A disadvantage of a leased department to the leased department operator is the _____
a. restriction on goods/services carried
b. high promotional expense
c. poor cash flow due to centralized checkouts
d. creation of a one-stop shopping environment
a
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Which of the following statements is true about a counteroffer?
A. An offeree who makes a counteroffer is still considered the offeree. B. A counteroffer terminates the existing offer. C. A counteroffer can only be made by the original offeror. D. A counteroffer is effective even before it has been received by the original offeror.
Landmark Corp. buys $350,000 of Schroeter Company's 8%, 5-year bonds payable at par value on September 1. Interest payments are made semiannually. Landmark plans to hold the bonds for the 5-year life. The journal entry to record the purchase should include:
A. A debit to Short-Term Investments-AFS $350,000. B. A debit to Debt Investments-AFS $350,000. C. A debit to Cash $350,000. D. A debit to Short-Term Investments-Trading $350,000. E. A debit to Debt Investments-HTM $350,000.
You just deposited $2,000 in a bank account that pays a 4.0% nominal interest rate, compounded quarterly. If you also add another $5,000 to the account one year (4 quarters) from now and another $7,500 to the account two years (8 quarters) from now, how much will be in the account three years (12 quarters) from now?
A. $15,472.46 B. $19,340.58 C. $11,604.35 D. $18,566.96 E. $14,234.67
Herald Company paid $2,800 cash for production supplies. The recognition of this event will:
A. increase expenses. B. not impact total assets. C. decrease equity. D. None of these answers are correct.