International Imports Is a Merchandising Firm

question 143

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 variable costs for the firm are

• A)$60,705.
• B)$114,665.
• C)$404,700.
• D)$465,405.

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Definitions:

Prosopagnosia

An impairment in the brain preventing the recognition of faces, often termed as face blindness.

Emotion

Complex psychological states involving three distinct components: a subjective experience, a physiological response, and a behavioral or expressive response.

Absolute Thresholds

The minimum intensity of stimulation that must occur before you experience a sensation, varying across sensory modalities.

Weber's Law

A principle that states the smallest change in a stimulus that can be detected is a constant proportion of the original stimulus.