Days' Sales in Inventory Is Calculated As

question 33

Multiple Choice

Days' sales in inventory is calculated as:

• A)Ending inventory divided by sales times 365.
• B)Cost of goods sold divided by ending inventory.
• C)Ending inventory divided by cost of goods sold times 365.
• D)Cost of goods sold divided by ending inventory times 365.
• E)Ending inventory divided by cost of goods sold.

Distinguish between voluntary and involuntary assignments and their legal effects.

Explain the principle of vicarious performance and its relevance in contractual obligations.

Discuss the development and scope of the doctrine of privity in contract law and its exceptions.

Understand the concepts of chose in action, negotiable instrument, and their significance in contract law.

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