Answer the Following Questions Using the Information Below

question 132

Multiple Choice

Answer the following questions using the information below:
The following information pertains to the January operating budget for Brindabella Corporation,a retailer:
Budgeted sales are $300 000 for January
Collections of sales are 50% in the month of sale and 50% the next month
Cost of goods sold averages 70% of sales
Merchandise purchases total $250 000 in January
Marketing costs are $3000 each month
Distribution costs are $5000 each month
Administrative costs are $10 000 each month
-For January,budgeted net profit is:

• A)$72 000.
• B)$50 000.
• C)$52 000.
• D)$60 000.

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Definitions:

Learning Sets

The concept in psychology that refers to the idea that learning is facilitated through the experience of solving similar problems, leading to an ability to generalize problem-solving strategies.

Secondary Reinforcer

A conditioned reinforcer that gains its reinforcing power through its association with primary reinforcers; examples include money, grades, and tokens.

Cognitive Map

An internal representation of the spatial relationships among objects in an environment, allowing for navigation and understanding of that space.

Observational Learning

The process of learning behaviors by watching and imitating others.