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Due to the high upfront cost of securing inventory, automobile dealerships frequently have a problem managing their cash flow.Often, used car dealerships purchase inventory using a retail floorplan, a type of specialty line of credit, that typically requires the automobile to be paid off in full within 90 days of purchase.
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The average inventory is the average of inventory levels at the beginning and end of an accounting period, and COGS/day is calculated by dividing the total cost of goods sold per year by the number of days in the accounting period, generally 365 days. [3] This is equivalent to the 'average days to sell the inventory' which is calculated as: [4]
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For example, NC 90 used to run along modern US 64, which explains the multiple "90s" that branch off US 64 today (NC 9, NC 97 and NC 98). Three-digit numbered roads were less important spurs off the two-digit roads and often served as rural connectors.
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First form; replaced by NC 90: NC 171: 17.2: 27.7 US 17 in Old Ford: US 64 Bus. in Jamesville: c. 1936: current Second form NC 172 — — US 64 (now NC 94) near Skinnersville: US 17 near Hertford: 1938: 1940 First form; replaced by NC 32 and NC 37: NC 172: 25.2: 40.6 US 17 near Holly Ridge: NC 24 in Starling: c. 1940