True or False? 1. Fixed Expenses do not changein totalwhen there is a modest change in sales.
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Question:
True or False?
1. Fixed Expenses do not changein totalwhen there is a modest change in sales. True False
2. An example of a fixed expense would be a 5% sales commission. True False
3. Property taxes and rent are often fixed expenses. True False
4. Variable expenses changein totalas volume changes. True False
5. An example of a variable expense is an office manager's monthly salary. True False
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date: