Alpha Company Had $45,000 in Beginning Inventory and $80,000 in Ending

question 74

Multiple Choice

Alpha Company had $45,000 in beginning inventory and $80,000 in ending inventory. Cost of goods sold for the period was $25,000. The inventory turnover is:

• A)0.56.
• B)0.3125.
• C)0.4.
• D)4.0.

---

Definitions:

Poll Taxes

A tax levied on an individual as a prerequisite for the right to vote, historically used to prevent African American voters from exercising their voting rights.

Social Institutions

Established systems of social order that structure society, such as family, education, religion, and the economy.

Secular Institutions

Organizations or establishments that operate independently of religious influences or doctrines.

Macro Level

A term used in sociology to describe the analysis of large-scale social processes, institutions, and structures.