Examlex
Which of the following is an example of a fixed cost?
Accounts Payable
A liability account that records amounts owed by a company to suppliers or creditors for purchases made on credit.
Merchandise Inventory
Represents the goods a company intends to sell to customers that are purchased and stored, evaluated as a current asset on the balance sheet.
F.O.B. Shipping Point
A term used in shipping contracts indicating that the buyer takes ownership and responsibility for goods once they leave the seller's premises.
F.O.B. Destination
A shipping term indicating that the seller retains risk and ownership of goods until they are delivered to the buyer's location.
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