Richard hamilton has a fast - food franchise, Accounting Basics

Richard Hamilton has a fast - food franchise and must pay a franchise fee of $35000 plus 3% of gross sales. In terms of cost behavior, the total cost is a:
a) variable cost
b) fixed cost
c) step - fixed cost
d) mixed cost

Related Discussions:- Richard hamilton has a fast - food franchise

prepare the ledger accounts-trial balance-balance sheet , A part of Deeper...

A part of Deeper Coral's income is earned from conducting diving lessons. Level Lesson Type Fee per hour I Intro

Explain about purchase returns and allowances, Q. Explain about Purchase re...

Q. Explain about Purchase returns and allowances? Purchase returns and allowances A purchase return takes place when a buyer returns merchandise to a seller. When a buyer recei

Concept of accountability, Problem It is usually recognized that power ...

Problem It is usually recognized that power is an essential component of accountability and that greater accountability is recognized towards those stakeholders who have more p

How is a journal entry recorded?, Journal Entries are recorded on a double ...

Journal Entries are recorded on a double entry system like debit and credit concept. In order to record a journal entry the following steps require to be followed. ? Enter the J

Procedure, procedure followed in government system of accounting in india

procedure followed in government system of accounting in india

Show double-entry procedure or duality, Q. Show double-entry procedure or d...

Q. Show double-entry procedure or duality? In every business transaction we record the total dollar amount of debits must equal the total dollar amount of credits. While we deb

What is owners invested cash, Q. What is Owners invested cash? When Met...

Q. What is Owners invested cash? When Metro Courier Inc was structured as a corporation on 2010 June 1 the company issued shares of capital stock for USD 30000 cash to Ron Chan

A vendor reduces an item listed at $140 on july 1st by 20%, A vendor reduce...

A vendor reduces an item listed at $140 on July 1st by 20%, and then reduces it another 25% on September 1st. What is the sale price of the good after the last reduction? A. $7

Inventories and cost of goods sold, Inventory is habitually the largest and...

Inventory is habitually the largest and most important asset owned by a merchandising business. The inventory of some companies similar to car dealerships or jewellery stores may c

Journal, transactions can be even directly entered to the ledger elaborate ...

transactions can be even directly entered to the ledger elaborate and explain why journal is necessary

Write Your Message!

Name

Email id

Message

Verfication Code

User Account

All Pages