A company has an average inventory on hand of $80,000 and the average days to sell inventory is 73 days. What is the cost of goods sold?
a. $400,000.
b. $5,840,000.
c. $800,000.
d. $2,920,000.
a. $400,000.
Business
You might also like to view...
When an air conditioning unit has a higher energy efficient ratio EER, it means that.
a. The unit is less efficient. b. The unit is more efficient. c. The unit needs more watts of electricity. d. The BTUs are larger.
Business
Which of the following is the proper method for determining the gross income multiplier?
A. Divide monthly income by sales price B. Divide annual income by sales price C. Divide sales price by gross income D. Divide assessed value by gross income
Business