Burnside's Has Accounts Receivable of $42,600,inventory of $97,200,sales of $614,200,and

question 39

Multiple Choice

Burnside's has accounts receivable of $42,600,inventory of $97,200,sales of $614,200,and cost of goods sold of $298,400.How long does it take the firm to sell its inventory and collect payment on the sale?

• A)107.14 days
• B)136.06 days
• C)127.78 days
• D)144.21 days
• E)115.52 days

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Definitions:

Reinforcement

In behavioral psychology, a consequence that strengthens an organism's future behavior whenever that behavior is preceded by a specific antecedent stimulus.

Punishment

A process that decreases the likelihood of a behavior being repeated by applying an adverse stimulus or removing a rewarding stimulus following the behavior.

Responsible Behavior

Actions that are accountable and ethical, demonstrating a readiness to answer or be responsible for one's conduct.

Radical Behaviorist

A school of thought within psychology that emphasizes the study of observable behavior, the environment's role in shaping behavior, and dismissing the use of internal states as explanations for behavior.