. 84. :D a. Simple… Which of the following statements about credit scores is TRUE? Course Hero is not sponsored or endorsed by any college or university. Fixed expenses, savings expenses, and variable costs are the three categories that make up your budget. Fixed costs appear on your income statement and balance sheet, but they tend to stay the same month to month. Practice. Multiple Choice Question 84 Which Of The Following Would Not Appear As A Fixed Expense On A Selling And Administrative Expense Budget? Outside the relevant range, total fixed costs may change and/or variable costs per unit may change. This problem has been solved! Which of the following is a fixed expense for Maria's sandwich food truck? It stays the same. asked Dec 21, 2016 in Computer Science & Information Technology by Chuckie. 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