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Which of the following would not be classified as a tangible long-term asset?
Mixed Costs
Expenses comprising both fixed and variable components, changing in total with the level of activity but not proportionately.
Merchandising Firm
A business that purchases finished goods for resale in order to make a profit, differentiating itself from manufacturing firms and service firms.
Gross Margin
The difference between sales revenue and the cost of goods sold, expressed as a percentage of sales revenue.
Contribution Margin
The amount remaining from sales revenue after variable expenses have been deducted; a measure of profitability.
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