Fixed and Variable Expenses
Fixed expense
What is a financial institution that will hold your money for you?
Bank
Jenny is selling cookies at a bake sale. She spent $5.16 on supplies for the cookies. She earned $11.04 from selling the cookies. What is her profit?
$5.88
How many quarters are in $3?
12
1/8 + 3/8 (in simplest form)
1/2
What is an expense that is different every month called?
Variable expense
What kind of account at a bank can gain interest?
Savings account
Earnings = $45
Expenses = $8.06
What is the profit?
$36.94
How many dimes are in $12
120
What place value is the 3 in?
1,847.32
tenths place
Groceries are typically what type of expense?
Name three things you can do at a bank.
Make a deposit, Withdrawal money, Cash a check, Take out a loan, Open a savings account, open a checking account
Karli earned $75 selling paintings. She spent $12.72 on paint and canvases for the paintings. What was her profit?
$62.28
Carlos went to the bank to get some pennies. He gave the banker $30. How many pennies will he get?
3,000
;)
Carter spent $35 on a video game in January. In February, he bought another video game for $65. And, in March, he didn't buy any video games. What type of expense is this?
Variable expense
How can you buy something now and pay for it later?
Credit or Loan
Josh made a profit of $234.50 at his garage sale. He spent $5.50 on tags for the garage sale. What were his total earnings?
$240
Sam gives his little sister $5 in nickels. How many nickels did he give her?
100
65 x 72
4,680
Garret pays $75 for wifi each month. He paid $65.75 one month for his water bill, $59.89 another month, and $62.37 another month. Which of these is a variable expense, wifi or water bill?
Water bill
What is the purpose of taxes?
The government uses the money to pay for things that people need. Such as schools, post offices, hospitals, etc.
Harley is selling lemonade for $2.00 a glass. He sold 18 glasses of lemonade. His profit was $32.72. What were his expenses?
$3.28
Tonia is collecting quarters from each state in the United States. She has collected 40 quarters. How much is her collection worth?
$10
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