________ users of accounting information are not directly involved in running the organization.
Fill in the blank(s) with the appropriate word(s).
External
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Answer the following statements true (T) or false (F)
1) A merchandiser's statement of retained earnings looks exactly like that of a service business. 2) The balance sheet of a merchandiser looks the same as the balance sheet of a retailer, except merchandisers have the following additional current liability accounts: Estimated Returns Inventory and Refunds Payable. 3) The gross profit percentage measures the profitability of each sales dollar above the cost of goods sold. 4) A small increase in the gross profit percentage may indicate an important rise in income. 5) Gross profit percentage reflects a business's ability to raise selling prices.
Mirroring or mimicry happens when people take part in similar actions at relatively the same time (i.e. within three to five seconds).
Answer the following statement true (T) or false (F)
Jones & Company, a major retail chain across the United States, offers a wide range of consumer goods such as clothing, furniture, home appliances, cosmetics, jewelry, and food. Jones & Company is best described as a ________
A) supermarket B) department store C) specialty store D) pop-up store E) category killer
Which of the following is the type of advertising that the media run free of charge?
A) product advertisements B) advocacy advertisements C) public service advertisements D) institutional advertisements E) local advertisements