Suppose That Mack Industries Has Annual Sales of $10 Million

question 93

Multiple Choice

Suppose that Mack Industries has annual sales of $10 million, cost of goods sold of $6.5 million, average inventories of $1 million, and average accounts receivable of $600,000. Assuming that all of Mack's sales are on credit, what will be the firm's operating cycle?

• A) 34.25
• B) 21.9
• C) 56.15
• D) 78.05

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Definitions:

Cognitive Restructuring

A therapeutic process aimed at challenging and changing unhelpful beliefs and attitudes.

Counselor Empathy

Empathy exhibited by a counselor involves understanding, being aware of, and sharing the feelings of their client, as a fundamental part of the therapeutic relationship.

Psychoeducation

An educational approach to therapy that involves teaching individuals about their psychological conditions, coping strategies, and the nature of their symptoms.

Parenting Skills Training

A program or intervention designed to equip parents with effective strategies and techniques for raising children and managing child behavior.