Parlato Corp

question 190

Multiple Choice

Parlato Corp. has an inventory turnover rate of 8 times. If its cost of goods sold is $150,000, then the company

• A)will report sales of $1,200,000.
• B)will report gross margin of $1,200,000.
• C)will have average inventory of $18,750.
• D)sells its inventory 1,200 times per year.

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Definitions:

Aaron Beck

A psychiatrist known for pioneering cognitive therapy, which has been widely used in treating depression and other mental health disorders.

Albert Ellis

An American psychologist who developed Rational Emotive Behavior Therapy (REBT), focusing on helping patients change irrational beliefs.

Neurological Cause

An underlying reason for a condition or behavior that relates to the structure or function of the nervous system.

Unconditional Positive Regard

A term from humanistic psychology that indicates accepting and respecting others as they are without judgment or evaluation.