Days' Sales in Inventory Is Calculated As

question 216

Multiple Choice

Days' sales in inventory is calculated as:

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

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Definitions:

Type of Unemployment

Categories of unemployment including cyclical, caused by economic downturns; frictional, resulting from the time lag between jobs; and structural, due to changes in the industry structure or technological advances.

Frictional Unemployment

Temporary unemployment occurring when individuals are transitioning between jobs, careers, or locations.

Job Search

The process by which individuals seek to find and apply for job opportunities that match their skills and preferences.

Mismatch of Skills

Refers to the discrepancy between the skills offered by workers and the skills demanded by employers, often leading to unemployment or underemployment.