Answer:
1. The correct category for each of the following items:
Cash In/Income:
Personal income
Business Income
Cash Out/Expense:
Cost of business trip = variable
State tax liability = fixed
Clothing purchases = variable
2. For example, your mortgage would be considered a fixed expense, because the total amount does not vary. Conversely, grocery bills would be considered variable, because the actual amount is not fixed but varies.
Explanation:
Variable cost or expense has a fixed cost per unit, with the total amount varying, depending on the units or quantities consumed. Fixed cost does have a fixed total amount within the relevant range, but the cost per unit varies.
Answer:
Modified Rebuy
Explanation:
Modified rebuying is the process whereby an individual or an organization makes a purchase that have been previously purchased but this times makes changes to some elements different from the previous purchase like change of suppliers, terms, price and so on. In this case, the buyer reviews the buying situation. Here, the buyer is interested in modifying the specifications of goods previously purchased.
<span>Right of association-Gradpoint</span>
Answer:
Option C, It is an estimate of tuition fees, room and board, books, supplies and other expenses.
Explanation:
Cost of attendance attendance is the total cos incurred on an individual during an entire academic year by the institute. An institute take into account cost incurred on the following for determining COA-
a) tuition and fees
b) books and supplies
c) College infrastructure cost inclusive of room and board
d) transportation
e) scholarship etc.
Hence, option C is correct
