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Hunter-Best [27]
2 years ago
14

What term can be used to describe the situation where your fixed and variable expenses are higher than your net income.(1 point)

Business
1 answer:
Pepsi [2]2 years ago
8 0

The term that describes the situation where <em>fixed and variable </em><em>expenses</em><em> are higher than</em> net income is <em>D. dissaving.</em>

Dissaving happens when an individual is spending from either previous savings or borrowing to fund current expenses.

Dissaving is commoner with retirees than those currently employed. But it can also happen to currently-employed persons, whose expenses are more than their incomes. They should find strategies to stop the negative saving. Otherwise, their debts may be overbearing in future.

Thus, dissaving means negative saving or <em>spending more than income.</em>

Learn more: brainly.com/question/13954775

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Answer: D. Strong form market efficiency

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4 0
3 years ago
Zach buys a car for $18,900 with 5% interest over 5 years. What is true about this monthly payment loan?
xeze [42]

Answer:

Zach will pay $4,725 in interest on the loan.

Explanation:

In calculating interest the formula that applies is

I= P x R x T

where I = interest

P = principal amount

R = interest rate

T= time

In the case of Zach

I= $18,900 x 5/100 x 5

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I =$945 x 5

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6 0
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4 years ago
If you drive slower than the flow of traffic you will most likely
Maksim231197 [3]
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Answer:

$245,000

Explanation:

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