Days' Sales in Inventory Is Calculated By

question 90

Multiple Choice

Days' sales in inventory is calculated by:

• A)Dividing cost of goods sold by ending inventory times 365.
• B)Dividing cost of goods sold by average merchandise inventory.
• C)Dividing average merchandise inventory by cost of goods sold.
• D)Dividing ending inventory by cost of goods sold times 365.
• E)Dividing ending inventory by cost of goods sold.

Understand the implications of fixed and variable costs on pricing and production decisions.

Apply costing methods to compute the inventory valuation.

Analyze the effect of costing methods on financial reporting and managerial decision-making.

Understand cost calculations under absorption costing.

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A leadership style characterized by an individual's ability to inspire and motivate others based on their personal charm and persuasion.

Referent Power

A form of influence based on personal traits and relationships rather than formal authority, where followers identify with, like, or respect the leader.

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A clear and aspirational view of the future state that an organization or individual aims to achieve.

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A style of leadership where a leader works with teams to identify needed change, creating a vision to guide the change through inspiration, and executing the change in tandem with committed members of a group.