Explain Whether Each of the Following Is a Fixed Cost

question 303

Essay

Explain whether each of the following is a fixed cost or a variable cost for Damian Dandridge's tattoo parlor.
a.The payment he makes to buy tattoo ink.
b.The wages he pays his employees.
c.The $500-per-month payment he makes to advertise his shop on highway billboards.
d.The lease payment he makes to the landlord who owns the building where his shop is located.
e.The payment he makes on his liability insurance policy.

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Definitions:

Major Depressive Disorder

A mental health condition characterized by persistent feelings of sadness, loss of interest in activities, and various emotional and physical problems.

Psychotherapy

A therapeutic treatment involving psychological techniques, intended to assist individuals in understanding and resolving their behavioral, emotional, and mental issues.

Middle Eastern Countries

Nations located in the Middle East region, characterized by cultural, religious, and geopolitical diversity, including countries such as Saudi Arabia, Iran, and Israel.

Asian Countries

Refers to nations located on the continent of Asia, including, but not limited to, China, India, Japan, and South Korea.