A large staff, along with a higher proportion of specialty goods and slower-moving items and many services, are usually features of ________ retailing
A) self-service
B) self-selection
C) limited service
D) full-service
E) limited-selection
D
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Use the equation presented below to answer the question that follows: Cash = CL + LTL + CS + RE – NCCA – LTA where: CL = Current liabilities LTL = Long-term liabilities CS = Common stock RE = Retained earnings NCCA = Noncash current assets LTA = Long-term assets Which of the following activities results in a cash outflow?
a. Decreases in noncash current assets (NCCA) b. Decreases in long-term assets (LTA) c. Increases in long-term liabilities (LTL) d. Decreases in retained earnings (RE)
If a customer returns merchandise or is given an allowance for damaged merchandise, which of the following accounts is debited?
a. Sales; b. Accounts Receivable; c. Cash; d. Sales Returns and Allowances; e. Accounts Payable.
In variable costing, fixed manufacturing overhead is considered a period cost because ________.
A) these costs are indirectly related to production B) these are not incurred in the period in which the units are produced C) these costs are incurred whether or not the company manufactures any goods D) these costs are direct costs incurred for production
Internet recruiting has surpassed newspaper advertising in terms of volume of applicants generated and recruited
Indicate whether the statement is true or false