Waters Department Store Had Net Credit Sales of $16,000,000 and Cost

question 58

Multiple Choice

Waters Department Store had net credit sales of $16,000,000 and cost of goods sold of $12,000,000 for the year. The average inventory for the year amounted to $2,000,000. The average number of days in inventory during the year was

• A) 91 days.
• B) 61 days.
• C) 46 days.
• D) 26 days.

Recognize the principles of behavior therapy and its assumption that psychological disorders are learned behaviors.

Understand Ellis's ABCD model of emotional disturbance and its role in rational-emotive therapy.

Identify the goals and techniques of aversion therapy and exposure therapy.

Recognize the contributions of Aaron Beck to cognitive therapy for depression and understand its effectiveness.

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Definitions:

Producer Surplus

The difference between the amount producers are willing to accept for a good or service versus what they actually receive, reflecting their net gain.

Tax

A mandatory charge or alternative form of financial levy extracted from a taxpayer by governmental authorities for the aim of supporting governmental spending and numerous public financial commitments.

Diversity

entails the inclusion and representation of different types of people and viewpoints in a group, organization, or society, valuing differences in race, gender, age, cultural background, etc.

Value-based Management

Management that actively develops, communicates, and enacts shared values.