A company began the year with $150,000 in inventory and ended the year with $170,000 in inventory. Cost of goods sold for the year amounted to $960,000 . Assuming 360 days in a year, how long, on average, does it take the company to sell its inventory (to the nearest day)?

a. 6 days
b. 60 days
c. 120 days
d. 3 days


b

Business

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A marketer of breakfast cereals might send researchers to preselected households at 6 A.M. to watch families go about their morning routines

The client could also assign a researcher to accompany family members to the grocery store to record their behavior under actual shopping conditions. This type of research method is considered as: A) focus group. B) invasion of privacy. C) consumer panel study. D) factor analysis. E) observation.

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The Marketing Research Association started a Certification program for marketing researchers in 1960

Indicate whether the statement is true or false

Business

Productivity is defined as a ratio of __________ over __________.

a. Inputs, outputs b. Outputs, inputs c. Inputs, quality d. Quality, inputs

Business

An industry practice that permits bill-padding is ethical

Indicate whether the statement is true or false

Business