Ottawa,Inc.provides the Following Data

question 132

Multiple Choice

Ottawa,Inc.provides the following data:

For the year ending December 31,2019:

Calculate the days' sales in inventory for 2019.(Use 365 days for any calculations.Round any intermediate calculations and your final answer to two decimal places. )

• A)53.68
• B)118.09
• C)48.67
• D)85.88

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Definitions:

Activity Variance

The difference between planned activity levels and actual activity levels, often used in budgeting and forecasting to analyze performance.

Budgeting

The process of creating a plan to spend your money, outlining expected revenues and expenses for a future period.

Actual Results

The real outcomes or results of business activities, measured in terms of performance, revenue, or profits, compared against planned or forecasted outcomes.

Shipping Container

A large, standard-sized metal box used for the transport of goods by sea or land.