Because the only merchandise categories at the University Futon Shop are double-sized futons, the Futon Shop can be said to have no
A. product depth.
B. variety.
C. irregularity
D. inventory control.
E. need for customer service.
Answer: B
You might also like to view...
Which of the following is true of the gross profit percentage?
A) Gross profit percentage is the same for companies in all industries. B) Gross profit percentage is used to measure the solvency of a company. C) The gross profit percentage is one of the most carefully watched measures of profitability. D) A service company must show its gross profit percentage in its income statement.
A(n) ________ uses the Internet to create the appearance of private, secure connections.
A. ISP B. URL C. ASP D. VPN E. DSL
Grant Inc would like to replace an outdated piece of equipment with a newer model. Grant has determined that the new equipment needs to generate annual cash inflows of $10,000 for six years and have a salvage value at the end of year six of $4,000. Grant uses a cost of capital equal to 15 percent when making capital investment decisions. Given this information, which of the following statements
is true regarding the cost of the new equipment if, using net present value analysis, Grant decides to purchase the new equipment because it has a positive net present value? A) The cost of the equipment was $64,000 or less. B) The cost of the equipment was $73,600 or less. C) The cost of the equipment was $39,574 or less. D) The cost of the equipment was $52,983 or less.
Cash received by borrowing from line of credit will be shown:
A) on the summary cash budget. B) in the investing activity section of the cash summary budget. C) on the cash disbursements budget. D) on the operating activity section of the cash summary budget.