Welcome to Westonci.ca, where your questions are met with accurate answers from a community of experts and enthusiasts. Connect with a community of experts ready to help you find solutions to your questions quickly and accurately. Discover in-depth answers to your questions from a wide network of professionals on our user-friendly Q&A platform.

Select the variable expenses from the spreadsheet Luis created for his expenses over three months.

\begin{tabular}{|l|c|c|c|}
\hline \multicolumn{1}{|c|}{Expenses} & Jan & Feb & Mar \\
\hline Rent & \[tex]$1,250.00 & \$[/tex]1,250.00 & \[tex]$1,250.00 \\
\hline Utility Bill & \$[/tex]124.11 & \[tex]$108.72 & \$[/tex]121.69 \\
\hline Car Loan Payment & \[tex]$384.00 & \$[/tex]384.00 & \[tex]$384.00 \\
\hline Insurance Payment & \$[/tex]97.18 & \[tex]$97.18 & \$[/tex]97.18 \\
\hline Groceries & \[tex]$315.43 & \$[/tex]367.25 & \[tex]$341.04 \\
\hline Clothing & \$[/tex]72.18 & \[tex]$152.74 & \$[/tex]0.00 \\
\hline Fuel & \[tex]$108.71 & \$[/tex]117.46 & \$127.34 \\
\hline
\end{tabular}

Which of Luis's expenses are variable expenses?

Sagot :

To determine which of Luis's expenses are variable, we need to identify the expenses that change from month to month. Let's start by examining each expense:

1. Rent:
- January: \[tex]$1,250.00 - February: \$[/tex]1,250.00
- March: \[tex]$1,250.00 - Observation: The rent amount is consistent across all three months. 2. Utility bill: - January: \$[/tex]124.11
- February: \[tex]$108.72 - March: \$[/tex]121.69
- Observation: The utility bill varies each month.

3. Car loan payment:
- January: \[tex]$384.00 - February: \$[/tex]384.00
- March: \[tex]$384.00 - Observation: The car loan payment is the same every month. 4. Insurance payment: - January: \$[/tex]97.18
- February: \[tex]$97.18 - March: \$[/tex]97.18
- Observation: The insurance payment does not change month to month.

5. Groceries:
- January: \[tex]$315.43 - February: \$[/tex]367.25
- March: \[tex]$341.04 - Observation: The grocery expense fluctuates each month. 6. Clothing: - January: \$[/tex]72.18
- February: \[tex]$152.74 - March: \$[/tex]0.00
- Observation: The clothing expense changes significantly and is not consistent.

7. Fuel:
- January: \[tex]$108.71 - February: \$[/tex]117.46
- March: \$127.34
- Observation: The fuel cost varies each month.

Summarizing the observations, the expenses that remain the same (fixed expenses) are:
- Rent
- Car loan payment
- Insurance payment

The expenses that vary each month (variable expenses) are:
- Utility bill
- Groceries
- Clothing
- Fuel

Therefore, Luis's variable expenses are:
[tex]\[ \boxed{\text{utility bill, groceries, clothing, fuel}} \][/tex]