A Firm with a Stockturn Rate of 5 That Sells

question 70

Multiple Choice

A firm with a stockturn rate of 5 that sells products that cost it $150,000 per year is keeping an average of _____ worth of inventory.

• A) $75,000
• B) $150,00
• C) $750,000
• D) $4,000
• E) $30,000

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Definitions:

Medicaid

A health care program in the United States that provides medical assistance to eligible low-income individuals and families.

Medicare

A federal health insurance program in the United States primarily for people who are 65 or older, as well as for some younger individuals with disabilities.

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An entitlement or permission granted by legal systems that enables an individual or entity to engage in certain actions or to be in a certain state.

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A right based on ethical principles, often thought to be universal and inherent to the dignity of human beings.