Use the Information Given Below to Answer the Following Questions

question 6

Multiple Choice

Use the information given below to answer the following questions:
During 2012, a company makes credit sales of $600 000, of which $350 000 is collected at year-end. It pays $220 000 in expenses and owes $20 000 for electricity used during 2012.
-What would the profit be if cash accounting rather than accrual accounting were used?

• A) $130 000
• B) $110 000
• C) $380 000
• D) $730 000.

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Definitions:

Free Association

A psychoanalytic technique where the patient speaks freely to reveal unconscious thoughts and feelings.

Projective Techniques

Psychological assessment tools that use ambiguous stimuli to elicit responses that reveal aspects of an individual's personality.

Reinforcers

Stimuli that increase the likelihood of a behavior being repeated by providing a consequence that is desirable to the individual.

Human Behavior

encompasses the wide range of behaviors exhibited by humans and is influenced by culture, attitudes, emotions, values, ethics, authority, rapport, hypnosis, persuasion, coercion, and genetics.