Denver Interiors,Inc

question 29

Multiple Choice

Denver Interiors,Inc.,has sales of $836,000 and cost of goods sold of $601,000.The firm had a beginning inventory of $36,000 and an ending inventory of $47,000.What is the length of the inventory period?

• A)19.21 days
• B)20.89 days
• C)25.20 days
• D)30.53 days
• E)33.69 days

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Definitions:

Information Technology

The employment of computer systems, storage solutions, networking components, and various physical technologies and processes for the creation, processing, storage, protection, and sharing of all types of digital information.

Virtual Logistics

The management of logistic operations, such as transportation, warehousing, and delivery, in a virtual or digital environment.

Cisco

A global technology leader known for manufacturing networking hardware, telecommunications equipment, and other high-technology services and products.

Logistics Management

The coordination and optimization of the movement of goods and materials from origin to destination.