RESPA requires a lender to disclose good faith estimates of closing costs within three days of loan application.

a. true
b. false

Ans: a. true

Business

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What are some of the largest factors for a firm when it demands continuous product innovation?

a. Board of Directors b. Cost leadership programs c. Disposable income d. Interpreting and taking action on often ambiguous information

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Resale Sports had inventory of $8,000 on Jan 1, 20X3, and $12,000 on Dec 31, 20X3. Sales for 20X3 were $250,000 and the company's gross profit percentage was 35%. What was the inventory turnover for Resale Sports for 20X3?

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