If sales are $850,000,the cost of sales is $500,000 and average inventory is $55,000,the average time taken to sell inventory in days is:
A) 40.15 days.
B) 23.6 days.
C) 11 days.
D) 33 days.
Correct Answer:
Verified
Q1: Working capital is a measure of a
Q3: Items which comprise inventory are:
A) work-in-process.
B) finished
Q5: The economic order quantity model is concerned
Q6: Annual demand for product G is 117,000
Q7: An advantage of holding inventory is:
A) no
Q7: Management of working capital is important because
Q9: One of the most difficult inventory costs
Q13: Which of these is not considered a
Q15: Working capital for a manufacturer normally makes
Q20: Which statement concerning the economic order quantity
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