Rent and vehicle insurance payments are examples of
A) short-term liabilities.
B) variable expenses.
C) fixed expenses.
D) long-term liabilities.

Question

Rent and vehicle insurance payments are examples of​
A) ​short-term liabilities.
B) ​variable expenses.
C) ​fixed expenses.
D) ​long-term liabilities.

Quizplus · Accepted Answer

Rent and vehicle insurance payments are typically consistent and regular expenses that do not change much from month to month, making them fixed expenses. Short-term liabilities typically refer to debts that are due within a year, while long-term liabilities refer to debts that are due in more than a year. Variable expenses refer to costs that can fluctuate based on usage or other factors. None of these options accurately describe rent and vehicle insurance payments.

Rent and Vehicle Insurance Payments Are Examples Of​

Rent and Vehicle Insurance Payments Are Examples Of