When forecasting operating expenses, explain the difference between a fixed cost and a variable cost.
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 57% (14 reviews)
Fixed costs are operating exp...View the full answer
Answered By
Muhammad Salman Alvi
Well, I am a student of Electrical Engineeing from Information Technology University of Punjab. Just getting into my final year. I have always been good at doing Mathematics, Physics, hardware and technical subjects. Teaching profession requires a alot of responsibilities and challenges.
My teaching experience started as an home tutor a year ago. When I started teaching mathematics and physic subjects to an O Level student. He was about 14 years old. His name was Ibrahim and I used to teach him for about 2 hours daily. Teaching him required a lot of patience but I had to be polite with him. I used to give him a 5 min break after 1 hour session. He was quite weak in basic maths and calculation. He used to do quite a lot of mistakes in his homework which I gave him weekly. So I decided to teach him basics from scratch. He used to say that he got the concept even if he didn't. So I had to ask him again and again. I worked on his basics for a month and after that I started taking a weekly test sesions. After few months he started to improve gradually. Now after teaching him for about a year I can proudly say that he has improved alot. The most important thing was he managed to communicate all the difficullties he was facing. He was quite capable and patient. I had a sincere desire to help him reach to its full potential. So I managed to do that. We had a very good honest relationship of a student and a teacher. I loved teaching him as a tutor. Now having an experience of one year teaching I can read students quite well. I look forward to work as an online tutor who could help students in solving their all sort of difficulties, problems and queries.
4.90+
29+ Reviews
43+ Question Solved
Related Book For
Fundamentals of corporate finance
ISBN: 978-0470876442
2nd Edition
Authors: Robert Parrino, David S. Kidwell, Thomas W. Bates
Question Posted:
Students also viewed these Corporate Finance questions
-
What is the difference between a fixed cost and a variable cost? Cite examples.
-
A monopolist operates with a fixed cost and a variable cost. Part of the fixed cost is sunk, and part nonsunk. How will the sunk and nonsunk fixed costs affect the firm's decisions as it tries to...
-
Explain the difference between a fixed and a variable cost. How do these concepts change as the time horizon lengthens? In other words, are the same things fixed over a five-year planning period that...
-
Outline suggestions to make observation a useful, reliable requirements elicitation technique.
-
Compare and contrast market-skimming and market-penetration pricing strategies and discuss the conditions under which each is appropriate. For each strategy, give an example of a recently introduced...
-
About % of the area is between z = -3 and z = 3 (or within 3 standard deviations of the mean). Find the indicated area under the curve of the standard normal distribution; then convert it to a...
-
Determine whether the events are mutually exclusive. Explain your reasoning. 1. Event A: Roll a 3 on a die. Event B: Roll a 4 on a die. 2. Event A: Randomly select a male student. Event B: Randomly...
-
A music company has these costs: Advertising ........... Paper inserts for CD cases Blank CDs ............CD plastic cases Depreciation of CD image burner ......Salaries of sales representatives...
-
Your team was just hired as strategic marketing consultants for a small company that specializes in website translation. The company, which is two years old, translates and localizes websites for...
-
A short dipole antenna operates at the AM broadcast band at 1.2 MHz. To achieve a radiation resistance of 0.5, how long must the antenna be?
-
What are variable costs and fixed costs? What are some examples of each? How are these costs estimated in forecasting operating expenses?
-
Zippy Corporation just purchased computing equipment for $20,000. The equipment will be depreciated using a five-year MACRS depreciation schedule. If the equipment is sold at the end of its fourth...
-
Differentiate the function. f(t) = 1 + ln t/1 In t
-
Is a command-and-control regulation or a market-based instrument better for controlling air transport CO2 emissions?
-
What is the difference between a free-floating currency and a pegged exchange rate?
-
How have the effects of free trade impacted the aviation industry?
-
Name the three major world alliances. What are some of the benefits and costs associated with these alliances?
-
List some of the major technological advancements that have enabled low-cost airlines to succeed in the highly competitive domestic airline market.
-
When localizing an application, which type of data varies in presentation depending on locale? A. Currencies B. Dates C. Both D. Neither
-
What mass of H2 will be produced when 122 g of Zn are reacted? Zn(s) + 2HCl(aq) ( ZnCl2(aq) + H2(g)
-
Phytoremediation is used where pollutants are extensive and extend deep into the soil. True/False
-
Taxes an WACC Cookie Dough Manufacturing has a target debt-equity ratio of .80. Its cost of equity is 17 percent, and its cost of debt is 10 percent. If the tax rate is 35 percent, what is the...
-
Finding the Target Capital Structure Famas LIamas has a weighted average cost of capital of 10.2 percent. The companys cost of equity is 14 percent, and its pretax cost of debt is 8.4 percent. The...
-
Value of a Right show that the value of a right just prior to expiration can be written as: Value of right = PRO Px = (PRO PS) / (N + 1) where PRO, PS and Px stand for the rights-on-price, the...
-
Give an example of one piece of financial information that may be used differently for two stakeholders (users) and explain how it would be used and presented differently?
-
Complete common -size statements (balance sheets) using the data below on page 246. You will be required to create a spreadsheet in MS Excel to display the statements (balance sheets).? In a 1 to 2...
-
A sail boat in the Great South Bay travels 2 miles east and then 4 miles south to get to Fire Island. What is its distance and displacement?
Study smarter with the SolutionInn App