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ACC 291 Final Exam Question Answers

TransWebeTutors Provide ACC 291 UOP New Final Exam Answers Online Homework Help for University of Phoenix Students! A++ Tutorials.

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If 2013 is the base year, what is the percentage increase in cost of goods sold<br />

from 2013 to 2015?<br />

30%<br />

70%<br />

130%<br />

20%<br />

Multiple Choice <strong>Question</strong> 179<br />

A company has an average inventory on hand of $75,000 and its average days in<br />

inventory is 36.5 days. What is the cost of goods sold?<br />

$1,680,000<br />

$876,000<br />

$750,000<br />

$1,752,000<br />

Find the quiz answers here <strong>ACC</strong> <strong>291</strong> <strong>Final</strong> <strong>Exam</strong> <strong>Answers</strong><br />

Multiple Choice <strong>Question</strong> 199<br />

The following information is available for Patterson Company:<br />

2014 2013<br />

Accounts receivable $ 360,000 $ 340,000<br />

Inventory 280,000 320,000<br />

Net credit sales 3,000,000 2,600,000<br />

Cost of goods sold 1,500,000 840,000<br />

Net income 300,000 170,000<br />

The accounts receivable turnover for 2014 is<br />

<br />

<br />

<br />

4.3 times.<br />

8.6 times.<br />

7.6 times.

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