If Creditors at the Start of the Period Are $26

question 45

Multiple Choice

If creditors at the start of the period are $26 000 and at the end of the period are $28 000 and credit purchases are $170 000 for the period,credit turnover in days is:

• A)56 days
• B)60 days
• C)58 days
• D)6 days

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Definitions:

Pessimistic Attitude

A mindset characterized by the expectation that negative outcomes will generally prevail over positive ones.

Self-serving Bias

The common habit of a person crediting themselves for positive outcomes or successes but attributing failures to external factors.

Reciprocal Determinism

A concept in social cognitive theory that suggests an individual's behavior is both influenced by and influences their personal factors and the environment.

Poor Officiating

Refers to substandard or inadequate performance by referees or officials in enforcing rules during a sport or game.