Explain the importance of distinguishion between fixed and variable costs.

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Answer 1

Question

Chapter 5, Problem 1E

To determine

Explain the importance of distinguishion between fixed and variable costs.

Expert Solution & Answer

Explanation of Solution

The earning and income of a company will be affected by fixed and variable costs. Individuals distinguish between fixed and variable costs for the same purpose. That is, to clearly calculate the earnings and income of a company, individuals will distinguish between fixed and variable costs. Fixed cost is the cost that will remain constant and known as the initial investment or spending of a firm to start the business. The variable cost includes all expenditures of the company, and it will vary with varying production. For a clear calculation of earnings and losses, individuals will distinguish between fixed and variable cost.

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Answer 2

Question

Chapter 5, Problem 1E

To determine

Explain the importance of distinguishion between fixed and variable costs.

Expert Solution & Answer

Explanation of Solution

The earning and income of a company will be affected by fixed and variable costs. Individuals distinguish between fixed and variable costs for the same purpose. That is, to clearly calculate the earnings and income of a company, individuals will distinguish between fixed and variable costs. Fixed cost is the cost that will remain constant and known as the initial investment or spending of a firm to start the business. The variable cost includes all expenditures of the company, and it will vary with varying production. For a clear calculation of earnings and losses, individuals will distinguish between fixed and variable cost.

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Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!

Answer 3

Question

Chapter 5, Problem 1E

To determine

Explain the importance of distinguishion between fixed and variable costs.

Expert Solution & Answer

Explanation of Solution

The earning and income of a company will be affected by fixed and variable costs. Individuals distinguish between fixed and variable costs for the same purpose. That is, to clearly calculate the earnings and income of a company, individuals will distinguish between fixed and variable costs. Fixed cost is the cost that will remain constant and known as the initial investment or spending of a firm to start the business. The variable cost includes all expenditures of the company, and it will vary with varying production. For a clear calculation of earnings and losses, individuals will distinguish between fixed and variable cost.

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Answer 4

Question

Chapter 5, Problem 1E

To determine

Explain the importance of distinguishion between fixed and variable costs.

Expert Solution & Answer

Explanation of Solution

The earning and income of a company will be affected by fixed and variable costs. Individuals distinguish between fixed and variable costs for the same purpose. That is, to clearly calculate the earnings and income of a company, individuals will distinguish between fixed and variable costs. Fixed cost is the cost that will remain constant and known as the initial investment or spending of a firm to start the business. The variable cost includes all expenditures of the company, and it will vary with varying production. For a clear calculation of earnings and losses, individuals will distinguish between fixed and variable cost.

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Answer 5

Chapter 5, Problem 1E

To determine

Explain the importance of distinguishion between fixed and variable costs.

Expert Solution & Answer

Explanation of Solution

The earning and income of a company will be affected by fixed and variable costs. Individuals distinguish between fixed and variable costs for the same purpose. That is, to clearly calculate the earnings and income of a company, individuals will distinguish between fixed and variable costs. Fixed cost is the cost that will remain constant and known as the initial investment or spending of a firm to start the business. The variable cost includes all expenditures of the company, and it will vary with varying production. For a clear calculation of earnings and losses, individuals will distinguish between fixed and variable cost.

Answer 6

Chapter 5, Problem 1E

To determine

Explain the importance of distinguishion between fixed and variable costs.

Expert Solution & Answer

Explanation of Solution

The earning and income of a company will be affected by fixed and variable costs. Individuals distinguish between fixed and variable costs for the same purpose. That is, to clearly calculate the earnings and income of a company, individuals will distinguish between fixed and variable costs. Fixed cost is the cost that will remain constant and known as the initial investment or spending of a firm to start the business. The variable cost includes all expenditures of the company, and it will vary with varying production. For a clear calculation of earnings and losses, individuals will distinguish between fixed and variable cost.

Answer 7

Chapter 5, Problem 1E

To determine

Explain the importance of distinguishion between fixed and variable costs.

Answer 8

Expert Solution & Answer

Explanation of Solution

The earning and income of a company will be affected by fixed and variable costs. Individuals distinguish between fixed and variable costs for the same purpose. That is, to clearly calculate the earnings and income of a company, individuals will distinguish between fixed and variable costs. Fixed cost is the cost that will remain constant and known as the initial investment or spending of a firm to start the business. The variable cost includes all expenditures of the company, and it will vary with varying production. For a clear calculation of earnings and losses, individuals will distinguish between fixed and variable cost.