If a Firm Has Net Sales of $400,000, Annual Cost

question 7

Multiple Choice

If a firm has net sales of $400,000, annual cost of goods sold of $315,000, an inventory turnover of 4.5 times a year, and an accounts receivable turnover of five times a year, the combined investment in inventories and accounts receivable would be:

• A) $64,500
• B) $92,000
• C) $122,500
• D) $150,000

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Definitions:

Self-defeating Thinking

A pattern of negative thought that undermines one's confidence and ability, often leading to decreased motivation and success.

Maladaptive Actions

Behaviors that are counterproductive or interfere with one's ability to meet the demands or goals of a particular situation.

Operant Conditioning

A learning method that occurs through rewards and punishments for behavior, aimed at influencing voluntary actions.

Socially Withdrawn

A tendency to pull away from social interactions or situations, often due to discomfort, shyness, or personal preference.