Jared Analyzed the Income Statement for His Independent Label and Found

question 36

Multiple Choice

Jared analyzed the income statement for his independent label and found that for every dollar of sales, 30 cents was spent on cost of goods sold. The gross profit per dollar was 70 cents. If 20 cents was spent on operating costs and 10 cents on taxes, what is the net profit per dollar?

• A) 40 cents
• B) 60 cents
• C) 30 cents
• D) 70 cents
• E) 50 cents

---

Definitions:

Imprinting

A rapid learning process occurring early in the life of a social animal, where it forms attachments and recognizes other individuals, objects, or concepts.

Cognitive Development

The process by which an individual learns to reason, solve problems, and think abstractly, as influenced by stages of mental and physical growth.

Cognitive Development

The process by which individuals learn to reason, problem solve, and develop abstract thought.

Critical Periods

Specific times in an organism's development during which the presence or absence of certain experiences has a long-lasting impact on the individual.