The Flower Company Had Net Sales of $830,000 for the Year

question 33

Essay

The Flower Company had net sales of $830,000 for the year. Its receivables at the beginning of the year were $47,000 and at the end of the year they had increased to $52,000. The Flower Company has credit terms of net 10 days. Compute the days' sales in average receivables and evaluate the ratio as strong or weak. Round all calculations to the nearest dollar or whole day.

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Definitions:

Cognitive Therapy

A form of psychotherapy that aims to change negative patterns of thinking or behavior that contribute to an individual's psychological distress.

Token Economy

A behavioral modification system based on the systematic reinforcement of target behavior through the distribution and exchange of tokens.

Counterconditioning

A behavior therapy technique where a maladaptive response to a stimulus is replaced with a more desirable one.

Aversive Conditioning

A type of conditioning that uses negative stimuli to invoke a change in behavior, creating an association between the behavior and undesirable outcomes.