A Company Has $72,500 in Inventory at the Beginning of the Accounting

question 40

Multiple Choice

A company has $72,500 in inventory at the beginning of the accounting period and $65,500 at the end of the accounting period.Sales revenue is $986,400,cost of goods sold is $572,700,and net income is $124,200 for the accounting period.On average,this company has inventory on hand for approximately:

• A)203 days.
• B)44 days.
• C)61 days.
• D)26 days.

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Definitions:

Economic Prosperity

The state of flourishing, thriving, good fortune, and/or successful social status in terms of wealth, health, and happiness.

Incentives

Forms of motivation that aim to encourage people to perform actions or undertake activities by providing rewards or benefits.

Costs And Benefits

The analysis of a decision by comparing the expenses and disadvantages against the gains and advantages.

Gas Prices

The cost per unit volume of gasoline, a significant indicator of both energy market conditions and economic factors affecting transportation costs.