International Imports Is a Merchandising Firm

question 14

Multiple Choice

International Imports is a merchandising firm.Last year, the company reported sales of $674,500 and cost of goods sold of $404,700.The company's total variable selling and administrative expense was $60,705, and fixed selling and administrative expense was $53,960.The total fixed costs for the firm are

• A)$458,660.
• B)$404,700.
• C)$60,705.
• D)$53,960.

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Definitions:

Environmental Influences

External factors that affect growth, development, behavior, and well-being, including social, cultural, and physical environments.

Intelligence Quotient

A measure of a person's cognitive abilities in relation to their age group, often used to assess intellectual potential.

Parenting Styles

The emotional climate in which parents raise their children, including disciplinary strategies, expectations, and communication methods.

Systematic Procedure

A methodical approach to solving problems or completing tasks that follows a fixed plan or system.