It is important for a retail store to quickly resume operations after a direct loss primarily because:
A) looting will occur
B) retail merchandise goes out of style quickly
C) most property insurance contracts demand that operations resume immediately, or as soon as possible, after a direct loss
D) customers can be quickly and permanently lost if operations do not continue
D
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Assume that the custodian of a $585.00 petty cash fund has $107.50 in coins and currency plus $463.50 in receipts at the end of the month. The entry to replenish the petty cash fund will include:
A. A debit to Petty Cash for $463.50. B. A credit to Cash Over and Short for $477.50. C. A debit to Cash for $449.5. D. A debit to Cash Over and Short for $14.00. E. A credit to Cash for $463.50.
Pager Corporation acquires 30% of the outstanding voting common shares of the Intercomm Corporation for $600,000 . Pager Corporation acquires the investment in Intercomm Corporation by buying previously issued shares of Intercomm Corporation from other investors. Suppose that Intercomm Corporation reports earnings of $100,000 and pays dividends of $40,000, during the next accounting period. As a
result, Pager Corporation's entries are: a. Equity in Earnings of Affiliate . . . . . . . . . . . . . . . . . . . . . . . . . . 30,000 Investment in Stock of Intercomm Corporation . . . . . . . . . . . . . . . . . .30,000 Investment in Stock of Intercomm Corporation. . . . . . . . . . .. . . . . 12,000 Cash. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12,000 b. Investment in Stock of Intercomm Corporation . . . . . . . . . . . . . . . 30,000 Equity in Earnings of Affiliate . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30,000 Cash. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12,000 Investment in Stock of Intercomm Corporation. . . . . . . . . . . . . . . . . . . . 12,000 c. Equity in Earnings of Affiliate . . . . . . . . . . . . . . . . . . . . . . . . . .100,000 Investment in Stock of Intercomm Corporation . . . . . . . . . . . . . . . . . 100,000 Cash. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12,000 Investment in Stock of Intercomm Corporation. . . . . . . . . . . . . . . . . . . . 12,000 d. Investment in Stock of Intercomm Corporation . . . . . . . . . . . . . . . 100,000 Equity in Earnings of Affiliate . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 100,000 Cash. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12,000 Investment in Stock of Intercomm Corporation. . . . . . . . . . . . . . . . . . . . 12,000 e. Investment in Stock of Intercomm Corporation . . . . . . . . . . . . . . . 30,000 Investment Revenue. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30,000 Cash. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12,000 Investment in Stock of Intercomm Corporation. . . . . . . . . . . . . . . . . . . . 12,000
A store which groups female clothing into juniors', misses', and ladies' has classified those departments by _____ product groupings
a. storability b. purchase motivation c. functional d. market segment
Using the average of recent historical demand to generate a forecast is referred to as what technique?
a. Simple moving average b. Weighted moving average c. Exponential smoothing d. Linear trend forecast