If Beginning Inventory Is $1,000,000,ending Inventory Is $1,400,000,sales Are $10,000,000,and

question 47

Multiple Choice

If beginning inventory is $1,000,000,ending inventory is $1,400,000,sales are $10,000,000,and anticipated sales are $50,000 per day,what is the days of supply?

• A)28 days
• B)70 days
• C)60 days
• D)32 days

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Definitions:

NAICS

The North American Industry Classification System, a standard used by federal statistical agencies for classifying business establishments for statistical analysis.

Derived Demand

Demand for a factor of production or intermediate good that occurs as a result of the demand for another good or service.

Wood Pallets

Wood pallets are flat transport structures made of wood that support goods in a stable fashion while being lifted by a forklift, pallet jack, front loader, or other jacking device.

Raw and Semifinished

Materials or products that have undergone partial processing but are not yet complete products ready for sale to the end consumer.