Based on the Following Data for the Current Year, What

question 118

Multiple Choice

Based on the following data for the current year, what is the number of days' sales in inventory? $$\begin{array} { l r } \text { Sales on account during year } & \$ 1,204,500 \\\text { Cost of goods sold during year } & 657,000 \\\text { Accounts receivable, beginning of year } & 75,000 \\\text { Accounts receivable, end of year } & 85,000 \\\text { Inventory, beginning of year } & 85,600 \\\text { Inventory, end of year } & 98,600\end{array}$$

• A) 51.2
• B) 44.4
• C) 6.5
• D) 7.5

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Definitions:

Best Predictor

The variable or factor most strongly associated with or capable of predicting the outcome of interest.

Calorie Content

The amount of energy in food or drink, measured in calories, that can be metabolized by the body.

Linear Effects

In modeling, the proportional change in an outcome resulting from a one-unit change in independent variables assuming all other variables are held constant.

Broad Scope

A wide range or extensive area of activity, consideration, or examination.