A company reports the following:
Determine the (a) accounts receivable turnover, and (b) number of days' sales in receivables. Round your answer to one decimal place.
Definitions:
Drive-Reduction Theory
A psychological theory that posits motivation is based on the goal of eliminating uncomfortable internal states caused by unmet needs.
Homeostasis
The inclination of a biological system to preserve equilibrium by adapting to conditions ideal for survival.
Drive
An innate, biologically determined urge to attain a goal or satisfy a need.
Incentive
A thing that motivates or encourages someone to do something; a reward or reason for performing an action.
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