Carey's Department Store Had Net Sales of $20 Million and Cost

question 49

Multiple Choice

Carey's Department Store had net sales of $20 million and cost of goods sold of $14 million for the year.The beginning inventory for the year was $3 million.The ending inventory for the year was $5 million.What was the days' inventory outstanding?

• A)73
• B)78
• C)104
• D)130

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Definitions:

Black Men's Voting

Pertains to the historical and contemporary issues surrounding African American men's right to vote, including barriers to voter registration, disenfranchisement, and the impact of legislation meant to protect or restrict this right.

Former Confederacy

Refers to the 11 Southern states that seceded from the Union and fought against the United States during the Civil War, from 1861 to 1865.

Black Codes

Laws passed in the United States, particularly in the Southern states after the Civil War, aimed at restricting African Americans' freedoms and compelling them to work in a labor economy based on low wages or debt.

Free Labor Principles

Ideals that oppose slavery and other forms of coerced labor, emphasizing the right of individuals to enter, negotiate, and operate within a labor market freely.