Fill in Each Blank with the Appropriate Term to Complete

question 105

Essay

Fill in each blank with the appropriate term to complete each formula.
$\begin{array}{|l|l|l|l|l|l|}\hline \text { BI } & \text { Beginning inventory } & \text { EI } & \text { Ending inventory } & \text { P } & \text { Purchases } \\\hline \text { CGS } & \text { Cost of Goods Sold } & \text { AI } & \text { Average inventory } & &\\\hline \end{array}$
CGS = _____ + _____ - _____
Average Inventory = (_____ + _____)/2
Goods available for sale = _____ + _____
Days to sell = 365/(_____/_____)

---

Definitions:

Survey Battery

A collection of surveys or questionnaires used together to assess a wide range of attitudes, behaviors, or characteristics in a particular group.

Achievement Tests

Achievement tests are designed to assess a person's knowledge or proficiency in a particular area or field, typically acquired through education or training.

SATs

Standardized tests commonly used for college admissions in the United States, measuring critical reading, math, and writing skills.

GPA

Grade Point Average, an average score that represents the cumulative academic performance of a student in terms of grades.