1. Expecting the price of a popular brand of canned soup to increase in the future, a supermarket orders extra cases of the soup. This is an example of holding inventory because of changes in the ______ of the inventory.
value
management
demand
classification
2. Flow rate can be estimated from the value of ____________ reported in a publicly traded company’s ______________.
revenue, income statement
cost of goods sold, income statement
cost of goods sold, balance sheet
revenue, balance sheet