The Following Are the Current Month's Balances for Toys Galore

question 88

Multiple Choice

The following are the current month's balances for Toys Galore:
$$\begin{array} { | l | l | } \hline \text { Accounts payable } & \$ 9000 \\\hline \text { Revenue } & 12,000 \\\hline \text { Cash } & 3000 \\\hline \text { Expenses } & 1400 \\\hline \text { Furniture } & 14,000 \\\hline \text { Accounts receivable } & 13,000 \\\hline \text { Iones, capital } & 7250 \\\hline \text { Loan payable } & 4500 \\\hline\end{array}$$
What is the profit for Toys Galore for the current month?

• A) $13,400
• B) $10,600
• C) $15,000
• D) $12,000

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Definitions:

Information-Processing Theory

Emphasizes that individuals manipulate information, monitor it, and strategize about it. Central to this theory are the processes of memory and thinking.

Theorist

An individual who formulates theories or is skilled in developing theoretical models in a particular field of study.

Siegler

A reference to Robert Siegler, a prominent figure in the field of developmental psychology known for his work on children's cognitive development and problem-solving strategies.

Cognitive Development

Refers to the growth and change in mental capabilities such as thinking, reasoning, problem-solving, and understanding over the lifespan.