Shaffer Company presents the following data for 2012. Net Sales, 2012 $3,007,124 Net Sales, 2011 93,247 Cost of Goods Sold, 2012 2,000,326 Cost of Goods Sold, 2011 1,000,120 Inventory, beginning of 2012 341,169 Inventory, end of 2012 376,526 The merchandise inventory turnover for 2012 is:
a. 5.6.
b. 15.6.
c. 7.5.
d. 7.7.
e. 5.2.
A
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The marketing mix consists of the product, the price, distribution and:
A) emotions B) promotions C) delivery systems D) services
Provide journal entries to close the Income Summary account and the Dividends account. Omit explanations.
An adjusted trial balance for a merchandiser is given below.
Janine buys swimwear for a chain of apparel stores. At a recent trade show, she took the opportunity to meet with a few vendors. During a meeting with the vendor that she normally purchased from each season, he proposed a weekend in the Cayman Islands to view the swimwear that European tourists were wearing. Janine knows that it would be beneficial to see what European tourists are wearing and then translate what she is seeing into her assortment for her target customers. Before continuing her discussions with the vendor, what should she do?
A. She should check to see if there might be a better place than the Cayman Islands to scope out swimwear trends. B. She should look at her budget to see how much product she would be able to purchase from this vendor this season. C. She should ensure that all her work is completed before she leaves for an extended weekend. D. She must inform her divisional merchandise manager of the proposal. E. She should see what other vendors might be offering.
Which is a trend affecting how service desks are run?
A. Increasing complexity in number and types of support levels B. Insourcing and less reliance on best practice frameworks C. Multichannel and global support requirements D. Less technically savvy customers