Inventory Turnover Is 8.0.Calculate Days in Inventory

question 145

Multiple Choice

Inventory turnover is 8.0.Calculate days in inventory.

• A) 14.5
• B) 2.5
• C) 57.0
• D) 45.6

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Definitions:

Corrective Tax

A tax designed to encourage or discourage certain behaviors by effectively increasing the costs associated with these behaviors, often used for environmental or public health reasons.

Market Demand Curve

A graphical representation showing the quantity of a good consumers are willing and able to buy at different price levels.

Social Optimum

The ideal level of allocation of resources that results in the highest possible economic welfare for society.

Corrective Tax

A tax designed to encourage or discourage certain behaviors by including the cost of externalities, thereby correcting an inefficient market outcome.