which one of these auto expenses would be considered variable ?
A.Insurance premiums
B.Vehicle registration renewal
C.Gasoline
D.Loan payments
i thonk its B or C
Study this definition of variable. Then decide whether B or C is variable.
Thank you !
which one of these auto expenses would be considered variable
To identify which auto expenses are considered variable, we need to understand the difference between variable and fixed expenses. Variable expenses are those that can change from month to month or are dependent on usage or circumstances, while fixed expenses remain consistent over a specified period.
Let's analyze the given options:
A. Insurance premiums: Insurance premiums are usually fixed expenses, meaning they remain consistent over a certain period, such as annually or semi-annually. Therefore, insurance premiums are not considered variable expenses.
B. Vehicle registration renewal: Vehicle registration renewal fees are typically fixed expenses and remain consistent within a specific time frame, usually annually. Hence, they are not regarded as variable expenses.
C. Gasoline: Gasoline expenses can fluctuate depending on factors such as driving habits, fuel prices, and distances traveled. Since gasoline costs can vary from month to month, they are considered variable expenses.
D. Loan payments: Loan payments are fixed expenses, meaning they remain consistent over a specified period and do not change based on usage or circumstances. Therefore, loan payments are not considered variable expenses.
In conclusion, the variable auto expense among the given options is C. Gasoline.