Would you say this cost is a fixed cost and variable cost


Problem

Hannibal Corporation negotiated with a property owner to pay rent of $10,000 per year and 2% of its sales revenue. Based on this described relationship, would you say this cost is a fixed cost, variable cost, mixed cost, or a stepped cost?

Request for Solution File

Ask an Expert for Answer!!
Business Management: Would you say this cost is a fixed cost and variable cost
Reference No:- TGS03297362

Expected delivery within 24 Hours