The Days' Sales in Inventory Is Calculated by Dividing Ending

question 256

True/False

The days' sales in inventory is calculated by dividing ending inventory by cost of goods sold and multiplying the result by 365.

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Definitions:

ESIGN

The Electronic Signatures in Global and National Commerce Act, which facilitates the use of electronic records and signatures in interstate and foreign commerce.

E-commerce

The buying and selling of goods or services using the internet, and the transfer of money and data to execute these transactions.

UETA

The Uniform Electronic Transactions Act that legalizes the use of digital signatures and records in electronic commerce.

Technical Terms

Specialized language used within a particular field or profession to communicate with precision.