What are the estimated total costs if Genend's store expects to sell 8,000 units next year?

Validity is the degree to which the question measures what the analyst intends to measure

Indicate whether the statement is true or false

In an audit of financial statements, the risk of the high rate of return of products sold includes relates to which of the following?

a. Sales that are recorded improperly. b. An estimate of accrued returns that reduces net income. c. A reduction of net sales for an increase to the sales returns and allowance account. d. Consignment goods that are returned and forwarded to third parties.