If the Average Aggregate Inventory Value Is $1,200,000 and the Cost

question 47

Multiple Choice

If the average aggregate inventory value is $1,200,000 and the cost of goods sold is $600,000, which of the following is weeks of supply?

• A) 1,040
• B) 606
• C) 104
• D) 60.6
• E) 2.0

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Definitions:

Clayton Act

A U.S. antitrust law enacted to prohibit certain actions that could lead to anticompetitive practices, thereby enhancing economic fairness and competition.

Sherman Act

A foundational antitrust law in the United States that outlaws monopolistic business practices and promotes competition.

Commodities

Goods or services that are traded, often in bulk, on a financial market.

Specific Intent

A legal term indicating that an individual acted with a particular purpose or desire to achieve a specific result, often crucial in determining criminal liability for certain offenses.