Calculate Average Inventory If Sales Is $400,000 and the Inventory

question 125

Multiple Choice

Calculate average inventory if sales is $400,000 and the inventory turnover is 1.6.

• A) $280,000
• B) $250,000
• C) $150,000
• D) $180,000
• E) $140,000

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Definitions:

Underestimate

To assess something as less important, smaller, or less likely than it actually is.

Scientific-Management

A management theory that analyzes and synthesizes workflows to improve economic efficiency and labor productivity.

Repetitive

Characterized by the act of doing or saying something over and over again, often leading to a pattern or routine.

Pay Scale

A structured range of wages set by an employer, indicating different levels of payment for different positions or levels of experience.