The Flower Shoppe Has Accounts Receivable of $3,506,inventory of $4,407,sales

question 84

Multiple Choice

The Flower Shoppe has accounts receivable of $3,506,inventory of $4,407,sales of $218,640,and cost of goods sold of $169,290.How many days does it take the firm to sell its inventory and collect the payment on the sale assuming that all sales are on credit?

• A)14.67 days
• B)15.35 days
• C)16.23 days
• D)17.18 days
• E)17.47 days

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Definitions:

Total "Cube"

A term used to refer to the total cubic volume of storage space or cargo, often in logistics and warehousing.

Office Layout

The grouping of workers, their equipment, and spaces/offices to provide for comfort, safety, and movement of information.

High-Impulse Items

Products that are often bought spontaneously by customers, driven by impulse rather than planned decision-making.

Space Allocation

The process of assigning and managing physical space within an organization for various functions and activities.