Author Question: The cost of goods sold for McPherson Fashions is 360,000. The beginning inventory for the firm was ... (Read 163 times)

crobinson2013 · **on:** Jul 14, 2018

The cost of goods sold for McPherson Fashions is 360,000. The beginning inventory for the firm was 20,000. Twelve months later the ending inventory was 40,000. What is the firm's inventory turnover?
A) 6 times a year
B) 9 times a year
C) 12 times a year
D) 18 times a year
E) 24 times a year

Question 2

Every year, Barbara and her boss sit down together and discuss what Barbara should accomplish for the next year. Barbara's boss takes time to meet with all his employees like this to motivate them to accomplish their objectives. These actions rely on
A) expectancy theory.
B) goal-setting theory.
C) equity theory.
D) Theory Y.
E) goal-motivation theory.