Using the Information Below, Compute the Raw Materials Inventory Turnover

question 150

Multiple Choice

Using the information below, compute the raw materials inventory turnover:

$\begin{array}{lr}\text {Raw materials used }&\$85,500\\\text {Beginning raw materials inventory }&8,000\\\text { Ending raw materials inventory}&9,000\\\end{array}$

• A) 11.02.
• B) 382.02.
• C) 10.06.
• D) 9.94.
• E) 9.50.

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Definitions:

Unionized

Refers to workers who are members of a union, which represents their interests regarding wages, working conditions, and benefits.

Post-industrialization

A phase in economic development where a society transitions from a manufacturing-based economy to one focused on services and technology.

Global Consumerism

The global trend towards increasingly consumer-oriented societies, where purchasing and consumption of goods and services are central cultural values and indicators of economic success.

Integrated Financial Markets

Financial markets that are globally interconnected, allowing capital to move freely across borders, enhancing efficiency and liquidity.