Zhang Company Reported Cost of Goods Sold of $835,000 and Ending

question 76

Multiple Choice

Zhang Company reported Cost of goods sold of $835,000 and ending Inventory of $41,750. The Days' sales in inventory (rounded to whole days) is:

• A) 18 days.
• B) 20 days.
• C) 418 days.
• D) 10 days.
• E) 56 days.

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Definitions:

Normative Decision Model

A framework that suggests leaders determine the appropriate amount of employee participation based on specific situational variables.

Participative Leadership

A leadership style that involves all members of a team in identifying essential goals and developing procedures or strategies to reach those goals.

Subordinates

Refers to employees or team members who are lower in hierarchical position or rank compared to their supervisors or managers.

Delegation

The assignment of authority and responsibility from one person to another to carry out specific activities while the former remains accountable for the outcome.