Unanticipated (unplanned) inflation makes it easier to reach our financial goals

A company has an average inventory on hand of $80,000 and the average days to sell inventory is 73 days. What is the cost of goods sold?

a. $400,000. b. $5,840,000. c. $800,000. d. $2,920,000.

Which of the following would create an express warranty?

A) A seller taking a sample from a bin and indicating the purchase will conform to the sample B) A seller promising at the time of sale that he will repair any defects or problems for a year from the sale C) A seller showing the buyer a model and saying, "Yours will be just like this only blue instead of red" D) All of the above create warranties. E) None of the above create warranties