Walmart is classified as an off-price retailer.
Answer the following statement true (T) or false (F)
False
Walmart is a full-line discount store. Off-price retailers offer an inconsistent assortment of brand-name merchandise at a significant discount off the manufacturers' suggested retail price (MSRP), and Walmart has consistent assortments.
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A firm using FIFO had a beginning inventory of $48,000, an ending inventory of $56,000, and a pretax income of $400,000 . If it had used LIFO, its beginning inventory would have been $20,000, its ending inventory would have been $16,000, and its pretax income would have been:
a. $374,000 b. $388,000 c. $396,000 d. $404,000 e. $412,000
The basic marketing principle is that
A. marketers' first duty is to the firm. B. sales create revenue streams. C. marketers focus on the needs of buyers. D. word of mouth is foundational.
Which of the following is not a way for employees to give regular feedback to a supervisor?
a. Weekly reports b. Frequent emails and phone calls c. Keeping a me file and regularly sharing it with the supervisor d. Sharing concerns with a co-worker
Net income should be used when preparing an income and expense statement.
Answer the following statement true (T) or false (F)