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categorize each of the following expenses by choosing between fixed, re…

Question

categorize each of the following expenses by choosing between fixed, recurring, non - recurring, or whammy (unexpected expense) from the dropdown for each. your cell phone bill select groceries select your netflix subscription select an emergency room bill select buying school supplies select

Explanation:

Brief Explanations
  • Groceries: Purchased regularly but amount varies, so it's Recurring.
  • Netflix subscription: Paid at regular intervals, thus Recurring.
  • Emergency room bill: Usually unexpected, so it's a Whammy (unexpected expense).
  • Buying school supplies: Not a regular - fixed amount and not always expected at the same time every period, so it's Non - Recurring.

Answer:

  • Groceries: Recurring
  • Your Netflix subscription: Recurring
  • An emergency room bill: Whammy (unexpected expense)
  • Buying school supplies: Non - Recurring