Describe the differences between discount stores and off-price retailers
What will be an ideal response?
A discount store sells standard merchandise at low prices by accepting lower margins and selling a higher volume. The early discount stores cut expenses by offering few services and operating in warehouse-like facilities in low-rent, heavily traveled districts. Today's discounters have improved their store environments and increased their services, while at the same time keeping prices low through lean, efficient operations. Off-price retailers can be found in all areas, from food, clothing, and electronics to no-frills banking and discount brokerages. Off-price retailers buy at less-than-regular wholesale prices and charge consumers less than retail.
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Stated value is a value assigned to each share by the corporate president and printed on the stock certificate
a. True b. False Indicate whether the statement is true or false
What is the goal of appendixes?
A. To provide supporting information that helps detail the key selling points of a plan B. To inform customers and partners about a firm and its products C. To explain the growth plan and competitive strategies D. To establish marketing strategies and identify major competitors
Davison Corporation, which has only one product, has provided the following data concerning its most recent month of operations: Selling price$95 Units in beginning inventory 0Units produced 5,000Units sold 4,900Units in ending inventory 100 Variable costs per unit: Direct materials$26Direct labor$40Variable manufacturing overhead$1Variable selling and administrative expense$4Fixed costs: Fixed manufacturing overhead$40,000Fixed selling and administrative expense$73,500What is the total period cost for the month under the absorption costing?
A. $73,500 B. $40,000 C. $93,100 D. $133,100
Jane wants to sue Bob in a Virginia state court. Bob is a resident of Texas. Which of the following method may Jane use to get jurisdiction over the person of Bob?
a. have the Virginia police arrest Bob in Texas and take him to Virginia b. Jane could disguise her voice and phone Bob, telling him he has won $10,000 and must pick up the money inRichmond, Virginia, then have him served in Richmond c. Jane could have Bob served with a summons while he is driving through the state on his way to Maryland d. Jane can have Bob served with a summons in Texas; he must appear in Virginia court e. Jane cannot serve Bob with a summons because he is not a resident of Virginia