Fixed and Variable Expenses and Profit

What are fixed expenses?

• Expenses that change from week to week or month to month

• The amount of money in your bank account

• The amount of cash in your purse or wallet

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

What are variable expenses?

• Expenses that change from week to week or month to month

• The amount of money in your bank account

• Costs that do not change from week to week or month to month

• The amount of cash in your purse/wallet

A loan payment is a fixed expense.

• True

• False

Dara makes bracelets and sells them in her shop. Which is a fixed expense for Dara’s business?

• the cost of the beads

• the cost of the string

• the cost of advertising

• rent for her shop

Rent Payment

• Fixed Expense
• Variable Expense

Tags

CCSS.7.EE.B.3

CCSS.7.EE.B.4

CCSS.7.NS.A.3

Expenses that happen each month and are about the same amount.

• Fixed Expenses
• Variable Expenses

Expenses that don't happen each month, or the price of the items or services change. They do not stay the same. The cost changes.

• Fixed Expense
• Variable Expense

Tags

CCSS.7.EE.B.4

Flat tire repair -

• Fixed expense
• Variable expense

Tags

CCSS.7.EE.B.3

Monthly grocery bill

• Fixed expense
• Variable expense

Tags

CCSS.7.EE.B.3

Money that you receive for a job.

• Expenses
• Savings
• Income
• Withdrawl