Assuming a 365-Day Year,Gore Industries Calculated an Average of 53

question 104

Multiple Choice

Assuming a 365-day year,Gore Industries calculated an average of 53 days to collect its accounts receivable in 2018.During 2018,Gore's accounts receivable turnover rate:

• A)Was approximately 6.89.
• B)Was equal to 53 times its average accounts receivable.
• C)Was approximately 0.15.
• D)Can't be determined from this information alone.

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Definitions:

Three-Component Model

A framework in psychology that describes an attitude as having cognitive, affective, and behavioral components.

Attitude

A mental inclination shown by assessing a specific entity with a certain level of preference or aversion.

Information Integration Theory

A psychological theory explaining how individuals combine information from different sources to form a judgment or attitude.

Cognitive Algebra

A theoretical concept indicating how people integrate information to make judgments and decisions, often using metaphorical mathematical operations such as addition and subtraction.