Pascarelli Corporation's Inventory at the End of Year 2 Was

question 197

Multiple Choice

Pascarelli Corporation's inventory at the end of Year 2 was $122,000 and its inventory at the end of Year 1 was $150,000.Cost of goods sold amounted to $870,000 in Year 2.The company's average sale period for Year 2 is closest to:

• A) 230.1 days
• B) 51.2 days
• C) 57.0 days
• D) 32.3 days

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Definitions:

Plasmogamy

The fusion of the cytoplasm of two cells from different fungal hyphae, a stage in the sexual reproduction of fungi.

Karyogamy

The fusion of two nuclei within a cell, a key process in sexual reproduction resulting in the formation of a zygote.

Meiosis

A process of cell division that results in the production of four haploid cells (gametes) from a single diploid cell, with each resulting cell containing half of the genetic material of the original cell.

Mitosis

A type of cell division in eukaryotic cells that results in two daughter cells each having the same number and kind of chromosomes as the parent nucleus.