Which of the Following Factors Are Used in Calculating a Company's

question 58

Multiple Choice

Which of the following factors are used in calculating a company's number of days' sales in inventory?

• A) Average inventory and 365
• B) Inventory turnover and 365
• C) Cost of goods sold and 365
• D) Average accounts payable and 365

Understand the procedures for handling and recording merchandise returns from customers.

Recognize different types of accounts and their normal balances as they relate to the sales cycle, including liability, contra-asset, and contra-revenue accounts.

Understand the body's nonspecific defenses against pathogens.

Recognize the role of specific defenses, including T cells and B cells, in the immune response.