Calculate: (A)net Sales, (B)cost of Goods Sold, (C)gross Profit, and (D)net

question 9

Essay

Calculate: (a)net sales, (b)cost of goods sold, (c)gross profit, and (d)net income from the following:

---

Definitions:

Spontaneous Recovery

The return of a conditioned response that had previously been eliminated, following a period where the conditioned stimulus was not presented.

Extinction

In psychology, the gradual weakening and eventual disappearance of a learned response, often occurring when the reinforcement previously associated with the behavior is removed.

Stimulus Generalization

A process in which a response to a specific stimulus becomes associated to other stimuli that are similar, leading to a similar response.

Spontaneous Recovery

The reappearance of a conditioned response after a pause or period of apparent extinction.