Last summer Jon and Dave, to earn money for their college tuition, operated a snack booth at Clearwater Beach, Florida for 3 months. They sold soft drinks, chips, crackers, and candy bars. A month before they were planning to open, Jon found a location that rented for $500 a month and a small refrigerator unit which they rented for $40 per month. Dave located local distributors for the food products as well as for the paper products that they would need. Dave also purchased a business license for $200 and bought 3-month's worth of liability insurance for $250. The business license, rental fees, and insurance are all examples of:

Last summer Jon and Dave, to earn money for their college tuition, operated a snack booth at Clearwater Beach, Florida for 3 months. They sold soft drinks, chips, crackers, and candy bars. A month before they were planning to open, Jon found a location that rented for $500 a month and a small refrigerator unit which they rented for $40 per month. Dave located local distributors for the food products as well as for the paper products that they would need. Dave also purchased a business license for $200 and bought 3-month's worth of liability insurance for $250. The business license, rental fees, and insurance are all examples of:



Answer: Fixed costs


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