Use the Following Information for Shafer Company to Compute Inventory

question 5

Multiple Choice

Use the following information for Shafer Company to compute inventory turnover for year 2.
$$\begin{array} { | l | r | r | } \hline & \text { Year 2 } & \text { Year 1 } \\\hline \text { Net sales } & \$ 647,500 & \$ 582,000 \\\hline \text { Cost of goods sold } & 389,500 & 360,840 \\\hline \text { Ending inventory } & 76,700 & 79,380 \\\hline\end{array}$$

• A) 9.98
• B) 5.08
• C) 4.99
• D) 8.30
• E) 8.44

Understand the impact of team size on leadership demands and decision-making processes.

Grasp the importance of balancing task-oriented and relations-oriented goals in effective teams.

Identify and differentiate between task-oriented, relations-oriented, and self-oriented roles within teams.

Recognize the significance of collective efficacy and superordinate goals in team performance.

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Definitions:

Banking System

The network of financial institutions that provide banking services, such as accepting deposits and lending money.

Drawer

In financial transactions, the drawer is the person who writes or issues a cheque or draft, instructing their bank to pay a specified sum of money to the payee or bearer.

Payee

The individual or entity to whom a check, draft, or note is made payable.

Certified Check

is a check for which the issuing bank guarantees availability of funds by verifying the account's balance and then setting aside the check amount.