Use This Balance Sheet and Income Statement for the First

question 89

Multiple Choice

Use this balance sheet and income statement for the first year of operations for Layton Novelties,Inc.to answer the following question.Use ending balances whenever average balances are required for computing ratios. $\begin{array}{c}\text {Abner Systems, Inc.}\\\text {Income Statement}\\\text {For the Year Ended December 31, 2010}\\\begin{array}{lr}\text { Net sales } & \$ 80,000 \\\text { Costs of goods sold } & \underline{32,000} \\\text { Gross margin } & \$ 48,000 \\\text { Operating expenses } & \underline{12,000}\\\text { Income before income taxes }&\$36,000 \\\text { Income taxes }& \underline{14,400}\\ \text {Net income } & \$21,600 \end{array}\end{array}$
The return on equity for Layton Novelties is

• A) 48 percent.
• B) 21.6 percent.
• C) 42 percent.
• D) 30 percent.

Understand the impact of family therapy in improving communication and reducing relapse rates in schizophrenia patients.

Recognize the significance of social and community support in the aftercare and reintegration of schizophrenia patients.

Identify various therapeutic techniques used to help patients reinterpret and cope with hallucinations.

Understand the concept of deinstitutionalization and its goals for mental health care.

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Definitions:

B.F. Skinner

A prominent psychologist renowned for his work in behaviorism, particularly the development of operant conditioning.

Extinction

Gradual reduction and eventual disappearance of a conditioned response when the conditioned stimulus is no longer paired with the unconditioned stimulus.

Begging Behaviour

A survival strategy often observed in young animals, involving vocal or physical actions aimed at soliciting attention, care, or resources from adults.

Dog's Behaviour

The range of actions and mannerisms exhibited by dogs in response to their environment or stimuli, influenced by genetic, social, situational, and environmental factors.