Which of the following statements is true of a specialty store?
A. It offers a small range of everyday and impulse products at easy-to-access locations.
B. It offers a wide range of food products, plus limited nonfood items.
C. It sells a wide selection of merchandise within a narrow category.
D. It sells a complete selection of food and general merchandise at a steep discount in a single enormous location.
Answer: C
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Working capital is considered to be more indicative of the short-term, debt-paying ability than is the current ratio
Indicate whether the statement is true or false
Answer the following statements true (T) or false (F)
1. Tennessee Moving Company uses the indirect method to prepare its statement of cash flows. Refer to the following portion of the comparative balance sheet:
If the net income for the year was $67,000, the company must have declared $42,000 as dividends during the year.
2. New York Production Company uses the indirect method to prepare its statement of cash flows. The Treasury Stock account had a debit balance of $8,000 at the beginning of the year and a debit balance of $16,000 at the end of the year. No treasury stock was sold during the year. The financing section of the statement of cash flows will show a positive cash flow of $8,000 for the buyback of treasury stock.
3. To complete the statement of cash flows, the net change in cash and its effects on the beginning cash balance must be shown.
4. The total change in cash for the period reconciles the statement of cash flows.
Backstage culture is information you are willing to share with outsiders
Indicate whether the statement is true or false.
A résumé that lists work history job by job, starting with the most recent position, has been prepared using the ____________________ style
Fill in the blank(s) with correct word