Cool Runnings operates a chain of frozen yogurt shops. The company pays $5,000 of rent expense per month for each shop. The managers of each shop are paid a salary of $3,000 per month and all other employees are paid on an hourly basis. Relative to the number of shops, the cost of rent is which kind of cost?
A. Mixed cost
B. Fixed cost
C. Variable cost
D. Opportunity cost
Answer: C
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Brentwood Company purchased a mine in 2018 for $500,000 and estimated that 30,000 tons of iron ore could be extracted from it. There was no residual value. The business extracted and sold 2,500 tons of ore in 2018. How will the mine be reported on the balance sheet at the end of year 2018? (Round all intermediate calculations to the nearest cent.) Omit explanation.
What will be an ideal response?
Leaders in effective hospitality organizations use ______ to recognize and reward the behaviors the culture values.
a. variable compensation b. Validation c. Rituals d. Prizes
The majority of franchising sales are made by franchisor-owned units
Indicate whether the statement is true or false
To be effective, a disclaimer of the implied warranty of merchantability must specifically mention the term merchantability
Indicate whether the statement is true or false