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3 years ago

Which of the following statement is TRUE about variable expenses?

Business

2 answers:

Scorpion4ik [409]3 years ago

7 0

Answer:

B.The amount you spend on variable expenses changes from month to month.

Explanation:

Just took the test on everfi

loris [4]3 years ago

6 0

Answer:

B.The amount you spend on variable expenses changes from month to month.

Explanation:

Variable expense is that which changes in proportion to increase or decrease in production, sales or any relevant activity. You pick the hint from the word "variable" which means 'changing' and from understanding this, you eliminate the choices that say otherwise.

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Explain the five financial steps in the financial planning process? please help

Andru [333]

Answer: Plan your financial future in 5 steps

Step 1: Assess your financial foothold. ...

Step 2: Define your financial goals. ...

Step 3: Research financial strategies. ...

Step 4: Put your financial plan into action. ...

Step 5: Monitor and evolve your financial plan.

Explanation:

3 0

1 year ago

A state provides a city with a grant of $500,000 for a special "meals for the homeless" program. The city will receive payment f

alina1380 [7]

Answer:

When it incurs expenditures under the grant

Explanation:

According to the revenue recognition principle, the revenue is recognized when it is earned plus in this question the matching principle is also applied that refers that when revenue is recognized so at the same time the expenditure should also be recorded i.e on same period the revenue and the expenditure should be matched.

8 0

3 years ago

In the U.S., the iron and steel industry is concentrated in the: A.South B.North C.Midwest D.West

lesya [120]

I think the FIRST answer is North because then it goes to the MidWest.

4 0

3 years ago

When Myra first became eligible for Medicare, she enrolled in Original Medicare (Parts A and B). She is now 67 and will turn 68

Temka [501]

Answer:

Medicare refers to a program for the individuals of and above the age of 65 with certain disabilities and diseases. Medicare the FFS scheme, that is, Fee-for-Service covers two parts, Part A and Part B.

Explanation:

Part A includes Nursing care whereas Part B includes Doctor's assistance. In the given case, Kelly is entitled to Part A, but not to Part B. Thus, in order to join a Medicare health plan, she also must enrol in Part B.

7 0

3 years ago

What is the variance of returns of a portfolio that produced returns of 20%, 25%, and 30%, respectively

torisob [31]

Answer:

16.7

Explanation:

Calculation for What is the variance of returns of the portfolio

First step is to calculate the mean

Mean = (20% + 25% + 30%) / 3

Mean =75% / 3

Mean = 25%

Now let calculate the variance of returns of the portfolio

Portfolio variance of returns = {(20 − 25)^2 + (25 − 25)^2 + (30 − 25)^2} / 3

Portfolio variance of returns=25+0+25/3

Portfolio variance of returns=50/3

Portfolio variance of returns= 16.7

Therefore the variance of returns of the portfolio will be 16.7

3 0

3 years ago