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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,
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?
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