What percentage of the population use a mobile device to research products online before purchasing?
A. about 25%
B. about 33%
C. about 50%
D. about 75%
Answer: C
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An effective retail information system should contain both primary and secondary data
Indicate whether the statement is true or false
Which of the following statements is FALSE?
A) After a firm decides on its credit standards, it must next establish its credit terms. B) The decision of how much credit risk to assume plays a large role in determining how much money a firm ties up in its payables. C) Knowledge of the payments pattern is also useful for forecasting the firm's working capital requirements. D) An aging schedule categorizes accounts by the number of days they have been on the firm's books.
Factors that lead to a low-cost position also provide substantial entry barriers to substitute and new products as is demonstrated by the retailer, Aldi, whose focus on minimizing costs across the entire operation permits it to position well against competitors such as Walmart.
Answer the following statement true (T) or false (F)
If Errant used the equity method to account for its investment in Grub and had net income of $160,000 from its own operations (before making any entries to reflect its investment in Grub) and paid no dividends in 2018, what amount of consolidated retained earnings would appear on Errant's consolidated balance sheet as at December 31, 2018?
A) $130,000. B) $160,000. C) $60,000. D) $300,000.