Question
Assume you have a restaurant operation and the property owner has offered you a fixed lease rental of $48,406 per year or a variable lease
Assume you have a restaurant operation and the property owner has offered you a fixed lease rental of $48,406 per year or a variable lease rental of 12% of your sales revenue. At what sales revenue, you would be indifferent between the two options?
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Financial Accounting
Authors: Patricia A. Libby, Daniel Short, George Kanaan, Maureen Libby Gowing, Robert Libby
4th Canadian Edition
0070001499, 9780070001497
