1. Explain the difference between required rate of return and expected rate of return. If they are different at a specific point in time, what does it mean?
2. XYZ Corporation started the year with 60,739 of inventory. During the year, the company purchased 266,395 of additional inventory, and at the end of the year, total inventory stood at 94,843. Given this information, what was XYZ's Cost of Goods Sold during the year?