The Following Income Statements Are Provided for Li Company's Last

question 33

Multiple Choice

The following income statements are provided for Li Company's last two years of operation: $\begin{array}{lrr}&\text { Year 1}&\text { Year 2}\\\text { Number of units produced and sold } & 3,500 & 3,000 \\\text { Sales revenue } & \$ 101,500& \$ 87,000 \\\text { Cost of goods sold } & 68,000& 60,000 \\\text { Gross margin } & 33,500& 27,000 \\\text { General, selling, and administrative expenses } & 13,000& 12,00 0 \\\text { Net income } & \$ 20,500 & \$ 15,000\end{array}$ Assuming that cost behavior did not change over the two-year period,what is the company's annual fixed general,selling,and administrative cost?

• A) $6,500
• B) $6,000
• C) $3,000
• D) $2,500

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Definitions:

Integration Area

Regions within the brain that process and combine information from various senses, supporting comprehensive perception and understanding.

Cerebral Cortex

The outer layer of neural tissue of the cerebrum in the brain, playing a key role in memory, attention, perceptual awareness, thought, language, and consciousness.

Localization

The determination or mapping of specific functions or processes to particular areas of the brain or body, often used in neuroscience and biology.

Brain Function

The activities and processes that take place in the brain to support physical, cognitive, and emotional life.