Table 3.1 Information (2019 Values)

question 201

Multiple Choice

Table 3.1 Information (2019 values)
1.Sales totaled $110,000
2.The gross profit margin was 25 percent.
3.Inventory turnover was 3.0.
4.There are 360 days in the year.
5.The average collection period was 65 days.
6.The current ratio was 2.40.
7.The total asset turnover was 1.13.
8.The debt ratio was 53.8 percent.
-Notes payable for CEE in 2019 was ________.(See Table 3.1)

• A)$113,466
• B)$52,372
• C)$41,372
• D)$10,609

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Definitions:

Observational Learning

The process of learning behaviors by watching and imitating others, a concept central to social learning theory.

Classical Conditioning

A method of learning that happens by linking an environmental stimulus with a naturally occurring stimulus.

Cognitive Processes

The mental actions or processes involved in acquiring knowledge and understanding through thought, experience, and the senses.

Discrimination

The unjust or prejudicial treatment of different categories of people, especially on the grounds of race, age, or sex, often examined within social psychology and sociology.