Fixed and variable expenses

Front

What are fixed expenses?

Back

Expenses that stay the same from week to week or month to month.

Front

What are variable expenses?

Back

Irregular expenses that change from week to week or month to month.

Front

Buying movie tickets is a:

Back

Variable expense.

Front

What is Joana's profit if she bought 3 shirts for $5 each and sold them for $15 each?

Back

$30.

Front

What is an example of a fixed expense?

Back

Rent or mortgage payment.

Front

What is an example of a variable expense?

Back

Groceries or entertainment.

Front

Can an electric bill be a fixed expense?

Back

Yes, it can be fixed or variable depending on usage.

Front

What does it mean if an expense is irregular?

Back

It means the amount can change each month.

Front

If you pay the same amount for your phone bill every month, this is a:

Back

Fixed expense.

Front

If you spend different amounts on snacks each month, this is a:

Back

Variable expense.