Yummy Ice Cream leases space in Quakers Hill Mall. Under the lease, Yummy Ice Cream...
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Accounting
Yummy Ice Cream leases space in Quakers Hill Mall. Under the lease, Yummy Ice Cream must pay a base rent of $2,000 per month plus 5% of all sales revenue over $50,000 per month. What is the total rent for the month if Yummy Ice Cream has sales of $60,000 this month?
| a. | $3,000. | |
| b. | $5,000. | |
| c. | $2,500. | |
| d. | $4,500. |
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