What is the inventory conversion period for a firm that has inventory of $1.5 million, a tax rate of 35 percent, daily cost of goods sold of $300,000, and profit margin of 12 percent?
a. 3.25 days
b. 0.60 days
c. 5.00 days
d. 6.75 days
b
You might also like to view...
The following information is provided by the Ferrara Corporation: Beginning retained earnings $ 50,000 Ending retained earnings 70,000 Dividends declared and paid 10,000 Revenue 50,000 What is the net income for Ferrara Corp?
a. $10,000 b. $20,000 c. $30,000 d. Unable to tell from the information provided.
Ms. Stephens has been identified as someone in her organization who could be a leader, and her superiors are trying to develop this potential. However, it also appears that she is arrogant, somewhat narcissistic, does not often praise others, and is usually unaware when she has insulted others. As a result, to have a better chance of leadership success, Ms. Stephens should ______.
a. improve her grit and perseverance b. increase her emotional intelligence c. decrease her emotional intelligence d. become less of a rebel in her organization
Under the objective rule, the person who was given the engagement ring must return the ring, regardless of which party broke off the engagement
Indicate whether the statement is true or false
Which of the following is a difficult and nasty issue that can ensnarl the inexperienced entrepreneur even after they have made a sale to a customer?
a. Number of competitors b. Bank financing c. Revenue recognition d. Strategic timing