The Collection Period of Armie's for 2007 Was 30 Days;

question 101

Multiple Choice

The collection period of Armie's for 2007 was 30 days; total credit sales were $7,300,000; and average receivables were $600,000. If sales increase to $8,030,000, and the average receivables stays the same, what happens?

• A)Average receivables are now $660,000.
• B)Collection period is now 27 days.
• C)One day's sales = $20,000.
• D)Collection period is now 32 days.

Recognize consistent patterns in behavior and mental processes as key assumptions in psychology.

Identify the focus of developmental psychology.

Describe the main areas of interest for cognitive psychologists.

Explain the study of human personality by personality psychologists.

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Definitions:

Heroin

An illegal, highly addictive opioid drug derived from morphine, known for its euphoric effects but also associated with serious health risks.

Opiate Drugs

Narcotic drugs derived from opium or opium-like compounds, used medically to relieve pain but can lead to addiction.

Tolerance

The process of becoming less responsive to a specific amount of a substance or stimulus after repeated exposure.

Dependence

A condition characterized by a physical or psychological need for a substance or behavior, often leading to compulsive use.