If a Firm's Inventories on Hand Are $200,000 and Its

question 117

Multiple Choice

If a firm's inventories on hand are $200,000 and its cost of goods sold is $600,000, what is the inventory turnover?

• A)2.0 times
• B)3.0 times
• C)4.0 times
• D)5 0.33 times

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Definitions:

Antisocially

Acting in a manner that is contrary to the laws or norms of society, often harming or lacking consideration for the well-being of others.

Immorally

In a way that is not conforming to accepted standards of morality, often involving actions that are ethically wrong.

Cathartic Hypothesis

The idea that expressing or venting emotions, particularly negative emotions, can lead to psychological relief.

Frustration-Aggression Hypothesis

A theory suggesting that aggression is often a result of frustration, which arises from blocked goals or desires.