The Following Data Were Taken from the Annual Reports of Big

question 18

Multiple Choice

The following data were taken from the annual reports of Big Bang Inc., a manufacturer of fireworks, and Orange Inc., a manufacturer of computers. $\begin{array}{|l|r|r|}\hline & \text { Big Bang, Inc. } &{\text { Orange, Inc. }} \\\hline \text { Cost of goods sold } & \$ 830,000 & \$ 11,540,000 \\\hline \text { Inventory, end of year } & 190,000 & 320,000 \\\hline \text { Inventory, beginning of year } & 240,000 & 290,000 \\\hline\end{array}$
What is the inventory turnover for Big Bang and Orange.

• A)
• Big Bang, Inc.: 94.55
• Orange, Inc.: 9.65
• B)
• Big Bang, Inc.: 3.86
• Orange, Inc.: 9.65
• C)
• Big Bang, Inc.: 3.86
• Orange, Inc.: 37.84
• D) Big Bang, Inc.: 94.55
• Orange, Inc.: 37.84

Comprehend the various functionalist perspectives on the societal roles of family and religion.

Understand the fundamental concepts of costs in economics including total fixed costs (TFC), total variable costs (TVC), and total costs (TC).

Comprehend the significance of sunk costs and its implications for business decision-making.

Understand the calculation and significance of average costs (average fixed costs, average variable costs, and average total costs).

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Definitions:

Smooth Muscle

A type of muscle found in the walls of hollow organs like the intestines and blood vessels, functioning involuntarily and controlled by the autonomic nervous system.

Cardiac Muscle

A specialized form of striated muscle found in the heart, characterized by interconnected fibers that contract to pump blood throughout the body.

Skeletal Muscle

A type of striated muscle, which is under voluntary control, functioning to produce movement by contracting.

Dermal Cells

Cells that make up the outer layer of an organism, particularly plants, providing protection against environmental stress, pathogens, and water loss.