The Following Information Was Available for the Year Ended December

question 34

Multiple Choice

The following information was available for the year ended December 31, 2019: $\begin{array}{lr}\text { Net sales } & \$ 300,000 \\\text { Cost of goods sold } & 210,000 \\\text { Average accounts receivable for the year } & 15,000 \\ \text { Accounts receivable at year-end } & 18,000 \\\text { Average inventory for the year } & 60,000 \\\text { Inventory at year-end } & 70,000\end{array}$ The number of days' sales in inventory for 2019, using year-end inventories were:

• A)73.0 days
• B)85.2 days
• C)104.3 days
• D)121.7 days

Understand different levels of market pay policies.

Distinguish between job evaluation and job analysis.

Identify factors that contribute to the perception of pay inequity among employees.

Know the simplest job evaluation method.

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Definitions:

Results

The outcomes or consequences of an action or process.

Bundling

Bundling is a strategy where multiple items or issues are combined into one package, often used in negotiations or sales to create more value.

Transparent

Characterized by openness, communication, and accountability, allowing actions and decisions to be visible and understandable to others.

Creative

Involving the use of imagination or original ideas to create something.