The Following Information Was Available for Hoover Company at December

question 101

Multiple Choice

The following information was available for Hoover Company at December 31, 2014: beginning inventory $110,000; ending inventory $70,000; cost of goods sold $880,000; and sales $1,200,000. Hoover's days in inventory in 2014 was

• A) 27.4 days.
• B) 37.2 days.
• C) 29.0 days.
• D) 45.6 days.

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Definitions:

Interpersonal Skills

Abilities that facilitate effective communication and interaction with others.

Compromising Style

An approach to conflict resolution where parties involved find a mutually acceptable solution that partially satisfies everyone.

Conflicting Goals

Describes a situation in which two or more parties have objectives that are at odds with each other, potentially leading to disagreements or conflict.

Accommodating Style

A conflict resolution approach where one party shows a willingness to meet the needs of the other party, sometimes at their own expense.