Caruso, Inc

question 39

Multiple Choice

Caruso, Inc.has an inventory turnover rate of 8 times.If its cost of goods sold is $150,000, then

• A) It sells its inventory 1,200 times per year.
• B) The company will report sales of $1,200,000.
• C) The gross margin will be $1,200,000.
• D) The company's average inventory is $18,750.

---

Definitions:

Remittances

Money sent back home by migrants to family members in their country of origin.

Emigrants

Individuals who leave their country of origin to live permanently in another country.

Capital Flight

The quick transfer of substantial amounts of money or assets from a country as a result of its economic or political instability.

Technological Advances

Innovations and improvements in technology that enhance productivity, efficiency, and quality of life.