Answer full question. of 2What is the average number of days to sell inventory for Company Y?Multiple Choice15.324.823.925.6 Company X$1,980,000$175,000Company Y$4,338,000$ 295,000Company z$3,234,000$ 250,500AccountCost of goods soldInventoryof 2Assuming that longer inventory holding periods act to increase expenses, which of the three companies would be expected to have the lowest inventoryholding costs?pedMultiple ChoiceAll three companies have equal holding costsCompany XCompany YCompany Z

Days in inventory = 365 / (Cost of goods sold / Average inventory) where, Average inventory =…

Account Cost of goods sold Inventory Company X $1,980,000 $ 175,000 Company Y $4,338,000 $ 295,000 Company z $3,234,000 $ 250,500 Assuming that longer inventory holding periods act to increase expenses, which of the three companies would be expected to have the lowest inventory holding costs? Multiple Choice All three companies have equal holding costs Company X Company Y Company Z

Account Cost of goods sold Inventory Company X $1,980,000 $ 175,000 Company Y $4,338,000 $ 295,000 Company z $3,234,000 $ 250,500 Assuming that longer inventory holding periods act to increase expenses, which of the three companies would be expected to have the lowest inventory holding costs? Multiple Choice All three companies have equal holding costs Company X Company Y Company Z

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

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Procedural Coding: CPT and HCPCS

Computer hardware and accessories nowadays support various types of coding for a variety of purposes. Procedural coding is a straightforward process that combines several steps of a calculative sequence to achieve the desired result. It is a type of medical classification that aids in the identification of specific surgical, medical, or diagnostic procedures. It begins as soon as a patient enters the premises of a healthcare provider. These coding systems have significantly aided the process of insurance claims and billing.

Question

Answer full question.

of 2
What is the average number of days to sell inventory for Company Y?
Multiple Choice
15.3
24.8
23.9
25.6

Company X
$1,980,000
$175,000
Company Y
$4,338,000
$ 295,000
Company z
$3,234,000
$ 250,500
Account
Cost of goods sold
Inventory
of 2
Assuming that longer inventory holding periods act to increase expenses, which of the three companies would be expected to have the lowest inventory
holding costs?
ped
Multiple Choice
All three companies have equal holding costs
Company X
Company Y
Company Z

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