Mirotronic Co

question 41

Multiple Choice

Mirotronic Co. has a receivables turnover of 4 times. Sales are $20,000. What is the collection period? (Use 365 days in a year.)

• A) 91.25 days
• B) 90 days
• C) 1.37 days
• D) 21.92 days

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Definitions:

Observational Learning

A form of social learning where behaviors are learned by watching and imitating the actions of others.

Conditioned Taste-Aversion

Learning to avoid a food or drink because it has been associated with an illness or negative experience, even after only one exposure.

Stimulus Substitution

A theory in classical conditioning suggesting that the conditioned stimulus acts as a substitute for the unconditioned stimulus, eliciting the same response.

Classical Conditioning

An educational mechanism where the consistent pairing of two stimuli occurs; the response which initially is drawn by the second stimulus, in time, is drawn by the first stimulus alone.