Use the Following Information to Answer the Question(s)below

question 19

Multiple Choice

Use the following information to answer the question(s) below:
Rearden Metal (RM) had $120 million in sales in 2019.Its cost of goods sold was $85 million,and its average inventory balance was $15 million.
-The industry average days of inventory is 75 days.The amount that Rearden would have to increase/decrease its inventory in order to match the industry average is closest to:

• A)decrease inventory by $2.2 million.
• B)increase inventory by $2.2 million.
• C)increase inventory by $2.5 million.
• D)increase inventory by $4.2 million.

Know the elements of a strong closing in routine messages.

Understand the importance of building or repairing relationships through messaging.

Realize the effectiveness of explaining and justifying requests in routine messages.

Acknowledge the need for professional tone and courtesy in business communication.

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Definitions:

High Rank Positions

High rank positions are titles or roles in an organization or society that carry significant authority, responsibility, and usually, prestige.

Kingsley Davis

A prominent American sociologist known for his contributions to population studies, urban theory, and social structure analysis.

Survival of Society

The enduring and continuous existence of a society through the maintenance of its structures, customs, and values across generations.

Ability and Talent

Natural aptitudes or skills that individuals possess, which can be developed through practice and education.