Answered

According to Tiffany's spreadsheet, which expense is one of her variable expenses?

| Expense | Jan | Feb | Mar | Apr | May | Jun |
|---------------|----------|----------|----------|----------|----------|----------|
| Rent | [tex]$1,150.00| $[/tex]1,150.00| [tex]$1,150.00| $[/tex]1,150.00| [tex]$1,150.00| $[/tex]1,150.00|
| Utility Bill | [tex]$114.11 | $[/tex]118.98 | [tex]$124.41 | $[/tex]105.30 | [tex]$110.58 | $[/tex]129.86 |
| Car Loan Payment | [tex]$377.00 | $[/tex]377.00 | [tex]$377.00 | $[/tex]377.00 | [tex]$377.00 | $[/tex]377.00 |
| Insurance Payment | [tex]$91.50 | $[/tex]91.50 | [tex]$91.50 | $[/tex]91.50 | [tex]$91.50 | $[/tex]91.50 |
| Groceries | [tex]$352.30 | $[/tex]329.63 | [tex]$310.29 | $[/tex]328.69 | [tex]$342.46 | $[/tex]304.93 |
| Savings Account | [tex]$150.00 | $[/tex]150.00 | [tex]$150.00 | $[/tex]150.00 | [tex]$150.00 | $[/tex]150.00 |
| Clothing | [tex]$105.67 | $[/tex]52.74 | [tex]$0.00 | $[/tex]76.12 | [tex]$23.90 | $[/tex]134.85 |
| Fuel | [tex]$112.50 | $[/tex]107.32 | [tex]$109.24 | $[/tex]102.87 | [tex]$117.46 | $[/tex]98.41 |

A. Car loan payment
B. Groceries
C. Insurance payment
D. Rent
E. Savings account



Answer :

GinnyAnswer
To identify which of Tiffany's expenses are variable, we need to examine if the value for each category changes from month to month.

1. Rent:
- [tex]$\$[/tex]1,150.00[tex]$, $[/tex]\[tex]$1,150.00$[/tex], [tex]$\$[/tex]1,150.00[tex]$, $[/tex]\[tex]$1,150.00$[/tex], [tex]$\$[/tex]1,150.00[tex]$, $[/tex]\[tex]$1,150.00$[/tex]
- The rent remains constant each month. Thus, rent is not a variable expense.

2. Utility Bill:
- [tex]$\$[/tex]114.11[tex]$, $[/tex]\[tex]$118.98$[/tex], [tex]$\$[/tex]124.41[tex]$, $[/tex]\[tex]$105.30$[/tex], [tex]$\$[/tex]110.58[tex]$, $[/tex]\[tex]$129.86$[/tex]
- The utility bill values change from month to month. Therefore, the utility bill is a variable expense.

3. Car Loan Payment:
- [tex]$\$[/tex]377.00[tex]$, $[/tex]\[tex]$377.00$[/tex], [tex]$\$[/tex]377.00[tex]$, $[/tex]\[tex]$377.00$[/tex], [tex]$\$[/tex]377.00[tex]$, $[/tex]\[tex]$377.00$[/tex]
- The car loan payment remains consistent each month. Thus, car loan payment is not a variable expense.

4. Insurance Payment:
- [tex]$\$[/tex]91.50[tex]$, $[/tex]\[tex]$91.50$[/tex], [tex]$\$[/tex]91.50[tex]$, $[/tex]\[tex]$91.50$[/tex], [tex]$\$[/tex]91.50[tex]$, $[/tex]\[tex]$91.50$[/tex]
- The insurance payment does not change. Thus, insurance payment is not a variable expense.

5. Groceries:
- [tex]$\$[/tex]352.30[tex]$, $[/tex]\[tex]$329.63$[/tex], [tex]$\$[/tex]310.29[tex]$, $[/tex]\[tex]$328.69$[/tex], [tex]$\$[/tex]342.46[tex]$, $[/tex]\[tex]$304.93$[/tex]
- The amount spent on groceries varies each month. Thus, groceries is a variable expense.

6. Savings Account:
- [tex]$\$[/tex]150.00[tex]$, $[/tex]\[tex]$150.00$[/tex], [tex]$\$[/tex]150.00[tex]$, $[/tex]\[tex]$150.00$[/tex], [tex]$\$[/tex]150.00[tex]$, $[/tex]\[tex]$150.00$[/tex]
- The amount saved each month is the same. Thus, savings account is not a variable expense.

7. Clothing:
- [tex]$\$[/tex]105.67[tex]$, $[/tex]\[tex]$52.74$[/tex], [tex]$\$[/tex]0.00[tex]$, $[/tex]\[tex]$76.12$[/tex], [tex]$\$[/tex]23.90[tex]$, $[/tex]\[tex]$134.85$[/tex]
- The spending on clothing changes every month. Thus, clothing is a variable expense.

8. Fuel:
- [tex]$\$[/tex]112.50[tex]$, $[/tex]\[tex]$107.32$[/tex], [tex]$\$[/tex]109.24[tex]$, $[/tex]\[tex]$102.87$[/tex], [tex]$\$[/tex]117.46[tex]$, $[/tex]\[tex]$98.41$[/tex]
- The amount spent on fuel changes each month. Thus, fuel is a variable expense.

Therefore, the variable expenses from Tiffany's spreadsheet are utility bill, groceries, clothing, and fuel.

Among the given options:
- A. Car Loan Payment (Not variable)
- B. Groceries (Variable)
- C. Insurance Payment (Not variable)
- D. Rent (Not variable)
- E. Savings Account (Not variable)

The correct answer is:
B. Groceries