Divide the Class into Teams of Three or Four People

question 42

Essay

Divide the class into teams of three or four people.Each team member should work the following problem separately outside of class.Then give the students time in class to compare answers with their teammates and put together a final,correct copy of the problem.Each team should turn in only one copy of the problem for grading.All team members will receive the same grade.
Phillo,Inc.had the following sales and purchases during its first month of business.
Part A: Record the effect of the following transactions on the accounting equation,assuming a LIFO perpetual inventory system.Fill in both the correct dollar amounts and account titles.Use a plus for increases and a minus for decreases.

Part B: Record the effect of the following transactions on the accounting equation assuming a FIFO perpetual inventory system.Fill in both the correct dollar amounts and account titles.Use a plus for increases and a minus for decreases.

Part C: Put an X in the appropriate box to select the method that gives the result shown by choosing either LIFO,FIFO,or Same (if both methods result in the same amount).

Understand how classical conditioning theories are applied to modify behavior.

Identify factors that influence the strength and persistence of learned responses.

Analyze how classical conditioning principles can explain complex human behaviors and preferences.

Recognize the implications of conditioned taste aversions.

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Definitions:

Market Equilibrium

A condition or state where the quantity demanded of a good or service at a certain price equals the quantity supplied, leading to a stable market condition.

Collusion

An agreement, usually secretive, between firms to fix prices, limit supply, or inhibit competition.

Candy Bar Manufacturers

Companies or entities that specialize in producing and distributing candy bars.

Grocery Store

A retail establishment that primarily sells food, both fresh and packaged, along with various household items.