Marketers should assume that buyers will pass through the classic hierarchy of affective, cognitive, and behavioral stages, in that order

Which of the following statements regarding annuities is NOT correct?

A) Annuity payments are guaranteed. B) Like life insurance, an annuity is used primarily to provide income at death. C) An annuity is based on mortality assumptions and the law of large numbers. D) An annuity contract provides for the purchase of income.

Opera Corporation began the year with $8,000 in inventory. During the year, Opera purchased $23,000 in inventory. An end of the year count showed $6,000 in inventory. What is Opera cost of goods sold for the year?

a. $15,000 b. $8,000 c. $21,000 d. $25,000 e. $23,000