Bercraft Industries Has an Average Accounts Payable Balance of $280,000

question 47

Multiple Choice

Bercraft Industries has an average accounts payable balance of $280,000. Its average annual cost of goods sold is $4,780,000. It receives terms of 1/20 net 40 from its suppliers. Is Bercraft managing its accounts payables well?

• A) Yes, since it, on average, chooses not to take the discount, but pays when payment is due.
• B) Yes, since it, on average, takes the discount, and pays at the end of the discount period.
• C) Yes, since it, on average, stretches payment beyond the due payment date.
• D) No, since it, on average, does not take advantage of the discount period and pays well before payment is due.

Explain the process and effects of socialization on individuals.

Distinguish between habituation, generalization, extinction, and other conditioning responses.

Understand the theory of reciprocal determinism and its implications on personality development.

Appreciate the influence of social learning in behavior and personality development.

---

Definitions:

Background Checks

The process of verifying the personal, financial, and criminal history of an individual, commonly undertaken by employers.

Time Clocks

Devices used to track the hours worked by employees, often by punching a card or logging in digitally.

Incentivize Employees

Offering rewards or benefits to motivate workers and enhance their performance.

Performance Metrics

Quantitative and qualitative measurements used to assess and monitor the efficiency, performance, and success of an organization or individual.