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The Mullens Company reported the following: Year 3 Year 2 Year 1 Sales $32,000 $30,080 $28,600 Cost of goods sold 26,200 23,500 22,800 Inventory
The Mullens Company reported the following: Year 3 Year 2 Year 1 Sales $32,000 $30,080 $28,600 Cost of goods sold 26,200 23,500 22,800 Inventory 1,850 1,600 1,440 What is the company's days in inventory for Year 3? Round your answer to one decimal place. The Sands Corporation produces packaged sandwiches. In a recent budget performance report, there was an unfavorable quantity variance related to cheese. How many of the following could help explain the variance? The selling price of sandwiches was decreased. Labor union contract disputes led to increased wages for all factory workers. An automated cheese slicer was installed at the factory. The factory manager started purchasing similar cheese from a lower cost supplier. 3 02 01 00 04 The cash payback period would always consider how many of the following? Initial investment Operating cash inflows Operating cash outflows Salvage value 2 01 03 0 O 4
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