The Income Statement for the Month of June, 2018 of Camera

question 19

Multiple Choice

The income statement for the month of June, 2018 of Camera Obscura Enterprises contains the following information: After the revenue and expense accounts have been closed, the balance in Income Summary will be

• A) $0.
• B) a debit balance of $1,300.
• C) a credit balance of $1,300.
• D) a credit balance of $7,000.

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Definitions:

Fixed Interval

A schedule of reinforcement where the first response is rewarded only after a specified amount of time has elapsed, used in the study of behavior.

Variable Ratio

A schedule of reinforcement where a response is reinforced after an unpredictable number of responses, commonly used in gambling.

Fixed Ratio

A schedule of reinforcement where a response is reinforced only after a specified number of responses, commonly used in behavior analysis.

Variable Interval

A schedule of reinforcement where a response is rewarded after an unpredictable amount of time has passed, encouraging steady behavior.