Painting, Inc

question 22

Multiple Choice

Painting, Inc. has sales of $400,000 and cost of goods sold of $275,000. The firm had a beginning inventory of $42,000 and an ending inventory of $38,000. What is the length of the days' sales in inventory?

• A) 53.09 days
• B) 36.50 days
• C) 38.33 days
• D) 50.44 days

Recognize the tools and analyses used in product development strategy and decision-making.

Comprehend the importance of product design in a firm's operational strategy and competitiveness.

Grasp the concept and stages of the product life cycle and strategies applicable at each stage.

Understand concurrent engineering and its impact on product development.

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Definitions:

Modern Business

Contemporary commercial activities or enterprises that emphasize innovation, technology, and global outreach in operations and strategies.

Freedom Of Contract

The parties to a contract are generally not restricted as to the terms of their contractual agreements.

Contract Law

A legal framework governing the binding agreements between parties, setting the rules for formation, execution, and enforcement of contracts.

Full Satisfaction

The complete fulfillment or settlement of a debt, obligation, or claim.