Chodron Corporation Had Net Credit Sales of $13,000,000 and Cost

question 133

Multiple Choice

Chodron Corporation had net credit sales of $13,000,000 and cost of goods sold of $9,250,000 for the year. The average inventory for the year amounted to $1,250,000. The average days in inventory during the year was approximately

• A) 261 days.
• B) 122 days.
• C) 49 days.
• D) 35 days.

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Definitions:

Workflow Design

The arrangement and organization of processes, tasks, and activities to achieve efficient operations and outcomes in a workplace.

Self-efficacy

An individual's belief in their own ability to complete tasks and achieve goals, which plays a critical role in how one approaches goals, tasks, and challenges.

Environmental Uncertainty

A condition in which there is a lack of information about environmental factors that could affect the decision-making process.

Pyramid-Shaped

Describing a structure or hierarchy where each level progressively narrows to a point at the top, typical of organizational charts.