A Company Has an Average Inventory on Hand of $40,000,000

question 115

Multiple Choice

A company has an average inventory on hand of $40,000,000 and the days in inventory is 73 days.What is the cost of goods sold?

• A)¥200,000,000
• B)¥2,920,000,000
• C)¥400,000,000
• D)¥1,460,000,000

Understand the purpose and scope of the Uniform Anatomical Gift Act.

Understand the expected growth trends in medical assistant employment.

Recognize the changing landscape of medical business organization most notably the rarity of solo practices.

Identify and understand administrative and clinical skills relevant to medical assistants.

---

Definitions:

Net Cash Flows

The difference between a company's cash inflows and outflows within a specific period.

Decrease in Accounts Receivable

A reduction in the amount of money owed to a business by its customers for goods or services delivered on credit.

Non-Operating Gains

Income from activities not related to a company's core operations such as profits from investments, property sales, or currency exchange.

Retirement of Notes Payable

The process of paying off or settling a debt obligation represented by promissory notes.