Question
A restaurant manager is considering between a fixed lease and a variable lease. Fixed lease for the year is $60,000 and the variable lease is
A restaurant manager is considering between a fixed lease and a variable lease. Fixed lease for the year is $60,000 and the variable lease is 6% of the annual sales. What is the indifference point for this decision?
Group of answer choices
Sales revenue of $60,0000
6% of fixed lease
Sales revenue of $600,000
Sales revenue of $1,000,000
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Intermediate Accounting
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield
IFRS edition volume 2
978-0470613474, 470613475, 978-0470616314
