A Company Has an Average Inventory on Hand of $80,000

question 28

Multiple Choice

A company has an average inventory on hand of $80,000 and the average days to sell inventory is 73 days.What is the cost of goods sold?

• A)$400,000.
• B)$5,840,000.
• C)$800,000.
• D)$2,920,000.

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Definitions:

Repression

A defense mechanism in psychoanalytic theory in which unpleasant thoughts, memories, or feelings are pushed out of the conscious mind.

Repression

A defense mechanism in which unpleasant thoughts, feelings, or desires are excluded from conscious awareness.

Proactive Interference

The phenomenon where older memories hinder the recall of newly acquired information.

Automatic Processing

The unconscious encoding of incidental information and well-learned tasks, requiring little to no cognitive effort.