Fix expense in the Support Agreement effortlessly

Aug 6th, 2022
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How to Fix expense in the Support Agreement

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hello this is joseph patel from the patella law group and in this video were going to be going over fixed fee agreements so in a fixed fee agreement there are a few different circumstances where our law offices in fact make a flat fee meaning you only pay one amount for the work that were going to perform examples of this are for landlords eviction cases um also we do bankruptcies on a fixed fee agreement we also uh file simple llcs if you do need uh you know corporations llcs that are much more in depth we would be giving you an hourly fee agreement but for certain circumstances we do offer these fixed fee agreements to keep um costs down for our clients and to also know what the full extent of their charges will be one of the first important things in here would be your name and address make sure that this is all correct and right here all of this pertaining to this is the subject matter this is what youre paying us for this is what we will be doing the importance of this is be

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Role of Fixed Costs: Fixed costs are sunk costs. Machinery purchased, already, cannot be sold, without loss, in terms of money. Fixed costs that are incurred are not relevant for our decision-making. Costs that will be incurred, in any event, should not be considered in the decision-making.
Here are some of the most common non-fixed expenses: Groceries/food. Gas. Car/home repairs. Gifts. Educational expenses (field trips, etc.) Medical bills. Trips. Hobby/entertainment expenses.
It would not be the fixed costs related to the operations that cannot be altered and will not change with the level of production. Therefore, in most straightforward instances, fixed costs are not relevant for production decision, and incremental costs, or variable costs, are relevant for these decisions.
Examples of Fixed Expenses Mortgage or rent payments. Loan payments, such as auto loans or student loans. Insurance premiums, such as for car insurance and homeowners insurance.
Examples of Fixed Expenses Mortgage or rent payments. Loan payments, such as auto loans or student loans. Insurance premiums, such as for car insurance and homeowners insurance.
Fixed expenses generally cost the same amount each month (such as rent, mortgage payments, or car payments), while variable expenses change from month to month (dining out, medical expenses, groceries, or anything you buy from a store).
Fixed expenses are all reoccurring expenses from rent or mortgage bills to car payments as well as tuition or childcare expenses for your children. Other bills that fall under this category include health insurance, life insurance, and essential utilities.
It can be noted that fixed costs are often irrelevant because they cannot be altered in any given situation.
Relevant cost is a managerial accounting term that describes avoidable costs that are incurred only when making specific business decisions. The concept of relevant cost is used to eliminate unnecessary data that could complicate the decision-making process.
Examples of fixed costs are rent and lease costs, salaries, utility bills, insurance, and loan repayments.

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