Barron Industries has the following information: Sales Revenue$300,000Ending inventory 30,000Cost of Goods Sold 200,000Beginning inventory 25,000What is Barron's number of days to sell?
A. 54.8 days
B. 36.5 days
C. 50.2 days
D. 33.5 days
Answer: C
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Lane Outfitters Company, a retailer, accepts payment through credit cards. During August, credit card sales amounted to $12,000. The processor charges a 3% fee. Assuming that the credit card processor uses the gross method, prepare the journal entries, on the books of Lane Outfitters, for the credit card sales and the payment of fees. (Ignore cost of goods sold.) Omit explanation.
What will be an ideal response?
A major cost advantage associated with direct store delivery for a retailer is the _____
a. mechanized processing of goods b. reduction in warehouse expenses c. efficient marking of merchandise d. ease of returns
Brands create customer loyalty, which in turn
A. provides monetary incentive for using the product. B. allows a company to operate facilities at full capacity. C. validates the motivation for alternate products. D. strengthens the product's quality. E. increases the perceived cost of switching to another product.
Who ________ the team that came up with those ideas for saving energy?
a. led b. lead