Jim Had a Beginning Inventory of $5,500

question 9

Multiple Choice

Jim had a beginning inventory of $5,500.During the month of April he purchased $4,000 of food and had an ending inventory of $3,800 at the end of the month.His sales for April were $8,750.What was his inventory turnover?

• A)1)88 turns
• B)86:1
• C)45.7%
• D)1)2 times

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Definitions:

Need For Money

A situation or condition where financial resources are required to fulfill certain needs or wants.

Professional Robbers

Individuals who engage in theft or burglary as a regular occupation, often with a high level of skill or organization.

Spur Of The Moment

Actions taken impulsively, without premeditation or planning.

Interpersonal Relations

The way in which two or more individuals interact and communicate with each other in a social setting.