Which of the following statements does not hold true for cross-shopping?
A. Consumers show cross-shopping patterns because one store cannot satisfy their often conflicting, multiple needs.
B. Customers patronize both expensive, status-oriented retailers and price-oriented retailers.
C. People buy both premium and low-priced merchandise.
D. Buying patterns of cross-shoppers provide great opportunities only for specialty retailers.
Answer: D
You might also like to view...
A government-defined prevailing wage is the minimum wage that must be paid for work done on covered government projects or purchases.
Answer the following statement true (T) or false (F)
Which of the following is not an application of accrual accounting?
a. Recognizing revenues when earned and expenses when incurred b. Applying the matching rule c. Adjusting the accounts d. Recording on the basis of actual receipt and payment of cash
Return on investment was used in the 1900's to evaluate business operations
Indicate whether the statement is true or false
At the end of the current year, using the aging of receivable method, management estimated that $15,750 of the accounts receivable balance would be uncollectible. Prior to any year-end adjustments, the Allowance for Doubtful Accounts had a credit balance of $375. What adjusting entry should the company make at the end of the current year to record its estimated bad debts expense?
A.
| Bad Debts Expense | 15,375 | |
| Allowance for Doubtful Accounts | 15,375 |
B.
| Bad Debts Expense | 16,125 | |
| Allowance for Doubtful Accounts | 16,125 |
C.
| Accounts Receivable | 15,750 | |
| Bad Debts Expense | 375 | |
| Sales | 16,125 |
D.
| Accounts Receivable | 16,125 | |
| Allowance for Doubtful Accounts | 16,125 |
E.
| Bad Debts Expense | 15,750 | |
| Allowance for Doubtful Accounts | 15,750 |