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e-lub [12.9K]
2 years ago
6

Is the following a fixed or a variable expense?

Mathematics
2 answers:
Juliette [100K]2 years ago
8 0
The answer is A) fixed expense
nekit [7.7K]2 years ago
5 0

Answer:

Fixed Expense (A)

Step-by-step explanation:

Typically fixed expenses incorporate car payments, lease or rent payments, insurance premiums, and real estate taxes. Typically, these expenses can't be simply changed. On the positive side, they're simple to budget for because they regularly stay the same and are paid on a daily basis.

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<u>Given</u>:

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To determine the percentage of tickets sold to seniors we need to determine the total number of tickets sold to each category.

<u>To determine the percentage of tickets sold to seniors:</u>

In order to determine the percentage of tickets sold to the seniors, we divide the tickets sold to seniors by the total number of tickets sold to children, adults, and seniors.

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The percentage of tickets sold to seniors = \frac{100}{722} (100) = 0.1385(100)=13.85\%.

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