Fixed irregular and discretionary

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WebFixed Irregular Discretionary. What is fixed income. Stays the same no matter how we use it. These bills are paid regularly eg rent, car tax, TV licence. What is irregular expenditure . Changes on how much we use it. These bills are paid regularly eg … WebJun 16, 2024 · Discretionary fixed costs are referred to as period specific costs that can be eliminated or reduced without affecting the profitability directly. A discretionary fixed cost is also named as a managed fixed …

Chapter 3: Budgeting Flashcards Quizlet

WebFixed, irregular and discretionary. ... Items of expenditure where the amount we spend changes depending on how much of the item we use. Discretionary expenditure. Non essential items of expenditure eg Netflix or Spotify subscription. Capital expenditure. Once off or long term items of expenditure eg house, car, fridge. population of andover kansas

Fixed Vs. Variable Expenses: What’s The Difference? - Forbes

WebType of Expenditure Fixed Irregular Discretionary Rent Bus fare Groceries Taxes Holidays Landline Phone Bill Mobile Phone Contract X X X X X X X 6. CURRENT EXPENDITURE VS CAPITAL EXPENDITURE CURRENT EXPENDITURE • Takes place on a continuous basis, week after week and month after month. • Examples include spending on groceries, … WebTrue. A budget says what will happen with your money, while a cash-flow statement shows what already happened. True. The primary reason people don't budget is because they lack the behavior to stick to a budget. True. Detailed categories on your budget will help you make better spending decisions. False. WebFixed expenditure Items of expenditure where the amount we spend is not related to how much of the item we use. E.g. the cost of our rent/mortgage does not depend on how much time we spend in our house. population of andover mn

Akuntansi Pendapatan dan Pengeluaran.pptx - Income and...

Factors affecting Income and Expenditures_Lec 4.pptx

Webirregular income A (n) _____ needs to be evaluated in light of your other expenses for the month. discretionary expense A (n) _____ stays the same from month to month. fixed expense A (n) ______ should account for fixed, variable, intermittent, and discretionary … WebJan 17, 2024 · Discretionary expenses Let’s look at each of these different expenses. Fixed Expenses Fixed expenses are necessary ongoing costs that don't change in amount or frequency. They might arrive monthly, twice a year, or once a year. For example, you … shark t shirts women\u0027sWebApr 6, 2012 · Expenditure Fixed Irregular Discretionary Rent Car running costs Presents Mortgage Phone bills Holiday Insurance Groceries Entertainment Clothes Magazine Ms O' Brien Chanel College 27. Current Expenditure: Spending money on day-to-day items Capital Expenditure: Spending money on durable items for long term usage Ms O' Brien Chanel … population of andorra 2020 today

"WebFixed Irregular Discretionary: What is fixed expenditure? Spending money on good and services regularly when the amount spent is fixed and does not vary with usage. What is irregular expenditure? Spending money on good and services where the amount spent … " - Fixed irregular and discretionary

Fixed irregular and discretionary

WebJul 31, 2024 · Fixed expenses, such as rent, stay the same from month to month. Variable expenses are ones that can change, such as gas or food. Cutting costs on fixed expenses can help you save money by lowering … WebApr 11, 2024 · A fixed expense just means an expense in your budget that you can expect to stay the same, or close to it, over time. When you sit down to make your monthly budget, you don’t have to guess how...

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WebThis refers to the income earned from the factors of production such as rent, wages, interest and profit. Dividends This refers to the income earned from an investment in a company and is paid out of its profits. Disposable income This refers to income earned after taxation has been paid to the government. Real disposable income WebJun 30, 2024 · If you would like to set up a fixed or discretionary trust, you need to consider factors like the overall value of your assets, your marital status and family size, and the needs of your beneficiaries. Once you understand these factors, you can start …

WebIregularly: Spending money on goods and services regularly But the amount spent varies. Discretionary: Spending money on things we wantbut do not need. Expenditur e Fixed Irregular Discretionary Rent Car running costs Presents Mortage Phone bills Holiday Insurance Groceries Entertainment Clothes Magazine WebStudy with Quizlet and memorize flashcards containing terms like budget, net cash, opening cash and more.

WebClassify the following list of expenses into fixed, irregular or discretionary: Car loan repayments, Eating in a restaurant, Buying petrol for the car, Mortgage repayments, Going on holidays, Buying groceries, Buying new furniture, Monthly gas bill, Paying the house … WebDiscretionary Fixed expenditure Items of expenditure where the amount we spend is not related to how much of the item we use. E.g. the cost of our rent/mortgage does not depend on how much time we spend in our house. Irregular expenditure Items of expenditure where the amount we spend changes depending on how much of the item we use. E.g.

WebFixed, Irregular, discretionary. what is expenditure? Money coming into the household. what is income? Wages, child benefit, interest on savings. what is forms of income? spending on non essential items. what is discretionary expenditure? A bill. what is an invoice? payment for work that is not in money form.

WebIrregular: Spending money on goods and services regularly But the amount spent varies. Discretionary : Spending money on things we want but do not need Ms O' Brien Cha nel College Expenditure Fixed Irregular Discretionary Rent Car running costs Presents Mortgage Phone bills Holiday Insurance Groceries Entertainment Clothes Magazine population of andrews indianaWebMar 17, 2024 · Some fixed expenses may be discretionary, like a gym membership or streaming service subscription. Although these bills are consistent each month, you may still be able to lower their costs. If you’re signed up for a monthly service that you rarely use, … shark t shirt women\u0027sWebJun 30, 2024 · How the discretionary employer matching contribution formula will be allocated to participants, e.g., a uniform percentage of matched employee contributions or a flat dollar amount; The period to … shark t shirt with fin pocketsWebThe definition of fixed expenses is “any expense that does not change from period to period," such as mortgage or rent payments, utility bills, and loan payments. The amounts may vary slightly, which may be the case with utilities, but you know they are due on a regular basis. Here is a list of categories to include in your fixed expenses: population of andhra pradeshWebJul 31, 2024 · Fixed expenses cost the same amount each month. These bills cannot easily be changed and are usually paid on a regular basis, such as weekly, monthly, quarterly or from year to year. 1 It's much easier to budget for fixed expenses than it is to budget for a variable expense or discretionary expense . Typical household fixed expenses include: shark turbo brush attachmentWebAmerican Express credit card balance $650. Money market account $2,200. House $255,000. Mortgage loan balance $140,000. Automobile $20,000. Cash on hand $575. Auto loan balance $8,700. b. 129,725. Mack and Amy are making regular contributions of $200 a month from their salaries to a money market savings account. population of andover ukWebMar 17, 2024 · Some fixed expenses may be discretionary, like a gym membership or streaming service subscription. Although these bills are consistent each month, you may still be able to lower their costs. If you’re signed up for a monthly service that you rarely use, there may be an alternative plan with a lower price. For example, consider a cheaper … shark tubes youtube