Answered

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Select the correct expenses.

Luis created a spreadsheet of his expenses for three months. Which of Luis's expenses are variable expenses?

| Expenses | Jan | Feb | Mar |
|------------------|----------|----------|----------|
| Rent | [tex]$1,250.00| $[/tex]1,250.00| [tex]$1,250.00|
| Utility bill | $[/tex]124.11 | [tex]$108.72 | $[/tex]121.69 |
| Car loan payment | [tex]$384.00 | $[/tex]384.00 | [tex]$384.00 |
| Insurance payment| $[/tex]97.18 | [tex]$97.18 | $[/tex]97.18 |
| Groceries | [tex]$315.43 | $[/tex]367.25 | [tex]$341.04 |
| Clothing | $[/tex]72.18 | [tex]$152.74 | $[/tex]0.00 |
| Fuel | [tex]$108.71 | $[/tex]117.46 | $127.34 |

Sagot :

GinnyAnswer
To determine which of Luis's expenses are variable, we need to look at how each expense changes month to month. A variable expense is one that does not remain the same for each month. Let's examine the expenses one by one:

1. Rent:
- January: [tex]$1,250.00 - February: $[/tex]1,250.00
- March: [tex]$1,250.00 - Conclusion: This expense is fixed because it does not change. 2. Utility Bill: - January: $[/tex]124.11
- February: [tex]$108.72 - March: $[/tex]121.69
- Conclusion: This expense is variable because it changes each month.

3. Car Loan Payment:
- January: [tex]$384.00 - February: $[/tex]384.00
- March: [tex]$384.00 - Conclusion: This expense is fixed because it does not change. 4. Insurance Payment: - January: $[/tex]97.18
- February: [tex]$97.18 - March: $[/tex]97.18
- Conclusion: This expense is fixed because it does not change.

5. Groceries:
- January: [tex]$315.43 - February: $[/tex]367.25
- March: [tex]$341.04 - Conclusion: This expense is variable because it changes each month. 6. Clothing: - January: $[/tex]72.18
- February: [tex]$152.74 - March: $[/tex]0.00
- Conclusion: This expense is variable because it changes each month.

7. Fuel:
- January: [tex]$108.71 - February: $[/tex]117.46
- March: $127.34
- Conclusion: This expense is variable because it changes each month.

So, the variable expenses for Luis are:
- Utility Bill
- Groceries
- Clothing
- Fuel
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