Richard Hamilton has a fast food franchise and pays a franchise fee. The fee is $35,000 plus 3% of gross sales. With respect to sales, the fee is a:
A. variable cost
B. fixed cost
C. step-variable cost
D. mixed cost
Answer: D
Richard Hamilton has a fast food franchise and pays a franchise fee. The fee is $35,000 plus 3% of gross sales. With respect to sales, the fee is a:
A. variable cost
B. fixed cost
C. step-variable cost
D. mixed cost
Answer: D
If the answers is incorrect or not given, you can answer the above question in the comment box. If the answers is incorrect or not given, you can answer the above question in the comment box.