scenario: mina has been asked to create a budget for her household. her father explained that she will need…

scenario: mina has been asked to create a budget for her household. her father explained that she will need to include the following expense categories: auto insurance, the electricity bill, the house payment, grocery expenses, and discretionary spending. which of minas expenses should most likely be ranked as fixed expenses? check all that apply. groceries house payment discretionary spending automobile insurance electricity bill

scenario: mina has been asked to create a budget for her household. her father explained that she will need to include the following expense categories: auto insurance, the electricity bill, the house payment, grocery expenses, and discretionary spending. which of minas expenses should most likely be ranked as fixed expenses? check all that apply. groceries house payment discretionary spending automobile insurance electricity bill

Answer

Brief Explanations:

Fixed expenses are those that remain the same in amount each period. House payment and automobile insurance typically have set - amounts that don't vary month - to - month. Groceries can vary based on consumption, discretionary spending is non - essential and variable, and the electricity bill can vary depending on usage.

Answer:

house payment, automobile insurance