The Financial Statements of Gervais Manufacturing Company Report Net Sales

question 83

Multiple Choice

The financial statements of Gervais Manufacturing Company report net sales of $500,000 and accounts receivable of $80,000 and $40,000 at the beginning and end of the year, respectively. What is the average collection period for accounts receivable in days?

• A) 29.2 days
• B) 36.5 days
• C) 43.8 days
• D) 57.9 days

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Definitions:

Fixed Interval

A reinforcement schedule that rewards a response only after a specified time has elapsed, leading to a pattern of response following the reinforcement.

Variable Ratio

In operant conditioning, a reinforcement schedule that rewards a response after an unpredictable number of responses, making it very effective for maintaining strong and steady response rates.

Negative Punishment

A behavioral psychology term where the removal of a desirable stimulus occurs after a behavior, leading to a decrease in that behavior.

Aggressive Behavior

Refers to actions or attitudes that can lead to hostility or attacks on others, often stemming from anger or frustration.