PB&J Company Has Sales of $900,000 and Cost of Goods

question 47

Multiple Choice

PB&J Company has sales of $900,000 and cost of goods sold of $450,000. The firm had a beginning inventory of $70,000 and an ending inventory of $65,000. What is the length of the days' sales in inventory?

• A) 56.78 days
• B) 54.75 days
• C) 52.72 days
• D) 26.36 days

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Definitions:

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The political policy of promoting the interests of native inhabitants against those of immigrants, often associated with anti-immigrant sentiments and actions.

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A temporary governmental authority established to manage state affairs until a permanent structure is instituted, often after a coup or during transitions.

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A significant 1896 decision by the U.S. Supreme Court that confirmed racial segregation was constitutional if facilities for each race were "separate but equal."