<span>Ratio Schedule of Reinforcement
A set NUMBER OF RESPONSES is required for reinforcement. If the ratio is 3 responses, reinforce the 3rd response. Ratio=Response</span>
Answer:
$2,585
Explanation:
The Steps to answer this question requires adjustment to the unadjusted Trial Balance based on the figures given in the adjustments.
The Net Income for the period ended December 31, is calculated as follows
Particulars Amount
Fees Earned (Revenue 7,410+1,035) $8445
Subtract the following Expenses
Depreciation (for the period and not accumulated) 350
Rent Expenses 1,460
Salaries Expense 2,460
Utiities Expense 505
Insurance Expense 810
Supplies Expense 275
Total Expenses ($5,860)
Net Income $2,585
Note: The remaining figures in the questions were not used because they relate to the Balance Sheet and not the income statement.
Good luck.
Answer:
B. Market Development
Explanation:
Market development is a growth strategy that <em><u>identifies and develops new market segments for a product</u></em>.
In this question, yes the cereal is mostly consumed at breakfast, but the Kellogg's Oat Bran is developing the market by portraying the Oat Bran as a snack rather the breakfast.
Targeting and developing the new customers to be the consumer of the product is at the heart of the strategy.
In a way, it's about literally developing the market for your product is not currently your consumer yet.
Revenue = $752,800
Cost of goods sold = $301,800
To solve for the gross profit:
Gross profit = revenue - cost of goods sold
Gross profit = $752,800 - $301,800
Gross profit = $451,000
The gross profit shows the profits a company has after taking their costs to make the product and subtract them from the sales they had.
