48% average accuracy. Which of the following statements about renting and owning is CORRECT? Mauricio has a circus act that involves monkeys on unicycles. Compounding monthlyD.) everfi financial literacy module 5 higher education final quiz questions and answers learn vocabulary ... fixed over time b the interest start studying everfi module 5 higher education learn vocabulary terms ... for a medical expense and which of the following typically have the highest auto insurance premiums A.) Which compounding frequency will earn you the MOST money? • You do not accumulate interest on federal loans. yaka2519 yaka2519 I think that some of the examples of fixed expenses can be like: examples of fixed costs include rent, insurance premiums, or loan payments. Young, inexperienced drivers Why might you complete a 1040 instead of a 1040EZ? Hope that helped! an expense that occurs regularly. EverFi Module 7 Everfi Quiz Answers - s2.kora.com Johnnydorite1 +8 Smenevacuundacy and 8 others learned from this answer Raw materials sales commissions utilities property taxes. See answers (1) Ask for details ; Follow Report Log in to add a comment What do you need to know? 9. it shows Mauricio's initial budget constraint. a year ago. B.) Learn vocabulary, terms, and more with flashcards, games, and other study tools. A) The interest rate on your loan will be fixed over time. 10th - 12th grade. Key * = correct answer You are opening a savings account that earns compound interest. Everfi Financial LIteracy- Module 5 - Higher Education - Final Quiz Questions and Answers. Your fixed expenses are $1,151.65/month. fixed expenses. boom. a year ago. Of course, remember that some expenses that qualify as fixed for most people may be non-fixed, or variable, for you. Money you invest in supplies, marketing, legal services, and other investments to get your business, What is one way to begin saving for a startup capital, Mandatory payments you make to the state and local government, A expense that doesn't change every month, When making a personal budge Its important to consider what first. Fixed expenses but not income. Annual Fee B. Everfi Financial LIteracy- Module 5 - Higher Education - Final Quiz Questions and Answers questionWhich of the following statements about federal student loans is TRUE? Which of the following statements about federal student loans is TRUE? A.) Posted on 5-Feb-2020. A gift made by an individual or an organization to a nonprofit organization, charity or private foundation. A fixed expense is an expense whose total amount does not change when there is an increase in an activity such as sales or production. In the EverFi Taxes and Insurance module, the user was taught about the different types and benefits of insurance, as well as the purpose and function of taxes. • You do not accumulate interest on federal loans. Which of the following is a fixed expense for Maria's sandwich food truck? A.) People skills, Business skills, and communication skills. a year ago. The 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. Learn vocabulary, terms, and more with flashcards, games, and other study tools. A.) ... What is a fixed expense. In which of the following scenarios will you be entitled to pay the least amount of money out-of-pocket for a medical expense? A fixed expense is an expense whose total amount does not change when there is an increase in an activity such as sales or production. Fixed and variable expenses but not taxes. A) The interest rate on your loan will be fixed over time. answer choices . A budget where the amount you save is less than the amount you spend. Edit. 52% average accuracy. 81% average accuracy. What is a fixed expense Everfi quizlet? Computers. EverFi Module 7 Everfi Quiz Answers - s2.kora.com Start studying Investing - Everfi. and which of the following typically have the highest auto insurance premiums? 9th grade. Everfi Venture DRAFT. Simple savings account B.) Explanation: The 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. If the rent will remain at $2,000 whether the monthly sales are $15,000 or $30,000, we will say that the rent is a fixed expense. Clothing purchases and movie tickets vary and groceries don't always cost the same every time you go shopping. Select Post Quiz Samples –EverFi Transit 4. {Fixed vs. variable expenses Students address the personal side of entrepreneurship, connecting the dots between running a business and being responsible with their own finances. Edit. MacroEconomics Chapter 14 Answer. Looking for something else? Truck insurance. Professional Development. The price per unicycle is $120 and per monkey is $90. Which of the following actions would enable him to earn MORE interest? A budget where the amount you spend is equal or less than the amount you earn. Nonetheless, the present rent of $2,000 is considered to be a fixed expense since the extreme conditions are outside of the relevant range for short-term analyses.). It stays the same. (Of course, if sales triple or drop to be 20% of the normal amount, the rent will likely have to change. ... • The interest rate on your loan will be fixed over time. 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