What is an example of a fixed expense?A.Paying a cell phone billB.Eating at a nice restaurantC.Replacing a flat tireD.Buying a new holiday sweaterSUBMITarrow_backPREVIOUS
Question
What is an example of a fixed expense?A.Paying a cell phone billB.Eating at a nice restaurantC.Replacing a flat tireD.Buying a new holiday sweaterSUBMITarrow_backPREVIOUS
Solution
An example of a fixed expense is A. Paying a cell phone bill. This is because a fixed expense is a cost that does not change from period to period or that changes only very slightly. For example, if you have a monthly cell phone bill, that is a fixed expense because it is the same amount each month. On the other hand, costs for things like eating out or buying new clothes can vary from month to month, so they are not considered fixed expenses.
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