Which of the following buys excess inventory of unsold airline tickets and then resells the tickets at discounted prices?

Ruth Terry is a realtor. In her ads, Terry offers the free use of a moving truck to every customer she helps either buy or sell a house. This free use of a moving truck is an example of ________

A) the creation of value B) a perceived need C) a demand D) social responsibility E) customer lifetime value

On June 19, 2014, a fire destroyed the entire uninsured merchandise inventory of the Shelf Merchandising Company. The following data are available: Inventory, January 1 .................................. $ 80,000 Purchases, January 1 through June 1 . .................. 560,000 Sales, January 1 through June 1 . ...................... 776,000 Markup percentage on cost

25% What is the approximate inventory loss as a result of the fire? a. $19,200 b. $27,200 c. $34,000 d. $58,000