Use the Following Information and the Percent-Of-Sales Method to Answer

question 8

Multiple Choice

Use the following information and the percent-of-sales method to answer the following question(s) .
Below is the 2014 year-end balance sheet for Banner,Inc.Sales for 2014 were $1,600,000 and are expected to be $2,000,000 during 2015.In addition,we know that Banner plans to pay $90,000 in 2015 dividends and expects projected net income of 4% of sales.(For consistency with the Answer selections provided,round your forecast percentages to two decimals. )
Banner,Inc.Balance Sheet
December 31,2014
Assets
Current assets $890,000
Net fixed assets 1,000,000
Total $1,890,000
Liabilities and Owners' Equity
Accounts payable $160,000
Accrued expenses 100,000
Notes payable 700,000
Long-term debt 300,000
Total liabilities 1,260,000
Common stock (plus paid-in capital) 360,000
Retained earnings 270,000
Common equity 630,000
Total 1,890,000
-Banner's projected accrued expenses for 2015 are

• A)$120,000.
• B)$160,000.
• C)$100,000.
• D)$200,000.

Understand the concept and application of discriminative stimuli in learning.

Explain the principles and apparatus used in operant conditioning.

Describe the process of shaping and its significance in learning.

Identify and differentiate between types of reinforcers.

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Definitions:

Transportation Problem

An optimization and logistics issue focusing on finding the most efficient means of transporting goods from several suppliers to several consumers to minimize cost.

Minimum Cost

The least possible expense that can be incurred in the acquisition of a good, service, or the execution of a project or process.

Supply

The total amount of a product or service that is available for purchase at any given time.

Demand

The consumer's desire and willingness to pay for a product or service, influencing its market price and quantity.