On July 1, Ferguson Company sold merchandise in the amount of $5,800 to Tracey Company, with credit terms of 2/10, n/30. The cost of the items sold is $4,000. Ferguson uses the perpetual inventory system and the gross method Normal 0 false false false EN-IN X-NONE X- NONE /* Style Definitions */ table.MsoNormalTable {mso-style-name:"Table Normal"; mso- tstyle-rowband-size:0; mso-tstyle-colband-size:0; mso-style-noshow:yes; mso-style-priority:99; mso-style-qformat:yes; mso-style-parent:""; mso-padding-alt:0cm 5.4pt 0cm 5.4pt; mso-para- margin:0cm; mso-para-margin-bottom:.0001pt; mso-pagination:widow-orphan; font-size:11.0pt; font-family:"Calibri","sans-serif"; mso-ascii-font-family:Calibri; mso-ascii-theme-font:minor- latin; mso-fareast-font-family:"Times New Roman";
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Which of the following is not recommended as a merchandise location practice?
A. Retailers should strategically place impulse and demand/destination merchandise throughout the store, so they can increase the chances that a customer will shop the entire store and focus on the merchandise with a high GMROI. B. Retailers should place merchandise with a high GMROI at or close to the store entrance to attract customers' attentions and sell fast. C. Retailers should display high GMROI products at the right-hand side of the store. D. A retailer should strategically cluster complementary products together to facilitate multiple purchases. E. Retailers should display some of their most compelling merchandise in the strike zone to create a desirable first impression of the store.
Which of the following are intermediaries that receive fees for facilitating transactions in markets such as real estate, food, and used equipment in which there are a lot of small buyers and sellers?
A) manufacturers' agents B) selling agents C) commission merchants D) merchandise brokers E) sale mediators
Virtual reality has been used increasingly in the product design stage
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A letter of credit is an instrument issued by a bank, or another person, at the request of an account party
Indicate whether the statement is true or false