Heidi purchases an original work by one of her favorite sculptors from an art dealer for $8,000. When the sculpture arrives, Heidi determines that she no longer likes it and refuses delivery.
What remedy does Heidi have in this scenario?
a) As long as Heidi notifies the seller that she is refusing delivery, she is entitled to recover the $8,000 that she paid for the sculpture.
b) Heidi may cancel the contract, upon which time she is excused from any further performance.
c) Heidi has no recourse, because the seller is not in breach of contract and Heidi did not rightfully refuse delivery.
d) Heidi is entitled to a refund of the $8,000 that she paid for the sculpture as well as the shipping costs associated with returning it, regardless of whether or not she notifies the seller of her refusal to accept delivery.

Costco wholesale corporation operates membership warehouses selling food, appliances, consumer electronics, apparel and other household goods at 471 locations across the u.s. as well as in canada, mexico and puerto rico. as of its fiscal year-end 2005, costco had approximately 21.2 million members. selected fiscal-year information from the company's balance sheets follows. ($ millions). selected balance sheet data 2005 2004 merchandise inventories $4,015 $3,644 deferred membership income (liability) 501 454 (a) during fiscal 2005, costco collected $1,120 cash for membership fees. use the financial statement effectstemplate to record the cash collected for membership fees. (b) in 2005, costco recorded $46,347 million in merchandise costs (that is, cost of goods sold). record thistransaction in the financial statement effects template. (c) determine the value of merchandise that costco purchased during fiscal-year 2005. use the financial statementeffects template to record these merchandise purchases. assume all of costco's purchases are on credit.