Describe how as a consumer taking charge of your own financial future, what lessons could you take from the concept of fixed and variable costs?

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Discussion Question – Accounting

Accounting is considered the language of business, and also applies in our personal financial lives. Cost is determined by fixed and variable. The difference variable expenses differ from fixed expenses, such as our expenses that remain the same throughout the term of your loan or lease. Unlike fixed expenses, variable expenses can change significantly over the course of a week, a month, or a year. In this discussion question, you will apply theory from your past courses in accounting:

Describe how as a consumer taking charge of your own financial future, what lessons could you take from the concept of fixed and variable costs? Support your response with your current financial status.

Provide your response if you agree that giving companies tax breaks for charitable contributions distorts public spending. Why or why not? Describe in details to support your response.

Peer Response

Provide one (1) peer response and detail your business opinion on your peer’s thoughts on tax breaks for charitable contributions. Explain why you agree or disagree with their position. Support your position.

Discussion Question Requirements

Write your responses in the APA format.

You must include at least two references in your Discussion Question – Accounting.

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