Isondo's TV and Appliance Store Is a Small Company That

question 43

Multiple Choice

Isondo's TV and Appliance Store is a small company that has hired you to perform some management advisory services. The following information pertains to 2015 operations.
$$\begin{array} { l r } \text { Sales (1,200 televisions) } & \$ 1,200,000 \\\text { Cost of goods sold } & 540,000 \\\text { Store manager's salary per year } & 108,000 \\\text { Operating costs per year } & 216,000 \\\text { Advertising and promotion per year } & 24,000 \\\text { Commissions ( } 3 \% \text { of sales) } & 36,000\end{array}$$
-What were total fixed costs for 2015?

• A) $924,000
• B) $576,000
• C) $348,000
• D) $224,000

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Definitions:

Phishing

The process of sending e-mail messages to lure Internet users into revealing personal information such as credit card or Social Security numbers or other sensitive information that could lead to identity theft.

Script Virus

A type of malware that is executed through a scripting language, capable of infecting multiple files and spreading across networks.

Encryption Virus

A malicious program that searches for common data files and compresses them into a file using a complex encryption key, thereby rendering the files unusable.

Macro Virus

A virus that’s distributed by hiding it inside a macro.