Cost of goods sold equals $250,000, and average inventory equals $100,000. Days' inventory on hand equals
A) 91.3 days.
B) 146.0 days.
C) 821.9 days.
D) 912.5 days.
B
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Which of the following is included in prime costs?
A) Overhead costs B) Indirect materials costs C) Selling and administrative costs D) Direct labor costs
When witnessing a person unknowingly drop a ten-dollar bill, Kumail instantly grabs the bill and hands it back, using his ethical intuition. From what source did this subconscious decision likely flow?
a. a consideration of his society’s value system b. reflection using his moral awareness c. execution of a theory of planned behavior d. his deeply embedded value system
U.s. gaap
a. does not allow firms to amortize goodwill in measuring net income each period. b. requires that an annual test for impairment in the value of goodwill be performed each period. c. requires the write-down of goodwill and recognition of an impairment loss if an impairment in the value of goodwill exists. d. all of the above e. none of the above
Pelican Corporation took out a nine-month $200,000 discount interest loan with a 14 percent quoted (simple) interest rate. What is the annual percentage (APR) interest rate for the loan?
A. 15.94% B. 14.96% C. 15.64% D. 11.73% E. 14.00%