If Average Inventory Is $49 500,credit Sales $820 000 and Cost

question 47

Multiple Choice

If average inventory is $49 500,credit sales $820 000 and cost of sales $630 000 inventory turnover in days is:

• A)78 days
• B)22 days
• C)28.7 days
• D)46.5 days

Understand the significance and benefits of students setting their own evaluative criteria.

Grasp the concept of self-monitoring and its relationship with behavior change.

Recognize the differences and relationships between self-control and self-management.

Comprehend various techniques to enhance self-awareness during self-monitoring.

---

Definitions:

Unit Costs

Unit costs refer to the cost incurred to produce, store, or acquire one unit of a product or service.

Kinked-Demand Curve Model

An economic theory suggesting that in oligopolistic markets, companies may not change their prices because the demand curve is more elastic for price increases and less elastic for price decreases.

Unit Costs

The amount of money a company spends on producing, holding, and marketing one unit of a certain product or service.

Equilibrium Price

The market price at which the quantity of a good supplied equals the quantity demanded, leading to a stable market condition where there is no tendency for the price to change.