Which of the Following Would NOT Be Considered a Variable

question 33

Multiple Choice

Which of the following would NOT be considered a variable expense for a restaurant?

• A)Wages
• B)Food
• C)Rent
• D)Beverages

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Definitions:

Assets

Resources owned by individuals or companies expected to provide future benefits, including cash, properties, and investments.

Creditors

Creditors are individuals or entities to whom money is owed by debtors or borrowers.

Primary Objective Test

A rule that states a writing is not needed for enforcement if the promise to pay another party’s debt is made to obtain a gain for the guarantor.

Guarantor

The promisor.