Waters Department Store Had Net Credit Sales of €16,000,000 and Cost

question 39

Multiple Choice

Waters Department Store had net credit sales of €16,000,000 and cost of goods sold of €10,000,000 for the year. The average inventory for the year amounted to €2,000,000. Inventory turnover for the year is

• A) 8 times.
• B) 10 times.
• C) 5 times.
• D) 4 times.

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Definitions:

Defense Mechanisms

Psychological strategies used by individuals to cope with reality and maintain self-image by unconsciously denying or distorting reality.

Boundary Roles

Positions in which organizational members are required to interact with members of other organizations or with the public.

Role Overload

A situation in which the demands and expectations placed on an individual or role exceed the capacity to perform, leading to stress or job dissatisfaction.

Everyday Language

The common vernacular or speech pattern used by the general populace for daily communication.