Use the Table for the Question(s)below

question 88

Multiple Choice

Use the table for the question(s) below.
Luther Enterprises Ltd had sales of $850 million and a cost of goods sold of $500 million in 2016.
A simplified balance sheet for the firm appears below:
-Luther's 'cash conversion cycle' is closest to:

• A)71 days.
• B)64 days.
• C)66 days.
• D)129 days.

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Definitions:

Neutral Stimulus

A stimulus that initially produces no specific response other than focusing attention; in conditioning, it becomes associated with an unconditioned stimulus.

Unconditioned Stimulus

In classical conditioning, a stimulus that naturally and automatically triggers a response without prior conditioning.

Internal Attributions

The tendency to explain one's own behavior and the behavior of others based on internal, character-based factors.

Self-Serving Bias

A cognitive bias where individuals attribute their successes to internal factors and their failures to external factors.