12. With beginning inventory at cost of $9,000, ending inventory at cost of $7,000, net sales of $51,000, and cost of goods sold of $46,000, the inventory turnover at cost to the nearest hundredth is A. 7.55. B. 7.57. C. 5.57. D. 5.75.

13. The weighted-average method is best used for A. homogeneous products. B. grains only. C. fuels only. D. heterogeneous products.

14. Which one of the following statements is true about reduced paid-up insurance? A. It buys protection with paying new premiums. B. It results in a face amount less than the original amount. C. It means the original face amount is continued for a certain number of years. D. It continues for 20 years.