Use the Information Below to Answer the Following Question(s)

question 145

Multiple Choice

Use the information below to answer the following question(s) .Pershing Company budgeted the following costs for the production of its one and only product, blades, for the next fiscal year:
Pershing has a target profit of $150,000.
-The target profit percentage for setting prices as a percentage of total variable costs would be

• A)47%.
• B)33%.
• C)29%.
• D)38%.
• E)61%.

Grasp the significance of socialization across the lifespan and its impact on human behavior and personality.

Identify and describe the key components of the self and personality as proposed by major theorists.

Recognize the roles of various agents of socialization, including family, peers, and mass media.

Comprehend the role of early childhood experiences, as advocated by Freud, in personality development.

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Definitions:

Net Income

The company's net income following the deduction of all costs and taxes from the total income.

Income Summary

An account to which the revenues and expenses are transferred in order to close the books; it reflects the net income or loss at the end of a period.

Owner's Capital Account

An account on a company's balance sheet that represents the owner's investment and retained earnings in the business.

Credit Balance

This represents the amount that a company or individual owes to creditors; in accounting, it indicates a balance on the right side of a ledger.