A Firm Has Daily Credit Sales of $50,000, and Its

question 40

Multiple Choice

A firm has daily credit sales of $50,000, and its average collection period is 50 days. Its average debtors balance is:

• A) $1,000
• B) $1,000,000
• C) $50,000
• D) $2,500,000

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Definitions:

Repression

A defense mechanism where unwanted thoughts and desires are pushed into the unconscious mind.

Forgetting

The loss or failure to recall information that was once stored in the memory, due to various factors like time, interference, or failure in retrieval cues.

Motivation

The psychological processes that direct and maintain goal-directed behaviors.

Transference

In psychotherapy, the process by which emotions originally associated with one person, such as a parent, are unconsciously shifted to another, especially to the therapist.