A certain company began the year with total assets of $10,000,000 and total liabilities of $6,200,000. No additional stock was issued during the year. Use the accounting equation to answer the following questions.
Definitions:
Variable Ratio
A reinforcement schedule in operant conditioning where a response is reinforced after an unpredictable number of responses.
Fixed Interval
A type of reinforcement schedule in operant conditioning where rewards are provided after a specific, constant amount of time has passed.
Fixed Ratio
Fixed ratio denotes a schedule of reinforcement where a response is reinforced only after a specified number of responses have occurred.
Variable-interval Schedule
A schedule of reinforcement where a response is rewarded after an unpredictable amount of time has passed, contributing to a steady, stable rate of response.
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