The Average Inventory at Retail for Modern Age Furniture Was

question 2

Multiple Choice

The average inventory at retail for Modern Age Furniture was $1,389,008. The turnover rate at retail was 2.6, based on net sales of $3,611,420. The published inventory turnover at retail is 5.3. Since the actual turnover rate is less than the published rate, calculate the target average inventory at retail. (Round your answer to the nearest dollar)

• A) $1,570,200
• B) $207,400
• C) $888,800
• D) $681,400

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Definitions:

Attention-Deficit/Hyperactivity Disorder

A neurodevelopmental disorder characterized by problems with attention, excessive activity, or difficulty controlling behavior which is not appropriate for a person's age.

Psychological Disorders

Patterns of behavioral, cognitive, emotional, or physical symptoms shown by an individual, significantly affecting multiple areas of life and often considered deviant or distressing within their cultural context.

Impulsive

Impulsive describes a tendency to act quickly on desires and feelings without considering the consequences.

Panic Disorder

A psychiatric disorder characterized by unexpected and repeated episodes of intense fear accompanied by physical symptoms that may include chest pain, heart palpitations, shortness of breath, dizziness, or abdominal distress.