Following Is a List of Account Balances of Wilson Mowing

question 54

Multiple Choice

Following is a list of account balances of Wilson Mowing Service as at 31 December of the first year of operation:
$$\begin{array} { | l | l | } \hline \text { Accounts receivable } & \$ 4000 \\\hline \text { Accounts payable } & 5000 \\\hline \text { Salary expense } & 5000 \\\hline \text { Repairs expense } & 500 \\\hline \text { Truck } & 12,000 \\\hline \text { Equipment } & 10,000 \\\hline \text { Loans payable } & 24,800 \\\hline \text { Cash } & 12,000 \\\hline \text { Supplies expense } & 10,000 \\\hline \text { Service revenue } & 24,800 \\\hline \text { Petrol expense } & 7200 \\\hline \text { Salary payable } & 1200 \\\hline\end{array}$$
Calculate the profit.

• A) $2000
• B) $2900
• C) $30,300
• D) $33,200

Understand the basic concepts of Freudian psychoanalytic theory including the id, ego, and superego.

Identify and explain the psychosexual stages of development according to Freud.

Describe the mechanisms of defense as proposed by Freud and their functions.

Recognize Freud’s methods for exploring the unconscious, including dream analysis and free association.

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Definitions:

Continuously Compounded Interest

Interest calculated on the initial principal and also on the accumulated interest of previous periods of a deposit or loan.

Simple Interest

Interest earned only on the original principal amount invested.

Annually Compounded Interest

Interest on a loan or investment that is calculated once a year, adding the interest to the principal sum and basing future interest calculations on this new principal.

Amortized Daily Interest

Interest on a loan computed each day using the balance of the loan on that day, leading to a variable interest charge per billing period.