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Which of Ahmad’s expenses will most likely be ranked as variable expenses? Check all that apply. 1) rent 2) discretionary spending 3) groceries 4) health insurance 5) electricity bill 6) water billANSWER: 2,3,5,6

Nicholas Rivera

in Social studies

1 answer

1 answer

Daniel King on January 12, 2018

The following expenses are considered variable expenses:Discretionary spendingGroceriesElectricity billWater billVariable expenses are defined in contrast with fixed expenses. The first represents those costs that can change from one month to another, or from one year to the next, depending on the use that you make of the product or service that they are linked to. Variable costs are not necessarily discretionary, in fact, many are not because you can't live without them. In opposition, the fixed costs would be those whose amount remains the same during the time that the contract lasts, for example, in the case of income.

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