Based on the Following Information, What Is (1) Inventory Turnover;

question 193

Multiple Choice

Based on the following information, what is (1) inventory turnover; (2) average daily cost of goods sold using a 365 day year; and (3) number of days' sales in inventory.
Cost of goods sold $195,640
Inventory:
Beginning of year 20,500
End of year 18,628

• A) (1) 9.9 times
• (2) $543.44
• (3) 36.3 days
• B) (1) 10.5 times
• (2) $536
• (3) 34.8 day
• C) (1) 9.5 times
• (2) $543.44
• (3) 37.7 days
• D) (1) 10 times
• (2) $536
• (3) 36.5 days

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Definitions:

Extinction

In behavioral psychology, the diminishing of a conditioned response when the reinforcement or association is removed.

Conditioned Stimulus

A previously neutral stimulus that, after becoming associated with the unconditioned stimulus, eventually comes to trigger a conditioned response.

Fear Conditioning

A behavioral paradigm in which organisms learn to predict aversive events, linking a neutral stimulus with a fear-inducing situation.

Aversive CS

A conditioned stimulus that predicts an unpleasant outcome, leading to aversive learning.