Fixed irregular and discretionary

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August undefined, 2024

Web1. Angela makes a $300 car payment each month fixed 2. Ken paid $50 to get the oil in his car changed irregular 3. Patrick pays a flat rate of $75 for Internet each month fixed 4. Amy paid $150 to the dentist to get her teeth cleaned irregular 5. At Christmas, Elizabeth spent $300 on presents for her family irregular 6. WebFixed, irregular & discretionary expenditure • What do all the items in Group A have in common? • How does Group A differ from the items in groups B and C? SECTION 3. Created Date:

Chapter 2 Household Income & Expenditure Flashcards Quizlet

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, … WebFixed+Irregular+Discretionary. effects of a budget deficit. Not enough money to pay bills Have to cut down expenditure like groceries Have to use savings to pay for deficit. Hpw do you avoid a budget deficit. Prepare a Budget Plan your shopping-make a list Pay important bills like rent, food etc first. florists in grass valley california

Fixed Expenses vs. Variable Expenses for Budgeting

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 … WebBudgeting with an irregular income is no different than budgeting with a regular income. Percentage of Americans living paycheck to paycheck: 70. The zero-based budget is the best method of budgeting because: The zero-based budget ensures that every dollar you make is assigned a specific purpose. Which of the following is not a record-keeping ... 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 florists in grayshott surrey

Fixed vs. Variable Expenses Extension Activity for Real …

Personal Finance Midterm Flashcards Quizlet

WebAmerican 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. 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. greece before christWebFixed 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 … greece best beaches photos

"WebJun 28, 2024 · A discretionary expense is a cost that a business or household can survive without, if necessary. Discretionary expenses are often defined as nonessential spending. This means a business or... " - Fixed irregular and discretionary

Fixed irregular and discretionary

personal finance chapter 2 Flashcards Quizlet

WebStart studying Strand 1 - Personal Finance 1.1 - 1.3 (pg5 - 48). Learn vocabulary, terms, and more with flashcards, games, and other study tools. WebSince it is less predictable it is more difficult to plan for irregular spending. Examples of irregular expenditure include : groceries, clothing, fuel, light and heat, telephone bills, education costs and repairs 4. TYPE OF EXPENDITURE Discretionary Expenditure: …

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WebStudy with Quizlet and memorize flashcards containing terms like budget, net cash, opening cash and more. WebApr 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 …

WebMar 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, … 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 …

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. 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 …

WebFixed expenses occur in predictable amounts and are usually paid in monthly intervals. Periodic expenses also occur in predictable amounts and intervals, but are much less frequent (i.e. quarterly). Variable expenses …

WebFixed Expenditure A. Subtotal – Fixed Irregular Expenditure B. Subtotal – Irregular Discretionary Expenditure C. Subtotal – Discretionary 2. Total Planned Expenditure A+B+C 3. Net Cash (income – expenditure) Opening Cash Closing Cash 4. Let’s analyse the Moran family’s household budget. To do so, we will break the budget down into ... florists in greenfield maWebFixed 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. florists in greenbrae californiaWeb1 day ago · Buy-ranked stocks in the top 50% of industries generally outperform the bottom 50%. Analyst estimates are encouraging considering the environment. For the years ending January 2024 and 2025, PVH ... florists in greendale wisconsinWebFixed 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 … greece before ww1WebThe 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: florists in greensborough melbourneWebJun 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 … florists in great bend ksWebIrregular: 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 florists in greenfield indiana