What Is the Formula for the Average Inventory Turnover Period

question 31

Multiple Choice

What is the formula for the average inventory turnover period in days?

• A)(Average inventory held/Cost of sales)× 365.
• B)Average inventory held/Sales.
• C)Cost of sales/Average inventory.
• D)None of the above.

Analyze the intersection of gender issues within sports and the implications of gender verification processes.

Grasp the concept of gender as a social construction and its binary and non-binary classifications.

Differentiate between sexual orientation, gender identity, and sexual attraction.

Distinguish between sex as a biological concept and gender as a social construct.

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Definitions:

Socially Optimal Quantity

The level of output where the marginal benefit to society of consuming another unit equals the marginal cost of producing it, leading to the most efficient allocation of resources.

Positive Externality

A benefit that is enjoyed by a third-party as a result of an economic transaction or activity.

Subsidy

A financial aid provided by the government or a public body to reduce the cost or price of goods and services, encouraging production or consumption.

Command-And-Control Policy

It refers to environmental policies that rely on regulations (permission, prohibition, standard setting, enforcement) rather than economic incentives or market solutions.