Larry's Lawn Care incurs significant gasoline costs. This cost would be classified as a variable cost if the total gasoline cost:
A. is not affected by the number of hours the lawn equipment is operated.
B. increases in direct proportion to the number of hours the lawn equipment is operated.
C. varies inversely with the number of hours the lawn equipment is operated.
D. none of the above.
Answer: B
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a. True b. False Indicate whether the statement is true or false
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Answer the following statement true (T) or false (F)
The distribution of a firm's capital between debt and equity is its
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