Scribble, Inc

question 106

Multiple Choice

Scribble, Inc. has sales of $100,000 and cost of goods sold of $75,000. The firm had a beginning inventory of $20,000 and an ending inventory of $22,000. What is the length of the days' sales in inventory?

• A) 73.00 days
• B) 83.30 days
• C) 97.34 days
• D) 107.07 days

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Definitions:

Incentive

A factor, monetary or otherwise, that motivates individuals or entities to act in a particular way or to pursue a certain course of action.

Advertise

The act of promoting products, services, or ideas through various media channels in order to attract or increase interest among consumers.

Market Power

The ability of a firm or group of firms to influence the price of goods or services in a market.

Influence

The capacity to have an effect on the character, development, or behavior of someone or something.