15
practice testClassification

Practice Test

Question 15 • Advanced Financial Algebra

A business owner needs to calculate his business's variable expenses. Classify the following business expenses into fixed and variable categories:

Answer

Classification Answer:

Rent: $2,500,Liability insurance: $300,Property insurance: $200,Health insurance: $600,Advertising: $500,Workers' compensation insurance: $350|Materials: $1,000,Wages: $4,000,Utilities: $400,Office supplies: $150

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