Exhibit 10 -Refer to Exhibit 10

question 51

Multiple Choice

Exhibit 10.3
Use the Information Below for the Following Problem(S)
You are provided with the following information for a company.
$\begin{array}{c}\begin{array}{lll}\text{Net Annual Sales}\\\text{Average Receivables}\\ COGS\\\text{Average Inventory}\\\text{Average Trade Payables}\\\end{array}\begin{array}{lll}&&&\end{array}\begin{array}{lll}60000 \\1200 \\35000 \\3000 \\1500\\\end{array}\end{array}$
-Refer to Exhibit 10.3.Calculate the receivables turnover ratio.

• A) 50
• B) 25
• C) 55
• D) 36
• E) 27

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Definitions:

Innate

Inborn or natural traits, abilities, or qualities that are not acquired or learned.

Classical Conditioning

An educational method involving the frequent pairing of two cues; a response initially prompted by the second cue comes to be prompted by the first cue in isolation.

Ivan Pavlov

A Russian physiologist known for his work in classical conditioning, demonstrating how stimuli can trigger reflexive responses.

Classical Conditioning

A learning process that occurs when two stimuli are repeatedly paired together; a response that is initially elicited by the second stimulus is eventually elicited by the first stimulus alone.