Income used to buy luxury items such as a Cunard cruise is referred to as ________.
A. disposable income
B. gross income
C. wealth income
D. surplus income
E. discretionary income
Answer: E
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If the company closes the year when the activities are at a peak, the number of days' sales in inventory would tend to be overstated and the liquidity would be overstated
Indicate whether the statement is true or false
________ refers to "self-interest seeking with guile
a. Law of legitimate cross-purposes b. Law of perpetual change c. Opportunism d. Alignment
Huff's law of shopper attraction improved Reilly's law of retail gravitation by adding a consideration of _____
a. customer demographics b. product assortment of the items carried at various shopping locations c. customer lifestyles d. a store's promotional effectiveness
The financial statements of Barker Office Furniture Company include the following items
2017 2016 Cash $52,500 $49,000 Short-term Investments 32,000 17,000 Net Accounts Receivable 92,000 99,000 Merchandise Inventory 159,000 144,000 Total Assets 531,000 551,000 Total Current Liabilities 267,000 292,000 Long-term Note Payable 60,000 55,000 What is working capital for 2017? A) $204,000 B) $68,500 C) $36,500 D) $90,500