Closing inventory on October 31, 2020 was $600. Purchases on that day were $120. If issues on November 1, 2020 totaled $400, what was the closing book inventory on that day?

Select one:

a. $480

b. $520

c. $320

d. $200

Which of the following questions is false?

Select one:

a. A normal first step in forecasting food sales for a given day is to predict total number of customers anticipated for that day.

b. Total number of customers anticipated for a given day can be estimated based on sales histories.

c. Forecasts of total anticipated volume for a given day should take into account sales histories.

d. Weather always has negative impact on sales.