If the Beginning Balance of Inventory Is $16 000 and the Ending

question 23

Multiple Choice

If the beginning balance of inventory is $16 000 and the ending balance is $30 000,credit sales for the period are $420 000 and cost of sales are $380 000,the days inventory calculation is:

• A) 29 days.
• B) 22 days.
• C) 20 days.
• D) 26 days.

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Definitions:

Attribution

The process of explaining one's own behavior and the behavior of others.

Assigning Causes

The process of attributing reasons or explanations to events, actions, or outcomes, often to understand or predict behavior.

Cognitive Dissonance

A state of mental discomfort experienced by an individual who holds two or more contradictory beliefs, ideas, or values at the same time.

Self-Handicapping Strategy

A cognitive strategy where individuals create obstacles or excuses to avoid self-blame in case of failure.