Ralph's Dairy Started with $5,000 in Inventory and Had the Following

question 20

Multiple Choice

Ralph's Dairy started with $5,000 in Inventory and had the following transaction totals for the month:
Sales $10,000
Sales Returns and Allowances 1,000
Cost of Goods Sold 5,500
Purchases 7,000
Freight 500
Purchases Returns and Allowances 1,000
Purchases Discounts 700
Based on the above, ending Inventory for the period is

• A) $4,300.
• B) $6,300.
• C) $5,300.
• D) $5,800.

Recognize the role of perceptions in equity and how individuals react to perceived inequities.

Identify the elements of goals that motivate and direct behavior towards achieving objectives.

Acknowledge the impact of goal characteristics on motivation according to goal-setting theory.

Calculate margin of safety and margin of safety ratio.

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Definitions:

Bandura

Albert Bandura is a psychologist known for his social learning theory, emphasizing the role of observational learning, self-efficacy, and reciprocal determinism in behavior.

Freud

Sigmund Freud, an Austrian neurologist and the founder of psychoanalysis, known for his theories on the unconscious mind and the development of psychotherapy.

Thorndike

An American psychologist known for his work on learning theory that led to the development of operant conditioning within behaviorism.

Maslow

Refers to Abraham Maslow, a psychologist known for creating Maslow's hierarchy of needs, a theory in psychology regarding human motivation.