During the Year Just Ended, the Retailer James Corporation Purchased

question 315

Multiple Choice

During the year just ended, the retailer James Corporation purchased $425,000 of inventory. The inventory balance at the beginning of the year was $175,000. If the cost of goods sold for the year was $450,000, then the inventory turnover for the year was:

• A) 2.77
• B) 2.57
• C) 3.00
• D) 2.62

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Definitions:

Language Development

The process by which children come to understand and communicate language during early childhood.

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Experts or scholars who study language, its structure, history, and how it's used by people.

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Individuals who formulate theories, which are systematic explanations of phenomena, in various fields such as philosophy, science, or sociology.

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Key developmental stages that mark significant points in the language learning process, including understanding and use of words, sentences, and conversation.