Based on the information Gita’s yearly fixed cost is $60,000.
Since Gita’s pays monthly rent of the amount of $5,000 per year which means that the yearly fixed cost is $60,000.
The yearly fixed cost is calculated using this formula
Fixed cost=Rent× Number of month in a year
Where:
Rent=$5,000
Number of month in a year=12 months
Let plug in the formula
Fixed cost=$5,000×12 months
Fixed cost=$60,000
Inconclusion Gita’s yearly fixed cost is $60,000.
Learn more here:
https://brainly.com/question/23388656