Based on the Following Data for the Current Year, What

question 183

Multiple Choice

Based on the following data for the current year, what is the inventory turnover
$\begin{array}{lr}\text { Sales on account during year } & \$ 700,000 \\\text { Cost of goods sold during year } & 270,000 \\\text { Accounts receivable, beginning of year } & 45,000 \\\text { Accounts receivable, end of year } & 35,000 \\\text { Inventory, beginning of year } & 90,000 \\\text { Inventory, end of year } & 110,000\end{array}$

• A) 2.7
• B) 9.7
• C) 2.5
• D) 3.0

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Definitions:

Priming

The exposure to one stimulus influences a response to a subsequent stimulus, without conscious guidance or intention.

Episodic Memory

a type of long-term memory that involves the recollection of specific events, situations, and experiences.

Implicit Memory

A type of memory in which previous experiences aid in the performance of a task without conscious awareness of these previous experiences.

Declarative Memory

A type of long-term memory that involves the ability to recall factual information, such as names, dates, and concepts.