The Formula for the Average Inventory Turnover Period in Days

question 49

Multiple Choice

The formula for the average inventory turnover period in days is:

• A) Cost of sales/Average inventory.
• B) Average inventory held/Sales.
• C) (Average inventory held/Cost of sales) × 365 .
• D) none of the above.

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Definitions:

Electoral System

A set of rules that determine how votes are cast, counted, and translated into seats in a legislature or for another form of representative government.

List System

A method used in proportional representation electoral systems where parties present lists of candidates and the number of seats won by each party is proportional to the number of votes received.

Political Parties

Are organizations that compete for control of government. In the process, they give voice to policy alternatives and rally adult citizens to vote.

Pluralist

Pluralism is a concept that suggests a diverse, multicultural society where multiple groups maintain their distinctive cultural identities while coexisting with one another, often in a democratic framework.