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Using the Information Below, Compute the Days' Sales in Raw

question 11

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Using the information below, compute the days' sales in raw materials inventory:

 Raw materials used$121,600Beginning raw materials inventory 18,000 Ending raw materials inventory20,200\begin{array}{lr}\text { Raw materials used}&\$121,600\\\text {Beginning raw materials inventory }&18,000\\\text { Ending raw materials inventory}&20,200\\\end{array}

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Definitions:

Special Protections

Legal measures and regulations designed to ensure the safety and rights of specific groups of individuals or classes of subjects, typically those who are vulnerable or at risk.

Secured Creditors

Creditors who have a legal claim to specific assets of the debtor as collateral for the debt they are owed, providing them with a level of protection in case of the debtor's default.

Exempt

To be free from an obligation, duty, or liability to which others may be subject; typically used in contexts like taxes, legal requirements, or regulations.

Redemption

The buying back of one’s property after it has been sold. The right to redeem property sold under an order or decree of court is purely a privilege conferred by, and does not exist independently of, statute.

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