BC Training Reports Sales Revenue of $2,200,000 $\begin{array}{|l|c|l|}\hline \text { Inventory turnover ratio } & \frac{\text { COGS* }}{\$ 200,000} & =8.0 \text { times } \\\hline\end{array}$

question 86

Essay

BC Training reports sales revenue of $2,200,000.Average inventory during the year was $200,000.The inventory turnover ratio for the year is 8.0.What amount of gross profit would the company report in its income statement?
$\begin{array}{|l|c|l|}\hline \text { Inventory turnover ratio } & \frac{\text { COGS* }}{\$ 200,000} & =8.0 \text { times } \\\hline\end{array}$
*COGS = $200,000 x 8.0 = $1,600,000.

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Definitions:

Virtual Reality Exposure

A therapeutic technique using virtual reality technology to expose individuals to stimuli related to their fears or disorders.

Systematic Desensitization

A therapeutic technique aimed at reducing anxiety or fear by gradually exposing the person to the stimuli while teaching relaxation techniques.

Psychodynamic Therapy

A therapeutic approach emphasizing the psychological roots of emotional suffering, focusing on the role of unconscious processes and childhood experiences.

Operant Conditioning

A learning scheme in which the adjustment in behavior potency is achieved by incentive provision or penalty imposition.