Identifying variable, fixed, and mixed costs Holly's Day Care has been in operation for several years. Identify each cost as variable (V), fixed (F), or mixed (M), relative to number of students enrolled. 1. Building rent. 2. Toys. 3. Compensation of the office manager, who receives a salary plus a bonus based on number of students enrolled. 4. Afternoon snacks. 5. Lawn service contract at $200 per month. 6. Holly's salary. 7. Wages of afterschool employees. 8. Drawing paper for students' artwork. 9. Straight-line depreciation on furniture and playground equipment. 10. Fee paid to security company for monthly service. Based on the current ratio from the previous question, Costco is: 1. highly illiquid and in financial trouble. 2. has slightly more than enough liquid assets to cover its short-term obligations. 3. is flush with cash. 4. has slightly less than enough liquid assets to cover its short-term obligations: QUESTION 5 If Costco bought a water bottling plant to produce it's Kirkland Signature brand bottled water, this would be an example of: 1. Vertical integration 2. Horizontal integration. 3. Lateral integration. 4. None of the above