Gilbert and Sons Has Sales for the Year of $24

question 43

Multiple Choice

Gilbert and Sons has sales for the year of $24 800 and cost of goods sold of $14 200.The firm carries an average inventory of $3100 and an average accounts payable balance of $2400.What is the inventory period?

• A)80 days
• B)85 days
• C)75 days
• D)78 days
• E)83 days

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Definitions:

Multiple-hurdle Model

A selection process in which an applicant must successfully pass a series of tests or criteria to move to the next stage of evaluation.

Employment Tests

Assessments used by employers to evaluate a candidate's qualifications, skills, or suitability for a specific job or role.

Broad Categories

General or wide-ranging classifications used to organize content, ideas, objects, or phenomena into groups.

Human Resource Planning

Identifying the numbers and types of employees the organization will require in order to meet its objectives.