The Following Information Pertains to Unique Company What Is the Accounts Receivable Turnover for This Company?
A)

question 13

Multiple Choice

The following information pertains to Unique Company. Assume that all balance sheet amounts represent both average and ending balance figures. Assume that all sales were on credit. $\begin{array}{lr}\text { Assets }\\\text { Cash and short-term investments } & \$ 40,000 \\\text { Accounts receivable (net) } & 30,000 \\\text { Inventory } & 20,000 \\\text { Property, plant and equipment } & 210,000 \\\text { Total Assets } & \$ 300,000\\\\\text { Liabilities and Stockholders' Equity }\\\text { Current liabilities } & \$ 60,000 \\\text { Long-term liabilities } & 90,000 \\\text { Stockholders' equity-Common } & 150,000 \\\text { Total Liabilities and Stockholders' Equity } & \$ 300,000\end{array}$ $\begin{array}{lr}\text { Income Statement }\\\text { Sales revenue } & \$ 90,000 \\\text { Cost of goods sold } & 45,000 \\\text { Gross margin } & 45,000 \\\text { Operating expenses } & 20,000 \\\text { Net income } & \$ 25,000 \\\\\text { Number of shares of common stock } & 6,000 \\\text { Market price of common stock } & \$ 20 \\\text { Dividends per share on common stock } & 0.90 \\\text { Cash provided by operations } & \$ 30,000\end{array}$ What is the accounts receivable turnover for this company?

• A) 1.5 times
• B) 2 times
• C) 3.0 times
• D) 6 times

Describe the concept of libido and its importance in psychodynamic theory.

Recognize how Freud's psychodynamic theory explains human behavior and personality development.

Explain the stages of psychosexual development according to Freud.

Differentiate among various psychodynamic, cognitive-behavioral, and other psychological models and their therapeutic approaches.

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Definitions:

Demand Curve

A graph showing the relationship between the price of a good and the quantity demanded.

Perfect Competitor

A market structure characterized by an infinite number of small firms, identical products, and free entry and exit, ensuring no single firm can influence market prices.

Industry-Wide Supply and Demand

The total quantity of goods and services that are available for purchase across an entire industry, alongside the total quantity that consumers are willing and able to buy within that industry.

Short-Run

A period in economics where at least one factor of production is fixed, and firms can't alter all inputs.