Scribble, Inc

question 1

Multiple Choice

Scribble, Inc. has sales of $80,000 and cost of goods sold of $64,000. The firm had a beginning inventory of $10,000 and an ending inventory of $12,000. What is the length of the days' sales in inventory?

• A) 13.75 days
• B) 45.63 days
• C) 17.19 days
• D) 68.44 days

Understand the application of seasonal patterns in non-hospitality sectors.

Identify and describe components of a time series, including the component that is rarely forecast and explain why.

Decompose a time series and understand popular measures of forecast accuracy, including the role of regression in forecasting.

Understand the concept and calculation of a seasonal index in time series analysis.

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Definitions:

Heavy Communicators

Individuals who engage in frequent and intense communication activities, often dominating conversations or interactions.

System Isolates

Elements or individuals within a system that are detached or separated from others.

Stonewallers

Individuals who refuse to communicate or cooperate, effectively blocking progress or resolution in a discussion or negotiation.

Detractors

Individuals or factors that detract, criticize, or reduce the value of something or someone's efforts.