The Inventory Turnover

question 102

Multiple Choice

The inventory turnover

• A)reflects how many times, on average, that the inventory balance was sold during the year.
• B)is increased when accounts receivable increases.
• C)is decreased if inventory balances decrease from the beginning of the year to the end of the year.
• D)is improved if cost of goods sold decrease and inventory balances increase from one year to the next.

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Definitions:

Pressure Switch

A switch activated at a specified pressure.

Hardwired Relay Control

A control system that uses physical electrical connections and relays for controlling machinery or processes.

Energized

Describes an electrical circuit or component that is active and under power, thereby capable of performing its intended function.

Electromagnet Control Relay

A relay device that uses an electromagnet to mechanically operate a switch, allowing lower power signals to control much larger power circuits.