Thomas Company Provided the Following Particulars for Year 2017 Calculate the Average Number of Days That Inventory Was Held

question 57

Multiple Choice

Thomas Company provided the following particulars for year 2017: $$\begin{array} { | l | l | } \hline \text { Cost of sales } & \$ 1,400,000 \\\hline \text { Beginning inventory } & 340,000 \\\hline \text { Ending inventory } & 350,000 \\\hline\end{array}$$ Calculate the average number of days that inventory was held by Thomas Company during 2017.(Assume 365 days in a year.Round your intermediate calculations and final answer to two decimal places. )

• A)91.25 days
• B)179.8 days
• C)88.59 days
• D)89.9 days

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Definitions:

Ethical Viewpoint

A perspective or stance on what is morally right or wrong, guiding the conduct and decisions in a particular domain such as business, medicine, or research.

ABAB Design

A type of experimental design used in behavior analysis where an initial baseline period (A) is followed by an intervention period (B), a return to baseline (A), and then a second intervention period (B) to observe changes in behavior.

ABA Design

A research design involving three phases: a baseline (A), an intervention (B), and then a return to baseline (A) to assess the effect of the intervention.

Reinforcement Program

A structured system designed to promote and strengthen desired behaviors through the use of rewards or punishments.