Paul's Manufacturing Has Sales of $810,000

question 341

Multiple Choice

Paul's Manufacturing has sales of $810,000. The cost of goods sold is equal to 80% of sales. The firm has an average inventory of $11,500. How many days on average does it take the firm to sell its
Inventory?

• A) 3.24 days
• B) 5.18 days
• C) 6.48 days
• D) 56.35 days
• E) 70.43 days

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Definitions:

Cultural Capital

The non-financial social assets that promote social mobility beyond economic means, such as education, intellect, style of speech, and dress.

Acquire

Acquiring involves obtaining or coming into possession of something, often through purchase, discovery, or transfer.

Self-Fulfilling Prophecies

are predictions or expectations that, merely by being made, influence behaviors to ensure they come true.

Expectations

Beliefs or forecasts about future events or behaviors, often based on past experiences or societal norms.