The Financial Statements of the Phelps Manufacturing Company Reports Net

question 136

Multiple Choice

The financial statements of the Phelps Manufacturing Company reports net sales of $500,000 and accounts receivable of $80,000 and $40,000 at the beginning of the year and end of year, respectively. What is the accounts receivable turnover for Phelps?

• A) 8.3 times
• B) 12.5 times
• C) 6.3 times
• D) 4.2 times

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Definitions:

Behaviorists

Psychologists who focus on observable behavior and the ways in which learning influences behavior, often through the principles of conditioning.

Unconscious Thoughts

Mental processes that occur without an individual's awareness, influencing behaviors and perceptions.

Environment Molds

Influences from an individual's surroundings that shape their behaviors, attitudes, and development.

Methodological Behaviorist

A type of behaviorism that focuses on observable behaviors and the relationships between stimuli and responses, excluding mental states.