For 2022, Superplus Inc

question 32

Multiple Choice

For 2022, Superplus Inc.reported $48,000 beginning inventory and $52,000 ending inventory.Sales were $320,000 and gross profit was $110,000 for the same period.Based on these figures, days in inventory for 2022 was

• A)59 days.
• B)87 days.
• C)57 days.
• D)83 days.

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Definitions:

Industrial Productivity

A measure of the efficiency of production in the industrial sector of the economy, often influenced by advancements in technology and processes.

White-Collar Workers

Employees who perform professional, managerial, or administrative work, often in office settings, as opposed to manual labor.

Treaty of Detroit

This historically refers to any of several agreements made in the 18th and early 19th centuries, often involving land transactions or peace treaties between Native American tribes and colonial or federal governments around the Detroit area.

United Auto Workers

A labor union in the United States and Canada representing workers in the automotive industry, advocating for workers' rights and benefits.