Speedex, an automobile company, has an annual sales volume of $3 million, cost of goods sold equal to $2 million, total average on-hand inventory of $600,000, and 150 operating days in a year. What is the daily revenue earned by the company? $20,000 $30,000 $10,000 $40,000 Which of the following statements is true of backorders? They force a customer to purchase elsewhere. They occur as a result of excessive stock. They result in additional costs. They occur when a customer is unwilling to wait for an ordered item