The Stacy Company Makes and Sells a Single Product, Product

question 13

Multiple Choice

The Stacy Company makes and sells a single product, Product R. Budgeted sales for April are $300,000. Gross margin is budgeted at 30% of sales dollars. If the net income for April is budgeted at $40,000, the budgeted selling and administrative expenses are:

• A)$133,333.
• B)$102,000.
• C)$50,000.
• D)$78,000.

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Definitions:

Variable-Interval Schedule

A reinforcement schedule in operant conditioning where a behavior is rewarded after an unpredictable amount of time has passed.

Behavioral Responses

Actions or reactions of an organism as a result of external or internal stimuli.

Collective Unconscious

A concept by Carl Jung referring to the part of the unconscious mind that is derived from ancestral memory and experience and is common to all humankind.

Operant Behavior

Behavior that is controlled by its consequences, in the context of operant conditioning, whereby reinforcements or punishments shape behavior patterns.