Perfect Purchase Electronics Selected Income Statement Items, 2009

question 4

Multiple Choice

Perfect Purchase Electronics Selected Income Statement Items, 2009
Cash Sales $1,500,000
Credit Sales $7,500,000
Total Sales $9,000,000
COGS $6,000,000
Perfect Purchase Electronics
Selected Balance Sheet Accounts
12/31/2009 12/31/2008 Change
Accounts Receivable $270,000 $240,000 $30,000
Inventory $125,000 $100,000 $25,000
Accounts Payable $110,000 $90,000 $20,000
Using the information provided, what is the accounts receivable turnover for the firm?

• A) 23.53 times
• B) 29.41 times
• C) 53.33 times
• D) 60.00 times

Distinguish the functions and responsibilities of the cerebral cortex.

Comprehend the purpose and structure of theories in psychology.

Insight into the role of genetics in behavior and psychopathology.

Understanding the different outcomes of positive and negative reinforcements on behavior.

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Definitions:

Saudi Arabia

A country in the Middle East, known for its vast oil reserves, which plays a significant role in global energy markets and politics.

Formal Channels

Official pathways of communication within an organization that are recognized and sanctioned by it.

Authoritative

Being final or conclusive; a position of power where the holder is able to enforce rules or directives.

Policies

Formal guidelines or rules that govern actions and decision-making within an organization.